Vulcan Materials Company (NYSE:VMC – Get Free Report) SVP David Clement sold 2,212 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Vulcan Materials Trading Up 2.6%
NYSE:VMC traded up $7.76 on Tuesday, reaching $300.75. The company’s stock had a trading volume of 1,383,570 shares, compared to its average volume of 1,199,504. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The firm has a market cap of $39.03 billion, a PE ratio of 35.76, a PEG ratio of 2.07 and a beta of 1.05. The business’s 50-day moving average price is $282.88 and its two-hundred day moving average price is $290.05.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.
Vulcan Materials Announces Dividend
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of VMC. Brighton Jones LLC acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its position in Vulcan Materials by 3.9% during the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC boosted its position in Vulcan Materials by 6.3% during the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth boosted its position in Vulcan Materials by 28.5% during the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently weighed in on VMC. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Morgan Stanley reduced their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Stephens upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a research report on Thursday, April 30th. Finally, Citigroup reduced their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $326.92.
Get Our Latest Analysis on Vulcan Materials
About Vulcan Materials
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.
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