Vulcan Materials (NYSE:VMC) SVP Sells $405,000.00 in Stock

Vulcan Materials (NYSE:VMC) SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president now directly owns 2,832 shares of the company’s stock, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $273.38 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $247.65 and a two-hundred day simple moving average of $260.53. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The firm has a market capitalization of $36.11 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio is presently 27.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VMC. Royal Bank of Canada raised their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Citigroup restated a “buy” rating on shares of Vulcan Materials in a report on Monday, March 24th. Morgan Stanley lifted their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $302.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new position in Vulcan Materials during the fourth quarter worth about $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials during the fourth quarter worth about $32,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials in the 4th quarter worth about $35,000. Hedge funds and other 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.