Vulcan Materials (NYSE:VMC) SVP Sells $249,500.00 in Stock

Vulcan Materials (NYSE:VMCGet Free Report) SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $253.95 on Friday. The firm’s 50 day simple moving average is $259.47 and its 200 day simple moving average is $246.86. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $33.58 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 1.85 and a beta of 0.84. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. As a group, analysts expect that Vulcan Materials will post 8.55 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of research analyst reports. Stephens boosted their target price on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Citigroup boosted their target price on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Finally, Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Read Our Latest Research Report on Vulcan Materials

Institutional Trading of Vulcan Materials

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its holdings in shares of Vulcan Materials by 6.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 1,104 shares of the construction company’s stock worth $223,000 after buying an additional 71 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Vulcan Materials by 2.5% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,411 shares of the construction company’s stock worth $689,000 after buying an additional 83 shares during the last quarter. Pathstone Family Office LLC increased its holdings in shares of Vulcan Materials by 242.3% in the 3rd quarter. Pathstone Family Office LLC now owns 3,399 shares of the construction company’s stock worth $687,000 after buying an additional 2,406 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Vulcan Materials by 15.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,715 shares of the construction company’s stock worth $5,397,000 after buying an additional 3,509 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after buying an additional 52 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.