Vulcan Materials Company (VMC) Insider Sells $115,316.55 in Stock
Vulcan Materials Company (NYSE:VMC) insider Michael R. Mills sold 981 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the transaction, the insider now owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Vulcan Materials Company (NYSE:VMC) traded down 1.16% during mid-day trading on Friday, reaching $113.21. 1,933,249 shares of the company’s stock were exchanged. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The company’s 50-day moving average price is $117.97 and its 200 day moving average price is $122.38. The company has a market cap of $14.97 billion, a PE ratio of 36.45 and a beta of 0.94.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials Company will post $3.40 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were paid a $0.25 dividend. The ex-dividend date was Monday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s payout ratio is 32.36%.
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Several brokerages recently commented on VMC. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, June 20th. BidaskClub cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $145.00 in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $136.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Vulcan Materials by 29.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,459 shares of the construction company’s stock worth $296,000 after acquiring an additional 559 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Vulcan Materials by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock worth $53,012,000 after acquiring an additional 11,647 shares in the last quarter. Geneva Advisors LLC bought a new stake in shares of Vulcan Materials in the 2nd quarter worth $647,000. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 7.5% in the 2nd quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock worth $70,207,000 after acquiring an additional 38,479 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Vulcan Materials by 7.1% in the 2nd quarter. KBC Group NV now owns 16,311 shares of the construction company’s stock worth $2,066,000 after acquiring an additional 1,080 shares in the last quarter. Hedge funds and other institutional investors own 87.18% 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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