Vulcan Materials (NYSE:VMC) President Thompson Baker II Sells 5,818 Shares

Vulcan Materials Company (NYSE:VMC) President Thompson Baker II sold 5,818 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total transaction of $1,700,368.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $286.30 on Friday. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The company’s fifty day moving average is $296.31 and its 200 day moving average is $278.66. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $2.22 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, November 10th. Vulcan Materials’s payout ratio is presently 23.28%.

Hedge Funds Weigh In On Vulcan Materials

Large investors have recently bought and sold shares of the stock. Aberdeen Group plc grew its stake in shares of Vulcan Materials by 2.4% in the 3rd quarter. Aberdeen Group plc now owns 113,274 shares of the construction company’s stock worth $34,402,000 after acquiring an additional 2,608 shares in the last quarter. Assetmark Inc. boosted its holdings in Vulcan Materials by 1.7% during the third quarter. Assetmark Inc. now owns 36,417 shares of the construction company’s stock worth $11,203,000 after purchasing an additional 613 shares during the last quarter. Public Sector Pension Investment Board grew its position in Vulcan Materials by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 11,485 shares of the construction company’s stock worth $3,533,000 after purchasing an additional 1,457 shares in the last quarter. Atria Investments Inc increased its stake in Vulcan Materials by 19.1% in the 3rd quarter. Atria Investments Inc now owns 8,003 shares of the construction company’s stock valued at $2,462,000 after buying an additional 1,284 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Vulcan Materials by 4.2% during the 3rd quarter. Wedbush Securities Inc. now owns 1,995 shares of the construction company’s stock worth $614,000 after buying an additional 80 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial increased their price target on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research note on Monday. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, Citigroup reduced their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $317.58.

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 company 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.