Vulcan Materials (NYSE:VMC) President Sells $1,700,368.68 in Stock

Vulcan Materials Company (NYSE:VMC) President Thompson Baker II sold 5,818 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vulcan Materials Stock Up 0.4%

VMC traded up $1.20 during trading on Thursday, hitting $286.30. 1,450,728 shares of the company’s stock traded hands, compared to its average volume of 1,002,330. The company’s 50 day simple moving average is $296.41 and its two-hundred day simple moving average is $278.61. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $2.22 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. Analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be given 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 is 23.28%.

Institutional Trading of Vulcan Materials

Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in Vulcan Materials by 1.7% during the third quarter. Assetmark Inc. now owns 36,417 shares of the construction company’s stock valued at $11,203,000 after purchasing an additional 613 shares during the period. Public Sector Pension Investment Board grew its holdings in Vulcan Materials by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 11,485 shares of the construction company’s stock valued at $3,533,000 after purchasing an additional 1,457 shares during the period. Atria Investments Inc grew its holdings in Vulcan Materials by 19.1% during the third quarter. Atria Investments Inc now owns 8,003 shares of the construction company’s stock valued at $2,462,000 after purchasing an additional 1,284 shares during the period. Wedbush Securities Inc. grew its holdings in Vulcan Materials by 4.2% during the third quarter. Wedbush Securities Inc. now owns 1,995 shares of the construction company’s stock valued at $614,000 after purchasing an additional 80 shares during the period. Finally, Cibc World Market Inc. bought a new stake in Vulcan Materials during the third quarter valued at about $12,834,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Royal Bank Of Canada lowered their price objective on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. DA Davidson increased their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Company Profile

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.