Key Points
- SVP David Clement sold 2,000 shares on Nov. 19 at an average price of $288.55 for a total of $577,100, cutting his direct holdings by 70.62% to 832 shares.
- In its most recent quarter Vulcan Materials reported $2.84 EPS (beating estimates) and revenue of $2.29 billion, up 14.4% year-over-year, with a market cap around $38 billion and a PE of ~40.1.
- The company declared a quarterly dividend of $0.49 per share (0.7% yield) and has an average analyst rating of "Moderate Buy" with a mean price target of $317.58, while institutional investors own about 90.4% of the stock.
Vulcan Materials Company (NYSE:VMC - Get Free Report) SVP David Clement sold 2,000 shares of the company's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the transaction, the senior vice president directly owned 832 shares in the company, valued at $240,073.60. The trade was a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Vulcan Materials Trading Down 0.2%
Shares of NYSE VMC opened at $287.23 on Tuesday. 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 one year low of $215.08 and a one year high of $311.74. The business has a 50-day moving average price of $294.65 and a two-hundred day moving average price of $281.67. The firm has a market capitalization of $37.95 billion, a PE ratio of 40.12, a PEG ratio of 2.39 and a beta of 0.95.
Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.12. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm earned $2.22 earnings per share. The firm's revenue was up 14.4% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 10th. Vulcan Materials's payout ratio is currently 23.28%.
Analyst Ratings Changes
Several brokerages recently issued reports on VMC. Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a report on Monday, November 3rd. DA Davidson upped their target price on Vulcan Materials from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Barclays lifted their price target on Vulcan Materials from $305.00 to $320.00 and gave the company an "overweight" rating in a report on Monday, October 20th. Morgan Stanley dropped their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Finally, Raymond James Financial raised their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $317.58.
Get Our Latest Stock Analysis on VMC
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Vulcan Materials by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company's stock worth $5,293,274,000 after purchasing an additional 311,539 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company's stock worth $2,437,669,000 after buying an additional 99,298 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vulcan Materials by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company's stock worth $2,345,703,000 after buying an additional 414,828 shares during the period. State Street Corp grew its stake in Vulcan Materials by 1.7% in the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company's stock valued at $1,449,844,000 after buying an additional 95,256 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Vulcan Materials by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company's stock worth $906,961,000 after acquiring an additional 27,531 shares during the period. 90.39% of the stock is owned by institutional investors.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
