Insider Buying: Vulcan Materials (NYSE:VMC) Director Acquires 500 Shares of Stock

Vulcan Materials (NYSE:VMCGet Rating) Director Melissa H. Anderson purchased 500 shares of the business’s stock in a transaction dated Saturday, May 14th. The shares were purchased at an average cost of $191.46 per share, for a total transaction of $95,730.00. Following the purchase, the director now directly owns 500 shares of the company’s stock, valued at $95,730. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE VMC opened at $164.88 on Wednesday. The firm has a market cap of $21.91 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.27. The stock’s 50-day moving average is $176.71 and its 200-day moving average is $188.17. Vulcan Materials has a one year low of $156.53 and a one year high of $213.65.

Vulcan Materials (NYSE:VMCGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.11. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.44 billion. Vulcan Materials had a return on equity of 10.49% and a net margin of 9.99%. Vulcan Materials’s revenue was up 44.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Equities analysts anticipate that Vulcan Materials will post 6.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 26th. Vulcan Materials’s dividend payout ratio is currently 35.56%.

VMC has been the topic of several research reports. Truist Financial upped their price target on Vulcan Materials from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, February 22nd. StockNews.com initiated coverage on Vulcan Materials in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup cut their price target on Vulcan Materials from $231.00 to $224.00 in a research note on Friday, February 18th. Finally, Morgan Stanley cut their price target on Vulcan Materials from $232.00 to $224.00 and set an “equal weight” rating on the stock in a research note on Monday, April 18th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMC. MCF Advisors LLC raised its position in shares of Vulcan Materials by 214.6% during the third quarter. MCF Advisors LLC now owns 151 shares of the construction company’s stock worth $26,000 after purchasing an additional 103 shares during the period. Legacy Bridge LLC bought a new position in shares of Vulcan Materials during the fourth quarter worth about $26,000. Key Financial Inc bought a new position in shares of Vulcan Materials during the first quarter worth about $26,000. Achmea Investment Management B.V. bought a new position in shares of Vulcan Materials during the first quarter worth about $29,000. Finally, Carroll Investors Inc bought a new position in shares of Vulcan Materials during the fourth quarter worth about $32,000. 88.38% of the stock is currently owned by institutional investors.

About Vulcan Materials (Get Rating)

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 Aggregates segment 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.

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