LaFleur & Godfrey LLC Raises Position in Vulcan Materials Company (VMC)
LaFleur & Godfrey LLC boosted its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,175 shares of the construction company’s stock after buying an additional 2,685 shares during the period. Vulcan Materials comprises about 2.2% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 15th largest position. LaFleur & Godfrey LLC’s holdings in Vulcan Materials were worth $8,510,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Vulcan Materials by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,039,804 shares of the construction company’s stock worth $1,571,036,000 after buying an additional 409,777 shares during the last quarter. BlackRock Inc. raised its stake in shares of Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after buying an additional 7,799,158 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vulcan Materials by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock worth $559,872,000 after buying an additional 443,701 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vulcan Materials by 9.4% in the first quarter. Geode Capital Management LLC now owns 1,249,739 shares of the construction company’s stock worth $150,345,000 after buying an additional 107,089 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Vulcan Materials during the first quarter worth about $138,381,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Shares of Vulcan Materials Company (VMC) opened at 114.20 on Friday. The firm’s 50-day moving average price is $124.82 and its 200-day moving average price is $123.74. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 36.77 and a beta of 0.93.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.32. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, analysts forecast that Vulcan Materials Company will post $3.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be paid a $0.25 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 32.36%.
VMC has been the subject of a number of research reports. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday. Argus upped their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Citigroup Inc. restated a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Royal Bank Of Canada restated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Finally, BidaskClub lowered Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $139.67.
In other Vulcan Materials news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the transaction, the general counsel now owns 5,292 shares in the company, valued at $698,544. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,743 shares of company stock valued at $876,515. Insiders own 0.89% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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