Vulcan Materials (NYSE:VMC) SVP Sells $959,103.00 in Stock

Vulcan Materials (NYSE:VMC) SVP Jerry F. Perkins, Jr. sold 4,575 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $209.64, for a total transaction of $959,103.00. Following the completion of the sale, the senior vice president now owns 6,839 shares of the company’s stock, valued at $1,433,727.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vulcan Materials Price Performance

NYSE:VMC opened at $212.27 on Friday. Vulcan Materials has a one year low of $159.76 and a one year high of $229.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.13. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 1.32 and a beta of 0.78. The firm’s fifty day moving average is $207.11 and its two-hundred day moving average is $209.94.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.19 by $0.10. Vulcan Materials had a net margin of 10.74% and a return on equity of 12.35%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that Vulcan Materials will post 6.85 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, November 10th. Vulcan Materials’s dividend payout ratio is currently 27.88%.

Analysts Set New Price Targets

Several brokerages have weighed in on VMC. DA Davidson raised their target price on shares of Vulcan Materials from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Loop Capital raised their target price on shares of Vulcan Materials from $235.00 to $260.00 in a research note on Friday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Vulcan Materials from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 24th. StockNews.com began coverage on shares of Vulcan Materials in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Seaport Res Ptn raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.21.

Hedge Funds Weigh In On Vulcan Materials

Several large investors have recently made changes to their positions in VMC. Pinnacle Bancorp Inc. acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $27,000. Achmea Investment Management B.V. purchased a new position in shares of Vulcan Materials during the 1st quarter valued at approximately $29,000. Raleigh Capital Management Inc. acquired a new stake in Vulcan Materials in the 2nd quarter valued at $30,000. Finally, M&R Capital Management Inc. increased its holdings in Vulcan Materials by 144.8% in the 2nd quarter. M&R Capital Management Inc. now owns 142 shares of the construction company’s stock worth $32,000 after acquiring an additional 84 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.

About Vulcan Materials

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.