David Clement Sells 2,000 Shares of Vulcan Materials (NYSE:VMC) Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This represents a 22.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vulcan Materials Stock Performance

Shares of VMC stock traded up $0.11 during trading hours on Monday, reaching $284.80. The company had a trading volume of 774,464 shares, compared to its average volume of 1,190,135. The business has a fifty day moving average price of $289.57 and a 200-day moving average price of $289.01. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The firm has a market cap of $36.90 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 24.56%.

Hedge Funds Weigh In On Vulcan Materials

A number of institutional investors have recently bought and sold shares of VMC. Burkett Financial Services LLC purchased a new stake in Vulcan Materials in the second quarter worth about $25,000. NBT Bank N A NY bought a new position in shares of Vulcan Materials during the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. increased its holdings in 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 acquiring an additional 43 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Vulcan Materials in the 4th quarter worth approximately $29,000. Finally, Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the 4th quarter worth approximately $30,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on VMC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Citigroup cut their price target on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Stephens increased their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Oppenheimer began coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.93.

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.