J Thomas Hill Sells 14,000 Shares of Vulcan Materials (NYSE:VMC) Stock

Vulcan Materials Company (NYSE:VMC) Director J Thomas Hill sold 14,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the transaction, the director owned 58,209 shares in the company, valued at $16,075,579.53. The trade was a 19.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vulcan Materials Stock Up 1.7%

VMC stock opened at $264.00 on Thursday. The firm has a 50-day moving average price of $284.35 and a 200-day moving average price of $284.73. The stock has a market capitalization of $34.21 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.Vulcan Materials’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. As a group, equities research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Analyst Ratings Changes

Several analysts have recently commented on VMC shares. Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. DA Davidson began coverage on Vulcan Materials in a research note on Tuesday, August 25th. They issued a “buy” rating and a $330.00 price objective for the company. Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $328.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VMC. Brighton Jones LLC bought a new position in Vulcan Materials during the 4th quarter worth approximately $497,000. NewEdge Advisors LLC increased its holdings in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC raised its position in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth grew its position in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after buying an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after buying an additional 80 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Company Profile

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.