Vulcan Materials (NYSE:VMC) Director J Thomas Hill Sells 14,000 Shares

Vulcan Materials Company (NYSE:VMC) Director J Thomas Hill sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vulcan Materials Stock Down 1.8%

NYSE VMC opened at $269.62 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.98 and a beta of 1.06. The company has a 50 day moving average of $286.03 and a 200-day moving average of $285.56. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business posted $2.42 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VMC shares. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Citigroup decreased their price objective on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, DA Davidson initiated coverage on shares of Vulcan Materials in a research report on Tuesday, August 25th. They set a “buy” rating and a $330.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $328.64.

Institutional Investors Weigh In On Vulcan Materials

Several hedge funds have recently added to or reduced their stakes in the business. Burkett Financial Services LLC acquired a new position in shares of Vulcan Materials during the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials during the 4th quarter valued at about $29,000. Meeder Asset Management Inc. grew its stake in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in Vulcan Materials during the second quarter worth approximately $37,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

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.