Key Points
- Director J. Thomas Hill sold 14,000 Vulcan Materials shares at an average price of $276.17, receiving approximately $3.87 million. The sale reduced his direct holdings by 19.39% to 58,209 shares.
- Vulcan Materials shares were trading down 3.7% at $259.53, near the lower end of their 12-month range. The company recently exceeded quarterly earnings and revenue expectations, reporting $2.59 in EPS and $2.16 billion in revenue.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $328.64. The company also declared a quarterly dividend of $0.52 per share, equivalent to a 0.8% annualized yield.
Vulcan Materials Company (NYSE:VMC - Get Free Report) Director J Thomas Hill sold 14,000 shares of Vulcan Materials stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00. Following the transaction, the director directly owned 58,209 shares of the company's stock, valued at $16,075,579.53. The trade was a 19.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Vulcan Materials Trading Down 3.7%
Shares of Vulcan Materials stock opened at $259.53 on Wednesday. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $33.63 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.43 and a beta of 1.05. The company's 50-day moving average price is $285.22 and its 200-day moving average price is $285.14.
Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business earned $2.42 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.
Vulcan Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials's payout ratio is presently 24.56%.
Wall Street Analyst Weigh In
VMC has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Wells Fargo & Company dropped their price target on Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Wall Street Zen upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, DA Davidson initiated coverage on Vulcan Materials in a research report on Tuesday, August 25th. They issued a "buy" rating and a $330.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.64.
Read Our Latest Stock Report on Vulcan Materials
Institutional Trading of Vulcan Materials
Several institutional investors have recently added to or reduced their stakes in VMC. Atria Investments Inc increased its stake in shares of Vulcan Materials by 54.1% in the fourth quarter. Atria Investments Inc now owns 12,334 shares of the construction company's stock worth $3,518,000 after buying an additional 4,331 shares during the period. SCS Capital Management LLC purchased a new stake in Vulcan Materials during the 2nd quarter valued at $19,628,000. BlackRock Inc. purchased a new stake in Vulcan Materials during the 2nd quarter valued at $2,868,444,000. Westfield Capital Management Co. LP increased its position in shares of Vulcan Materials by 7.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company's stock valued at $72,459,000 after acquiring an additional 17,488 shares during the period. Finally, Palmer Knight Co bought a new position in shares of Vulcan Materials during the second quarter valued at about $9,458,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
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.
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