Key Points
- SVP Denson Franklin III sold 665 shares at an average price of $295 for a total of $196,175, reducing his ownership by 7.43% to 8,284 shares (≈$2.44M).
- Vulcan Materials reported quarterly EPS of $2.84 (beating the $2.72 estimate) and revenue of $2.29B, up 14.4% year-over-year, with a market capitalization of about $39.7B.
- The company pays a quarterly dividend of $0.49 (annualized $1.96, yield 0.7%, DPR 23.3%) and has a consensus analyst rating of Moderate Buy with an average price target of $317.58 (several firms raising targets into the $320–$340 range).
Vulcan Materials Company (NYSE:VMC - Get Free Report) SVP Denson Franklin III sold 665 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the sale, the senior vice president owned 8,284 shares of the company's stock, valued at approximately $2,443,780. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Vulcan Materials Stock Performance
Shares of NYSE VMC opened at $300.71 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The business's 50-day moving average price is $293.64 and its two-hundred day moving average price is $283.51. The company has a market capitalization of $39.73 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.
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 for the quarter, topping analysts' consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business earned $2.22 EPS. The business's quarterly revenue was up 14.4% on a year-over-year basis. Analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.
Vulcan Materials Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio (DPR) is currently 23.28%.
Analysts Set New Price Targets
VMC has been the subject of a number of recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Vulcan Materials in a report on Thursday, October 30th. DA Davidson raised their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, October 21st. Barclays increased their price target on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an "overweight" rating in a report on Monday, October 20th. Finally, Raymond James Financial boosted their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $317.58.
View Our Latest Analysis on VMC
Hedge Funds Weigh In On Vulcan Materials
A number of hedge funds have recently modified their holdings of VMC. Vanguard Group Inc. grew its position in Vulcan Materials by 1.8% in the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company's stock valued at $5,293,274,000 after acquiring an additional 311,539 shares during the period. JPMorgan Chase & Co. grew its stake in Vulcan Materials by 1.3% during 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. increased its holdings in shares of Vulcan Materials by 5.8% during the third 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 in the last quarter. State Street Corp boosted its holdings in shares of Vulcan Materials by 1.7% in the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company's stock worth $1,449,844,000 after acquiring an additional 95,256 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Vulcan Materials Company Profile
(
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.
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