Key Points
- Director Melissa Anderson sold 1,137 shares of Vulcan Materials on Feb. 20 at an average price of $303.72, a transaction valued at $345,329.64, according to an SEC filing.
- Quarterly results missed expectations: Vulcan Materials reported EPS of $1.70 vs. a $2.11 consensus and revenue of $1.91 billion vs. $1.95 billion, though revenue rose 3.2% year‑over‑year.
- Dividend increased: the company boosted its quarterly dividend to $0.52 (from $0.49), a $2.08 annualized payout with a 0.7% yield; the dividend is payable Mar. 23 to shareholders of record on Mar. 9 (ex‑dividend Mar. 9).
Vulcan Materials Company (NYSE:VMC - Get Free Report) Director Melissa Anderson sold 1,137 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Vulcan Materials Trading Up 2.3%
NYSE VMC opened at $317.89 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $331.09. The stock has a market cap of $41.51 billion, a P/E ratio of 39.15, a P/E/G ratio of 2.28 and a beta of 1.07. The company has a fifty day simple moving average of $303.25 and a two-hundred day simple moving average of $297.21.
Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.41). The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.95 billion. Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. Vulcan Materials's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.17 earnings per share. On average, analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.
Vulcan Materials Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a $0.52 dividend. This is a boost from Vulcan Materials's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 24.14%.
Institutional Investors Weigh In On Vulcan Materials
Large investors have recently modified their holdings of the stock. Westside Investment Management Inc. lifted its position in Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company's stock valued at $25,000 after purchasing an additional 42 shares during the period. NBT Bank N A NY acquired a new position in Vulcan Materials during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $30,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. DA Davidson dropped their target price on Vulcan Materials from $330.00 to $320.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. B. Riley Financial started coverage on shares of Vulcan Materials in a research note on Thursday, January 15th. They issued a "buy" rating and a $345.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Vulcan Materials from $317.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 18th. Citigroup increased their target price on shares of Vulcan Materials from $342.00 to $345.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. Finally, Truist Financial raised their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $323.64.
Get Our Latest Stock Report on VMC
Vulcan Materials Company Profile
(
Get Free Report)
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.
Read More
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].
