Insider Selling: Vulcan Materials (NYSE:VMC) Director Sells $7,991,200.00 in Stock

Vulcan Materials Company (NYSE:VMC) Director J. Hill sold 28,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total value of $7,991,200.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $276.17, for a total value of $3,866,380.00.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $12.22 on Thursday, hitting $285.47. The company had a trading volume of 1,730,025 shares, compared to its average volume of 1,186,035. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The company has a market cap of $36.64 billion, a PE ratio of 33.78, a PEG ratio of 2.93 and a beta of 0.99. Vulcan Materials Company has a 52-week low of $237.03 and a 52-week high of $331.09. The business has a 50 day moving average of $256.70 and a 200 day moving average of $280.20.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $2.84 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.92 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company 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 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%.

Hedge Funds Weigh In On Vulcan Materials

Large investors have recently modified their holdings of the company. Burkett Financial Services LLC bought a new stake in Vulcan Materials during the second quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in shares of Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Clearstead Trust LLC bought a new position in shares of Vulcan Materials in the 2nd quarter worth about $37,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Vulcan Materials in the 2nd quarter worth about $51,000. Finally, Western Wealth Management LLC acquired a new position in shares of Vulcan Materials in the 1st quarter valued at about $57,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on VMC shares. DA Davidson raised their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. BNP Paribas Exane reduced their price target on Vulcan Materials from $290.00 to $281.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Stephens raised their price objective on Vulcan Materials from $285.00 to $315.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley lowered their price objective on Vulcan Materials from $321.00 to $311.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, UBS Group dropped their target price on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $310.72.

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.