LaFleur & Godfrey LLC Purchases 2,232 Shares of Vulcan Materials Company $VMC

Key Points

• LaFleur & Godfrey LLC increased its stake in Vulcan Materials by 3.8%, now holding 61,243 shares valued at approximately $15.97 million.
• Analysts have mixed ratings on Vulcan Materials; with an average rating of "Buy" and a consensus target price of $308.36, while some target prices range from $279.00 to $330.00.
• Vulcan Materials recently declared a quarterly dividend of $0.49, resulting in an annual dividend yield of 0.7% and a payout ratio of 27.37%.

LaFleur & Godfrey LLC boosted its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,243 shares of the construction company's stock after purchasing an additional 2,232 shares during the period. Vulcan Materials comprises 2.0% of LaFleur & Godfrey LLC's holdings, making the stock its 18th biggest holding. LaFleur & Godfrey LLC's holdings in Vulcan Materials were worth $15,973,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Vulcan Materials during the 1st quarter valued at about $27,000. Manchester Capital Management LLC grew its stake in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after acquiring an additional 39 shares in the last quarter. Wayfinding Financial LLC bought a new position in Vulcan Materials in the 1st quarter worth about $45,000. Fourth Dimension Wealth LLC bought a new position in Vulcan Materials in the 4th quarter worth about $46,000. Finally, Rakuten Securities Inc. bought a new position in Vulcan Materials in the 1st quarter worth about $54,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the sale, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of VMC opened at $297.51 on Monday. The company has a 50 day moving average of $284.65 and a two-hundred day moving average of $264.17. The company has a market cap of $39.31 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $302.21. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

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

Vulcan Materials Dividend Announcement

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

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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