Insider Selling: Vulcan Materials (NYSE:VMC) Director Sells 28,000 Shares of Company Stock

Vulcan Materials Company (NYSE:VMC) Director J. Hill sold 28,000 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total transaction of $7,991,200.00. Following the completion of the transaction, the director directly owned 30,209 shares in the company, valued at $8,621,648.60. This represents a 48.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

J Thomas Hill also recently made the following trade(s):

• On Friday, August 21st, J. Hill sold 14,000 shares of Vulcan Materials stock. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded down $12.22 during trading on Thursday, hitting $285.47. 1,730,025 shares of the company traded hands, compared to its average volume of 1,186,035. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $256.70 and its 200-day moving average is $280.20. The stock has a market capitalization of $36.64 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.93 and a beta of 0.99. Vulcan Materials Company has a one year low of $237.03 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.02. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $2.84 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials Company will post 8.92 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.62%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VMC. BlackRock Inc. bought a new position in Vulcan Materials in the 2nd quarter valued at about $2,868,444,000. Bank of America Corp DE acquired a new position in Vulcan Materials during the 2nd quarter valued at about $688,580,000. The Manufacturers Life Insurance Company acquired a new position in Vulcan Materials during the 2nd quarter valued at about $451,119,000. Stockbridge Partners LLC bought a new stake in shares of Vulcan Materials during the 2nd quarter worth about $314,470,000. Finally, Veritas Asset Management LLP bought a new stake in shares of Vulcan Materials during the 2nd quarter worth about $306,641,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMC. DA Davidson boosted their price target on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, October 30th. Citigroup increased their price objective on shares of Vulcan Materials from $300.00 to $326.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Weiss Ratings downgraded shares of Vulcan Materials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Truist Financial reduced their target price on shares of Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $310.72.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.