Vulcan Materials (NYSE:VMC) SVP Sells $208,394.88 in Stock

Key Points

• Vulcan Materials SVP David Clement sold 698 shares at an average price of $298.56, totaling $208,394.88, reducing his holdings by 19.77%.
• The company's quarterly earnings were below expectations, with earnings per share reported at $2.45, missing the consensus estimate of $2.65.
• Vulcan Materials recently announced a quarterly dividend of $0.49, reflecting an annualized yield of 0.7% and a payout ratio of 27.37%.

Vulcan Materials Company (NYSE:VMC - Get Free Report) SVP David Clement sold 698 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the transaction, the senior vice president owned 2,832 shares of the company's stock, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vulcan Materials Stock Down 0.3%

Shares of Vulcan Materials stock traded down $0.83 on Monday, hitting $294.11. The company had a trading volume of 592,171 shares, compared to its average volume of 700,374. The firm has a market capitalization of $38.86 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.41 and a beta of 0.86. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $302.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The stock has a 50-day moving average of $281.99 and a 200-day moving average of $262.23.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.35 EPS. Research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.37%.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. Royal Bank Of Canada cut their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Morgan Stanley cut their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. Citigroup reissued a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Barclays boosted their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $308.36.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC grew its stake in shares of Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Vulcan Materials in the first quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Vulcan Materials in the second quarter valued at about $32,000. Concord Wealth Partners acquired a new stake in Vulcan Materials during the second quarter worth about $33,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials during the fourth quarter worth about $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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