Vulcan Materials (NYSE:VMC) Insider Sells $341,507.64 in Stock
Vulcan Materials (NYSE:VMC) insider Stanley G. Bass sold 2,406 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the sale, the insider now directly owns 35,263 shares of the company’s stock, valued at approximately $5,005,230.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE VMC traded up $3.12 during trading on Wednesday, reaching $145.26. 995,218 shares of the company’s stock were exchanged, compared to its average volume of 1,063,411. The company’s fifty day simple moving average is $140.30 and its 200-day simple moving average is $129.32. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $145.53. The firm has a market capitalization of $18.79 billion, a PE ratio of 35.87, a P/E/G ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Equities analysts forecast that Vulcan Materials will post 4.84 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. NuWave Investment Management LLC raised its stake in shares of Vulcan Materials by 809.5% in the second quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Coastal Investment Advisors Inc. boosted its stake in shares of Vulcan Materials by 1,550.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock valued at $27,000 after purchasing an additional 186 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Vulcan Materials by 136.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. CSat Investment Advisory L.P. boosted its stake in Vulcan Materials by 109.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock worth $49,000 after acquiring an additional 187 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Vulcan Materials by 114.5% in the first quarter. Parallel Advisors LLC now owns 474 shares of the construction company’s stock valued at $56,000 after acquiring an additional 253 shares during the period. 95.21% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on VMC shares. DA Davidson boosted their target price on Vulcan Materials to $150.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Royal Bank of Canada set a $142.00 price target on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. SunTrust Banks increased their target price on shares of Vulcan Materials to $145.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus lifted their price target on Vulcan Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $137.00.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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