Vulcan Materials Company (NYSE:VMC) Position Boosted by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC increased its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,011 shares of the construction company's stock after buying an additional 1,357 shares during the quarter. Vulcan Materials comprises 1.9% of LaFleur & Godfrey LLC's portfolio, making the stock its 17th largest holding. LaFleur & Godfrey LLC's holdings in Vulcan Materials were worth $13,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Vulcan Materials by 2.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after acquiring an additional 44 shares during the last quarter. Howard Capital Management Inc. lifted its position in shares of Vulcan Materials by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after acquiring an additional 45 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its position in shares of Vulcan Materials by 1.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock valued at $1,012,000 after acquiring an additional 46 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after purchasing an additional 48 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in shares of Vulcan Materials by 4.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Up 2.0%

NYSE VMC opened at $261.14 on Tuesday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $34.50 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84. The firm's fifty day simple moving average is $261.02 and its 200-day simple moving average is $256.88.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. Vulcan Materials's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 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 announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, May 23rd. Vulcan Materials's payout ratio is 27.80%.

Analyst Ratings Changes

A number of research firms have recently issued reports on VMC. Loop Capital reduced their target price on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Morgan Stanley increased their target price on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Stephens set a $315.00 target price on Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Finally, Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

Vulcan Materials Company Profile

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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