Vulcan Materials (NYSE:VMC) President Sells $1,700,368.68 in Stock

Vulcan Materials Company (NYSE:VMC) President Thompson Baker II sold 5,818 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total transaction of $1,700,368.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Vulcan Materials Price Performance

Shares of VMC opened at $287.62 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $296.24 and its two-hundred day moving average is $279.31. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The firm has a market capitalization of $38.00 billion, a PE ratio of 40.17, a P/E/G ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. Research analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current 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 $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. DA Davidson raised their price target on Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada decreased their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Two 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $317.58.

Institutional Investors Weigh In On Vulcan Materials

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Vulcan Materials by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after buying an additional 311,539 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after acquiring an additional 99,298 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after purchasing an additional 414,828 shares during the period. State Street Corp grew its holdings in Vulcan Materials by 1.7% in the second quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock valued at $1,449,844,000 after purchasing an additional 95,256 shares during the period. Finally, Geode Capital Management LLC increased its position in Vulcan Materials by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock worth $906,961,000 after purchasing an additional 27,531 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Company Profile

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.