Key Points
- Vulcan Materials President Thompson Baker II sold 7,135 shares on December 11th at an average price of $300.81, totaling about $2.15 million, as disclosed in an SEC filing.
- The company recently beat quarterly estimates with EPS of $2.84 vs. $2.72 and revenue of $2.29 billion (up 14.4% YoY), and currently has a market capitalization of roughly $39.16 billion and a P/E of 35.2.
- Vulcan pays a quarterly dividend of $0.49 ($1.96 annualized, ~0.7% yield) and carries an average analyst rating of "Moderate Buy" with an average price target of $317.58.
Vulcan Materials Company (NYSE:VMC - Get Free Report) President Thompson Baker II sold 7,135 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Vulcan Materials Price Performance
VMC stock opened at $296.41 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The company's fifty day moving average price is $293.21 and its 200-day moving average price is $284.28. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a market capitalization of $39.16 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06.
Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the company earned $2.22 EPS. The business's quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was 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 presently 23.28%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on VMC. Citigroup decreased their price objective on Vulcan Materials from $356.00 to $342.00 and set a "buy" rating on the stock in a report on Monday, November 3rd. DA Davidson upped their price target on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. 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 report on Tuesday, October 21st. Barclays boosted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an "overweight" rating in a report on Monday, October 20th. Finally, Raymond James Financial upped their target price 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 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $317.58.
Read Our Latest Stock Report on Vulcan Materials
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Unified Investment Management raised its holdings in shares of Vulcan Materials by 1.7% in the second quarter. Unified Investment Management now owns 2,259 shares of the construction company's stock worth $589,000 after buying an additional 38 shares during the period. Rosenberg Matthew Hamilton grew its position in Vulcan Materials by 6.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company's stock valued at $169,000 after acquiring an additional 38 shares during the last quarter. Fulton Bank N.A. increased its stake in Vulcan Materials by 4.1% in the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company's stock worth $295,000 after purchasing an additional 38 shares during the period. Harfst & Associates Inc. lifted its position in shares of Vulcan Materials by 0.6% during the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company's stock worth $1,974,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in shares of Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company's stock valued at $952,000 after purchasing an additional 38 shares during the period. Hedge funds and other 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.
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