David Clement Sells 2,212 Shares of Vulcan Materials (NYSE:VMC) 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 stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vulcan Materials Stock Performance

VMC opened at $294.34 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The company has a market cap of $38.19 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.17 and a beta of 1.05. The company’s 50 day moving average is $283.56 and its 200 day moving average is $290.08. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. On average, equities research analysts predict that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VMC shares. Royal Bank Of Canada lifted their price target on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Barclays lifted their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Truist Financial lifted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $326.92.

Institutional Investors Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Vulcan Materials by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock valued at $397,795,000 after buying an additional 3,931 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Vulcan Materials by 67.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock valued at $4,405,000 after buying an additional 5,787 shares during the last quarter. Interval Partners LP raised its position in shares of Vulcan Materials by 82.9% during the third quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock valued at $46,957,000 after buying an additional 69,189 shares during the last quarter. London & Capital Asset Management Ltd raised its position in shares of Vulcan Materials by 26.4% during the third quarter. London & Capital Asset Management Ltd now owns 108,087 shares of the construction company’s stock valued at $33,248,000 after buying an additional 22,545 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Vulcan Materials by 57.2% during the third quarter. Russell Investments Group Ltd. now owns 155,291 shares of the construction company’s stock valued at $47,759,000 after buying an additional 56,475 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

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.