Vulcan Materials (NYSE:VMC) SVP David Clement Sells 2,000 Shares

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vulcan Materials Price Performance

VMC stock traded down $1.88 during midday trading on Monday, reaching $285.95. 236,131 shares of the stock were exchanged, compared to its average volume of 1,009,195. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74. The company has a fifty day moving average price of $294.78 and a 200 day moving average price of $281.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The stock has a market capitalization of $37.78 billion, a PE ratio of 39.94, a P/E/G ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm posted $2.22 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s payout ratio is presently 23.28%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DA Davidson raised 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. raised their target price on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Citigroup cut their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $317.58.

Institutional Trading of Vulcan Materials

Institutional investors have recently bought and sold shares of the company. Unified Investment Management lifted its stake in shares of Vulcan Materials by 1.7% in the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after purchasing an additional 38 shares during the period. Rosenberg Matthew Hamilton grew its stake in Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after purchasing an additional 38 shares during the period. Fulton Bank N.A. increased its holdings 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 in the last quarter. Harfst & Associates Inc. lifted its stake in Vulcan Materials by 0.6% in the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after buying an additional 38 shares during the period. Finally, United Capital Financial Advisors LLC lifted its stake in 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 valued at $952,000 after buying an additional 38 shares during the period. Institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

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.