Investors Buy Shares of Vulcan Materials (VMC) on Weakness After Insider Selling

Investors purchased shares of Vulcan Materials (NYSE:VMC) on weakness during trading on Friday after an insider sold shares in the company. $52.04 million flowed into the stock on the tick-up and $33.87 million flowed out of the stock on the tick-down, for a money net flow of $18.17 million into the stock. Of all companies tracked, Vulcan Materials had the 32nd highest net in-flow for the day. Vulcan Materials traded down ($1.48) for the day and closed at $131.90Specifically, insider Michael R. Mills sold 4,659 shares of Vulcan Materials stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

A number of research analysts recently issued reports on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Barclays initiated coverage on shares of Vulcan Materials in a research note on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and set a $122.00 target price on shares of Vulcan Materials in a research note on Friday, October 13th. Finally, Bank of America decreased their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $142.13.

The company has a market capitalization of $17,450.00, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. analysts expect that Vulcan Materials will post 3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. Vulcan Materials’s payout ratio is presently 34.13%.

Several hedge funds and other institutional investors have recently bought and sold shares of VMC. Parametric Portfolio Associates LLC grew its stake in shares of Vulcan Materials by 13.2% in the third quarter. Parametric Portfolio Associates LLC now owns 227,542 shares of the construction company’s stock worth $27,214,000 after purchasing an additional 26,581 shares during the last quarter. AXA grew its stake in shares of Vulcan Materials by 46.3% in the third quarter. AXA now owns 46,657 shares of the construction company’s stock worth $5,580,000 after purchasing an additional 14,759 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Vulcan Materials in the third quarter worth $232,000. IFM Investors Pty Ltd bought a new stake in shares of Vulcan Materials in the third quarter worth $475,000. Finally, California Public Employees Retirement System grew its stake in shares of Vulcan Materials by 5.1% in the third quarter. California Public Employees Retirement System now owns 286,075 shares of the construction company’s stock worth $34,215,000 after purchasing an additional 13,975 shares during the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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