Insider Selling: Vulcan Materials (NYSE:VMC) SVP Sells $570,200.00 in Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Vulcan Materials Trading Down 2.7%

NYSE VMC opened at $280.12 on Thursday. 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 business has a fifty day simple moving average of $289.63 and a 200 day simple moving average of $288.69. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The firm has a market capitalization of $36.30 billion, a P/E ratio of 33.07, a PEG ratio of 2.07 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $2.42 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Institutional Trading of Vulcan Materials

A number of large investors have recently added to or reduced their stakes in VMC. Haverford Trust Co bought a new stake in Vulcan Materials in the second quarter worth about $230,000. Bank of Nova Scotia bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $9,368,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $964,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $1,961,000. Finally, Commerce Bank bought a new stake in shares of Vulcan Materials in the 2nd quarter worth approximately $1,620,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VMC. UBS Group decreased their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Oppenheimer initiated coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company dropped their price target on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Vulcan Materials Company Profile

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.