Vulcan Materials Company (NYSE:VMC – Get Free Report) Director J. Hill sold 28,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total transaction of $7,991,200.00. Following the sale, the director directly owned 30,209 shares of the company’s stock, valued at approximately $8,621,648.60. This trade represents a 48.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
J Thomas Hill also recently made the following trade(s):
- On Friday, August 21st, J. Hill sold 14,000 shares of Vulcan Materials stock. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00.
Vulcan Materials Stock Performance
Shares of NYSE:VMC opened at $285.47 on Friday. The company’s 50 day simple moving average is $256.93 and its 200 day simple moving average is $280.10. The stock has a market capitalization of $36.64 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 0.96. Vulcan Materials Company has a 1 year low of $237.03 and a 1 year high of $331.09.
Vulcan Materials (NYSE:VMC – Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.02. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that Vulcan Materials Company will post 8.89 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.62%.
Institutional Trading of Vulcan Materials
A number of institutional investors and hedge funds have recently bought and sold shares of VMC. BlackRock Inc. purchased a new position in shares of Vulcan Materials during the second quarter valued at approximately $2,868,444,000. Bank of America Corp DE bought a new stake in Vulcan Materials in the 2nd quarter worth about $688,580,000. The Manufacturers Life Insurance Company bought a new stake in Vulcan Materials in the 2nd quarter worth about $451,119,000. Stockbridge Partners LLC purchased a new stake in Vulcan Materials in the 2nd quarter valued at about $314,470,000. Finally, Veritas Asset Management LLP purchased a new stake in Vulcan Materials in the 2nd quarter valued at about $306,641,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Vulcan Materials
Here are the key news stories impacting Vulcan Materials this week:
- Positive Sentiment: Stephens analyst commentary expects VMC shares to rise, providing a bullish counterpoint. Vulcan Materials Stock Price Expected to Rise, Stephens Analyst Says
- Positive Sentiment: B. Riley Financial forecast strong price appreciation for Vulcan Materials, another positive analyst view. B. Riley Financial Forecasts Strong Price Appreciation for Vulcan Materials
- Negative Sentiment: Director J. Hill sold 28,000 shares for about $7.99 million, reducing his position by 48.1% to 30,209 shares. Investors may view the substantial insider sale as a cautionary signal, though the filing does not state the reason for the transaction. Vulcan Materials Insider Sold Shares Worth $7,991,224
- Negative Sentiment: Morgan Stanley lowered its price target from $321 to $311 and maintained an “equal weight” rating. The reduced target may weigh on sentiment, despite still indicating potential upside from the cited share price. Morgan Stanley stock recommendations
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Vulcan Materials from $345.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Morgan Stanley dropped their target price on Vulcan Materials from $321.00 to $311.00 and set an “equal weight” rating for the company in a research report on Wednesday. Raymond James Financial cut their price target on Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. BMO Capital Markets restated a “market perform” rating on shares of Vulcan Materials in a report on Monday, September 21st. Finally, UBS Group reduced their price target on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $310.72.
Read Our Latest Stock Report on VMC
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.
In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.
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