Investors Buy Vulcan Materials (VMC) on Weakness Following Insider Selling

Investors purchased shares of Vulcan Materials (NYSE:VMC) on weakness during trading hours on Friday after an insider sold shares in the company. $52.04 million flowed into the stock on the tick-up and $33.87 million flowed out of the stock on the tick-down, for a money net flow of $18.17 million into the stock. Of all equities tracked, Vulcan Materials had the 32nd highest net in-flow for the day. Vulcan Materials traded down ($1.48) for the day and closed at $131.90Specifically, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the transaction, the insider now owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

A number of equities analysts recently weighed in on the company. Barclays assumed coverage on Vulcan Materials in a report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target for the company. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Citigroup reiterated a “buy” rating and set a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. Finally, Stephens reiterated a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a research note on Wednesday. One investment 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $142.13.

The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The firm has a market cap of $17,450.00, a P/E ratio of 45.02, a P/E/G ratio of 2.00 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $1.01 earnings per share. Vulcan Materials’s quarterly revenue was up 8.6% on a year-over-year basis. analysts predict that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of VMC. Sun Life Financial INC grew its position in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Vulcan Materials in the second quarter valued at approximately $187,000. FCA Corp TX purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $215,000. WINTON GROUP Ltd purchased a new stake in shares of Vulcan Materials in the second quarter valued at approximately $218,000. Finally, LMR Partners LLP purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $220,000. Institutional investors and hedge funds own 89.02% of the company’s stock.

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About Vulcan Materials

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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