Michael R. Mills Sells 4,659 Shares of Vulcan Materials (NYSE:VMC) Stock

Vulcan Materials (NYSE:VMC) insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Vulcan Materials (NYSE VMC) opened at $133.97 on Monday. The stock has a market cap of $17,722.15, a price-to-earnings ratio of 45.11, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. sell-side analysts expect that Vulcan Materials will post 3.01 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in VMC. Janus Henderson Group PLC grew its position in Vulcan Materials by 4,985.8% during the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after buying an additional 4,126,822 shares during the period. Third Point LLC acquired a new stake in shares of Vulcan Materials in the second quarter valued at about $202,688,000. Point72 Asset Management L.P. grew its position in shares of Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after purchasing an additional 558,900 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Vulcan Materials in the second quarter valued at about $58,623,000. Finally, CI Investments Inc. acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $55,271,000. Institutional investors own 89.04% of the company’s stock.

VMC has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating and issued a $140.00 price target (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Royal Bank of Canada restated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. Jefferies Group reiterated a “hold” rating and set a $122.00 price target on shares of Vulcan Materials in a report on Friday, October 13th. Bank of America cut their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $142.13.

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Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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