David Clement Sells 2,000 Shares of Vulcan Materials (NYSE:VMC) Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. This represents a 70.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vulcan Materials Stock Down 0.7%

Shares of NYSE:VMC traded down $1.88 during midday trading on Monday, hitting $285.95. The stock had a trading volume of 236,131 shares, compared to its average volume of 1,009,195. The company has a market cap of $37.78 billion, a P/E ratio of 39.94, a PEG ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The business’s 50-day simple moving average is $294.78 and its 200-day simple moving average is $281.54. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.22 earnings per share. On average, sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 23.28%.

Analyst Ratings Changes

Several research firms have issued reports on VMC. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada decreased their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. DA Davidson increased their price target on Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Stifel Nicolaus set a $327.00 price objective on shares of Vulcan Materials in a research report on Monday, November 3rd. Finally, Citigroup decreased their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.58.

Institutional Trading of Vulcan Materials

Several large investors have recently made changes to their positions in VMC. Brighton Jones LLC bought a new stake in Vulcan Materials during the fourth quarter worth $497,000. Allianz Asset Management GmbH raised its holdings in shares of Vulcan Materials by 21.2% during the 1st quarter. Allianz Asset Management GmbH now owns 13,091 shares of the construction company’s stock worth $3,054,000 after buying an additional 2,286 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Vulcan Materials by 1.9% during the 1st quarter. Assetmark Inc. now owns 32,630 shares of the construction company’s stock worth $7,613,000 after buying an additional 613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Vulcan Materials by 2.5% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 28,485 shares of the construction company’s stock worth $6,643,000 after buying an additional 700 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in Vulcan Materials in the first quarter valued at about $2,819,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Vulcan Materials

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.