Key Points
- Vulcan Materials SVP David Clement sold 2,212 shares on June 15 for about $646,545 at an average price of $292.29, trimming his ownership by 20.24% to 8,716 shares.
- The stock was up 2.6% and opened at $300.75, with shares trading near their 52-week range of $252.35 to $331.09. The company also has a market cap of about $39.03 billion.
- Vulcan recently beat earnings expectations, reporting $1.35 EPS on revenue of $1.76 billion, and paid a quarterly dividend of $0.52 per share. Analysts currently have a consensus rating of Hold with an average price target of $326.92.
Vulcan Materials Company (NYSE:VMC - Get Free Report) SVP David Clement sold 2,212 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares of the company's stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vulcan Materials Trading Up 2.6%
Vulcan Materials stock opened at $300.75 on Wednesday. The firm has a 50 day simple moving average of $283.30 and a 200-day simple moving average of $290.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market capitalization of $39.03 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.
Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 24.73%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on VMC. Royal Bank Of Canada increased their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a "sector perform" rating in a research note on Thursday, April 30th. Stephens increased 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 Thursday, April 30th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a "hold" rating in a research note on Tuesday, June 2nd. DA Davidson cut their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Finally, Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $326.92.
View Our Latest Stock Analysis on VMC
Institutional Investors Weigh In On Vulcan Materials
Several hedge funds have recently made changes to their positions in VMC. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC lifted its position in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company's stock valued at $1,017,000 after acquiring an additional 163 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company's stock valued at $745,000 after acquiring an additional 190 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock valued at $775,000 after acquiring an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock valued at $78,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
About Vulcan Materials
(
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.
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