Vulcan Materials (NYSE:VMC) insider Michael R. Mills sold 1,326 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the sale, the insider now owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of VMC stock traded down $0.78 during mid-day trading on Wednesday, hitting $130.19. The stock had a trading volume of 3,242 shares, compared to its average volume of 1,159,088. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $136.45. The stock has a market capitalization of $17.86 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64.
Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.13. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The company had revenue of $996.50 million during the quarter, compared to analysts’ expectations of $915.68 million. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that Vulcan Materials will post 4.82 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Thursday, May 9th. DA Davidson increased their price target on shares of Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. They noted that the move was a valuation call. Berenberg Bank assumed coverage on shares of Vulcan Materials in a research note on Wednesday, April 3rd. They set a “hold” rating and a $115.00 price target for the company. Deutsche Bank increased their price target on shares of Vulcan Materials to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Vulcan Materials in a research note on Thursday, March 21st. They set an “overweight” rating and a $135.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Vulcan Materials currently has a consensus rating of “Buy” and a consensus price target of $126.62.
Hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter worth $25,000. JOYN Advisors Inc. increased its holdings in shares of Vulcan Materials by 273.0% in the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Vulcan Materials in the 1st quarter valued at about $37,000. Somerset Trust Co purchased a new position in shares of Vulcan Materials in the 1st quarter valued at about $44,000. Finally, Citizens Financial Group Inc RI purchased a new position in shares of Vulcan Materials in the 4th quarter valued at about $46,000. Institutional investors own 95.83% of the company’s stock.
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About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
Further Reading: The limitations of an equal weight rating
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