Vulcan Materials (NYSE:VMC) SVP David Clement Sells 2,212 Shares

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $300.75 on Wednesday. The firm has a market cap of $39.03 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. The firm’s 50-day simple moving average is $283.30 and its 200-day simple moving average is $290.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.

Vulcan Materials (NYSE:VMC) last issued 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. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. Equities analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 24.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMC. Barclays upped their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Truist Financial boosted their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $326.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Vulcan Materials by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock valued at $397,795,000 after acquiring an additional 3,931 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Vulcan Materials by 67.8% in the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock valued at $4,405,000 after acquiring an additional 5,787 shares in the last quarter. Interval Partners LP boosted its holdings in shares of Vulcan Materials by 82.9% in the third quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock valued at $46,957,000 after acquiring an additional 69,189 shares in the last quarter. London & Capital Asset Management Ltd boosted its holdings in shares of Vulcan Materials by 26.4% in the third quarter. London & Capital Asset Management Ltd now owns 108,087 shares of the construction company’s stock valued at $33,248,000 after acquiring an additional 22,545 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Vulcan Materials by 54.1% in the fourth quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock valued at $3,518,000 after acquiring an additional 4,331 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Company Profile

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.