LaFleur & Godfrey LLC raised its position in shares of Vulcan Materials (NYSE:VMC) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,393 shares of the construction company’s stock after purchasing an additional 155 shares during the period. Vulcan Materials accounts for about 2.8% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 14th largest position. LaFleur & Godfrey LLC’s holdings in Vulcan Materials were worth $11,039,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. Brookfield Asset Management Inc. acquired a new stake in Vulcan Materials in the 2nd quarter valued at approximately $3,089,000. Horizon Investments LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $266,000. Convergence Investment Partners LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $633,000. FMR LLC grew its holdings in shares of Vulcan Materials by 6.7% during the 1st quarter. FMR LLC now owns 1,041,382 shares of the construction company’s stock worth $123,300,000 after purchasing an additional 65,399 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Vulcan Materials by 0.3% during the 1st quarter. California State Teachers Retirement System now owns 221,879 shares of the construction company’s stock worth $26,270,000 after purchasing an additional 655 shares in the last quarter. 95.21% of the stock is owned by institutional investors.
Shares of VMC stock opened at $149.80 on Friday. The stock’s fifty day simple moving average is $141.95 and its 200 day simple moving average is $130.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 1.75 and a beta of 0.93. Vulcan Materials has a one year low of $82.52 and a one year high of $151.51.
The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Wednesday, August 21st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.83%. The ex-dividend date was Tuesday, August 20th. Vulcan Materials’s dividend payout ratio is 30.62%.
In other Vulcan Materials news, insider Stanley G. Bass sold 6,207 shares of Vulcan Materials stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the completion of the transaction, the insider now owns 53,813 shares in the company, valued at approximately $7,307,805.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 2,406 shares of Vulcan Materials stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total value of $341,507.64. Following the completion of the transaction, the insider now owns 35,263 shares of the company’s stock, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.
Several analysts have recently weighed in on the company. Barclays lifted their price objective on Vulcan Materials from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Argus set a $152.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson lifted their price objective on Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. They noted that the move was a valuation call. Longbow Research lifted their price objective on Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on Vulcan Materials from $142.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $143.00.
Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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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