LaFleur & Godfrey LLC decreased its stake in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,611 shares of the construction company’s stock after selling 1,862 shares during the period. Vulcan Materials makes up 2.0% of LaFleur & Godfrey LLC’s portfolio, making the stock its 16th biggest position. LaFleur & Godfrey LLC’s holdings in Vulcan Materials were worth $16,147,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VMC. Composition Wealth LLC lifted its stake in shares of Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares during the period. Harfst & Associates Inc. increased its stake in shares of Vulcan Materials by 0.6% during the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after acquiring an additional 38 shares during the period. Fulton Bank N.A. raised its holdings in Vulcan Materials by 4.1% during the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock worth $295,000 after purchasing an additional 38 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares in the last quarter. Finally, Truist Financial Corp lifted its position in Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the period. 90.39% of the stock is currently owned by institutional investors.
Vulcan Materials Trading Up 1.4%
Vulcan Materials stock opened at $291.62 on Wednesday. The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm’s 50 day moving average price is $284.18 and its two-hundred day moving average price is $292.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.
Vulcan Materials Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a dividend of $0.52 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.73%.
Insider Buying and Selling at Vulcan Materials
In related news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Barclays upped their price objective on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Morgan Stanley lowered their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $329.62.
Get Our Latest Stock Analysis on Vulcan Materials
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
Further Reading
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