Vulcan Materials SVP Sells $100,852 in Stock (VMC)
Vulcan Materials (NYSE:VMC) SVP Stanley Bass sold 1,969 shares of Vulcan Materials stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $51.22, for a total value of $100,852.18. Following the transaction, the senior vice president now directly owns 829 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
VMC has been the subject of a number of recent research reports. Analysts at Cleveland Research upgraded shares of Vulcan Materials (NYSE:VMC) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. Separately, analysts at RBC Capital cut their price target on shares of Vulcan Materials (NYSE:VMC) from $66.00 to $60.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vulcan Materials (NYSE:VMC) in a research note to investors on Friday, July 5th. They now have a $50.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.17.
Vulcan Materials (NYSE:VMC) traded down 1.41% during mid-day trading on Thursday, hitting $51.67. The stock had a trading volume of 216,731 shares. Vulcan Materials has a one year low of $44.19 and a one year high of $59.48. The stock has a 50-day moving average of $48.61 and a 200-day moving average of $50.63. The company’s market cap is $6.715 billion.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $738.73 million for the quarter, compared to the consensus estimate of $741.41 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Vulcan Materials will post $-0.13 earnings per share for the current fiscal year.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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