Key Points
- Vulcan Materials SVP David Clement sold 2,000 shares at an average price of $285.10, generating $570,200. The sale reduced his direct holdings by 22.95% to 6,716 shares.
- Vulcan reported quarterly EPS of $2.59, exceeding estimates of $2.46, while revenue rose 2.5% year over year to $2.16 billion.
- The company declared a quarterly dividend of $0.52 per share, equivalent to $2.08 annually and a 0.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $327.93.
Vulcan Materials Company (NYSE:VMC - Get Free Report) SVP David Clement sold 2,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the sale, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vulcan Materials Stock Up 0.0%
Shares of VMC opened at $284.80 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $289.63 and a two-hundred day moving average price of $288.93. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.05 and a beta of 1.06. 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 quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $2.42 EPS. The company's revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials's payout ratio is currently 24.56%.
Hedge Funds Weigh In On Vulcan Materials
A number of large investors have recently modified their holdings of the stock. Chesapeake Capital Corp IL boosted its position in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company's stock worth $1,059,000 after acquiring an additional 33 shares during the last quarter. Composition Wealth LLC raised its holdings in shares of Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company's stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company's stock worth $952,000 after purchasing an additional 38 shares in the last quarter. Truist Financial Corp lifted its position in shares of Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company's stock worth $3,802,000 after purchasing an additional 38 shares in the last quarter. Finally, 4WEALTH Advisors Inc. boosted its holdings in Vulcan Materials by 3.2% during the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company's stock worth $337,000 after purchasing an additional 39 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VMC has been the subject of several recent analyst reports. Wall Street Zen lowered Vulcan Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. UBS Group lowered their target price on shares of Vulcan Materials from $350.00 to $349.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Oppenheimer began coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a "market perform" rating for the company. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $327.93.
Check Out Our Latest Stock Report on VMC
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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