Vulcan Materials (VMC) Insider Michael R. Mills Sells 4,659 Shares

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.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.13%.

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.

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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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