LaFleur & Godfrey LLC Purchases 1,357 Shares of Vulcan Materials Company (NYSE:VMC)

LaFleur & Godfrey LLC boosted its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,011 shares of the construction company's stock after buying an additional 1,357 shares during the period. Vulcan Materials makes up about 1.9% of LaFleur & Godfrey LLC's portfolio, making the stock its 17th biggest holding. LaFleur & Godfrey LLC's holdings in Vulcan Materials were worth $13,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. Brighton Jones LLC bought a new position in Vulcan Materials during the fourth quarter valued at approximately $497,000. Truist Financial Corp boosted its stake in Vulcan Materials by 33.0% during the fourth quarter. Truist Financial Corp now owns 13,377 shares of the construction company's stock valued at $3,441,000 after buying an additional 3,321 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Vulcan Materials by 63.0% during the fourth quarter. D.A. Davidson & CO. now owns 2,871 shares of the construction company's stock valued at $739,000 after buying an additional 1,110 shares during the last quarter. Private Advisor Group LLC boosted its stake in Vulcan Materials by 1.6% during the fourth quarter. Private Advisor Group LLC now owns 5,274 shares of the construction company's stock valued at $1,357,000 after buying an additional 82 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Vulcan Materials by 11.1% during the fourth quarter. Ieq Capital LLC now owns 7,708 shares of the construction company's stock valued at $1,983,000 after buying an additional 771 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Up 2.1%

Shares of VMC stock traded up $5.36 on Friday, reaching $262.32. 2,119,857 shares of the company's stock were exchanged, compared to its average volume of 979,756. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week 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 stock has a market capitalization of $34.65 billion, a PE ratio of 37.21, a P/E/G ratio of 2.29 and a beta of 0.84. The company's fifty day simple moving average is $262.42 and its 200 day simple moving average is $256.66.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $0.80 EPS. Vulcan Materials's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is currently 27.80%.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Stifel Nicolaus raised their price objective on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Argus raised Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Raymond James Financial lowered their price objective on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $302.91.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the sale, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

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.