Vulcan Materials (NYSE:VMC) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC reduced its position in shares of Vulcan Materials (NYSE:VMC) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,618 shares of the construction company’s stock after selling 3,349 shares during the period. Vulcan Materials accounts for about 2.0% of LaFleur & Godfrey LLC’s portfolio, making the stock its 15th largest holding. LaFleur & Godfrey LLC’s holdings in Vulcan Materials were worth $14,429,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its stake in Vulcan Materials by 7.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after purchasing an additional 91,318 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in Vulcan Materials by 438.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 12,658 shares of the construction company’s stock worth $3,170,000 after buying an additional 10,308 shares during the period. Griffin Asset Management Inc. acquired a new stake in shares of Vulcan Materials in the third quarter valued at $1,634,000. Asset Dedication LLC grew its position in shares of Vulcan Materials by 146.5% during the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after buying an additional 104 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at $2,320,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VMC. Loop Capital dropped their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Stephens cut their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Truist Financial lowered their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $272.45.

Vulcan Materials Stock Up 1.2 %

NYSE:VMC traded up $3.03 on Wednesday, reaching $255.82. The stock had a trading volume of 132,042 shares, compared to its average volume of 822,294. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The stock has a market cap of $33.78 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 2.33 and a beta of 0.82. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $243.63 and a 200 day moving average of $252.52.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. Vulcan Materials’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 EPS. On average, research analysts predict that Vulcan Materials will post 7.67 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Vulcan Materials 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.