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 firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vulcan Materials Stock Up 0.8%

Shares of NYSE:VMC opened at $287.70 on Wednesday. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a 50 day moving average of $289.75 and a 200-day moving average of $288.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The stock has a market cap of $37.28 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.05 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. Vulcan Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 24.56%.

Institutional Investors Weigh In On Vulcan Materials

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Vulcan Materials in the second quarter valued at about $2,868,444,000. Norges Bank acquired a new stake in shares of Vulcan Materials during the fourth quarter worth about $383,613,000. Egerton Capital UK LLP acquired a new stake in shares of Vulcan Materials during the fourth quarter worth about $273,861,000. Bank of New York Mellon Corp bought a new position in shares of Vulcan Materials during the 2nd quarter valued at about $213,960,000. Finally, Deutsche Bank AG bought a new position in shares of Vulcan Materials during the 2nd quarter valued at about $208,673,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VMC shares. UBS Group reduced their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Oppenheimer initiated coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Wells Fargo & Company cut their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus target price of $327.93.

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.