Insider Selling: Vulcan Materials (NYSE:VMC) SVP Sells 2,212 Shares of Stock

Vulcan Materials Company (NYSE:VMC) SVP David Clement sold 2,212 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vulcan Materials Stock Performance

Shares of VMC traded up $7.76 during mid-day trading on Tuesday, reaching $300.75. The company’s stock had a trading volume of 1,383,570 shares, compared to its average volume of 1,199,504. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The stock has a market cap of $39.03 billion, a P/E ratio of 35.76, a PEG ratio of 2.07 and a beta of 1.05. The business has a 50-day simple moving average of $282.88 and a two-hundred day simple moving average of $290.05. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VMC shares. Truist Financial raised their price objective on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Raymond James Financial set a $325.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, DA Davidson lowered their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $326.92.

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DV Trading LLC raised its holdings in Vulcan Materials by 175.0% in the 1st quarter. DV Trading LLC now owns 880 shares of the construction company’s stock valued at $240,000 after acquiring an additional 560 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Vulcan Materials by 29.4% in the 1st quarter. NewEdge Advisors LLC now owns 30,754 shares of the construction company’s stock valued at $8,374,000 after acquiring an additional 6,980 shares in the last quarter. BankChampaign National Association acquired a new position in Vulcan Materials in the 1st quarter valued at $706,000. Western Wealth Management LLC acquired a new position in Vulcan Materials in the 1st quarter valued at $57,000. Finally, Kentucky Retirement Systems raised its holdings in Vulcan Materials by 29.3% in the 1st quarter. Kentucky Retirement Systems now owns 10,732 shares of the construction company’s stock valued at $2,922,000 after acquiring an additional 2,432 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.