Vulcan Materials (NYSE:VMC) SVP Sells $646,545.48 in Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $303.63 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The company has a market cap of $39.40 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The firm has a fifty day moving average price of $284.07 and a two-hundred day moving average price of $290.13. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s payout ratio is currently 24.73%.

Hedge Funds Weigh In On Vulcan Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. NBT Bank N A NY acquired a new position in Vulcan Materials during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth about $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $29,000. Meeder Asset Management Inc. increased its position in shares of Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new position in Vulcan Materials during the 4th quarter valued at about $30,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the topic of several recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Citigroup reduced their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Stephens increased their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $326.92.

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.