Bfsg LLC Sells 1,140 Shares of Vulcan Materials Company $VMC

Key Points

• Bfsg LLC has reduced its stake in Vulcan Materials Company by 7.7%, selling 1,140 shares while maintaining a total of 13,735 shares valued at approximately $3.58 million.
• Multiple institutional investors increased their positions in Vulcan Materials, with LaFleur & Godfrey LLC acquiring an additional 2,232 shares, resulting in a total of 61,243 shares worth about $15.97 million.
• Analysts have varying price targets for Vulcan Materials, with Barclays setting a new target at $305 and JPMorgan Chase raising it to $330, reflecting positive market sentiment despite a recent earnings miss.

Bfsg LLC decreased its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,735 shares of the construction company's stock after selling 1,140 shares during the period. Bfsg LLC's holdings in Vulcan Materials were worth $3,582,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LaFleur & Godfrey LLC increased its holdings in shares of Vulcan Materials by 3.8% in the 2nd quarter. LaFleur & Godfrey LLC now owns 61,243 shares of the construction company's stock worth $15,973,000 after buying an additional 2,232 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Vulcan Materials by 24.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the construction company's stock worth $553,000 after buying an additional 416 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Vulcan Materials by 6.3% in the 2nd quarter. Park Avenue Securities LLC now owns 2,934 shares of the construction company's stock valued at $765,000 after purchasing an additional 173 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in shares of Vulcan Materials during the 2nd quarter valued at $261,000. Finally, Deane Retirement Strategies Inc. raised its position in Vulcan Materials by 1.5% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 17,942 shares of the construction company's stock worth $4,681,000 after purchasing an additional 268 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

VMC has been the subject of several analyst reports. Barclays upped their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley dropped their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Citigroup restated a "buy" rating and set a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $308.36.

Vulcan Materials Stock Up 0.5%

Shares of Vulcan Materials stock opened at $299.16 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The company has a 50-day moving average of $285.24 and a 200 day moving average of $264.71. The firm has a market cap of $39.52 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.43 and a beta of 0.86. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $302.21.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 earnings per share. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is presently 27.37%.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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