Vulcan Materials (NYSE:VMC) SVP Denson Franklin III Sells 665 Shares

Vulcan Materials Company (NYSE:VMC) SVP Denson Franklin III sold 665 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president owned 8,284 shares in the company, valued at approximately $2,443,780. This represents a 7.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $300.71 on Thursday. The company has a market cap of $39.73 billion, a P/E ratio of 35.48, a PEG ratio of 2.38 and a beta of 1.06. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The business’s 50-day simple moving average is $293.64 and its 200 day simple moving average is $283.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 earnings per share. On average, sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 23.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Vulcan Materials by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after acquiring an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vulcan Materials by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock valued at $2,437,669,000 after purchasing an additional 99,298 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares during the period. State Street Corp grew its position in Vulcan Materials by 1.7% in the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock valued at $1,449,844,000 after buying an additional 95,256 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Vulcan Materials by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock valued at $906,961,000 after buying an additional 27,531 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VMC shares. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada cut their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $327.00 price target on Vulcan Materials in a research report on Monday, November 3rd. Finally, DA Davidson boosted their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.58.

Vulcan Materials Company Profile

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.