Vulcan Materials (NYSE:VMC) insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares in the company, valued at approximately $6,043,020.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vulcan Materials (NYSE:VMC) traded down $1.48 on Friday, hitting $131.90. 1,285,256 shares of the stock were exchanged, compared to its average volume of 1,770,489. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $17,450.00, a price-to-earnings ratio of 45.02, a PEG ratio of 2.00 and a beta of 0.87. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $136.82.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.01 earnings per share. analysts expect that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in VMC. Sun Life Financial INC grew its position in Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after buying an additional 960 shares during the last quarter. Schroder Investment Management Group purchased a new position in Vulcan Materials in the 2nd quarter valued at $187,000. FCA Corp TX purchased a new position in Vulcan Materials in the 3rd quarter valued at $215,000. WINTON GROUP Ltd purchased a new position in Vulcan Materials in the 2nd quarter valued at $218,000. Finally, LMR Partners LLP purchased a new position in Vulcan Materials in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 89.02% of the company’s stock.
A number of analysts have weighed in on the stock. Barclays assumed coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective on the stock. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Saturday, December 16th. Royal Bank of Canada reissued a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and set a $122.00 price objective on shares of Vulcan Materials in a report on Friday, October 13th. Finally, Citigroup reissued a “buy” rating and set a $144.00 price objective on shares of Vulcan Materials in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Vulcan Materials presently has an average rating of “Buy” and a consensus target price of $142.13.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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