Insider Selling: Vulcan Materials (NYSE:VMC) SVP Sells 2,000 Shares of Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the sale, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vulcan Materials Trading Up 0.0%

Shares of Vulcan Materials stock traded up $0.11 during trading on Monday, reaching $284.80. 774,464 shares of the stock were exchanged, compared to its average volume of 1,190,135. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $36.90 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The stock’s fifty day moving average is $289.57 and its 200 day moving average is $289.01.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company posted $2.42 EPS. Vulcan Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VMC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. UBS Group reduced their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, Oppenheimer initiated coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.93.

Institutional Trading of Vulcan Materials

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its stake in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after purchasing an additional 190 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.