Insider Selling: J Thomas Hill Sells 5,000 Shares of Vulcan Materials Stock (VMC)
Vulcan Materials (NYSE:VMC) COO J Thomas Hill sold 5,000 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $59.52, for a total transaction of $297,600.00. Following the completion of the sale, the chief operating officer now directly owns 5,952 shares in the company, valued at approximately $354,263. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Vulcan Materials (NYSE:VMC) traded down 1.25% on Thursday, hitting $58.68. 497,048 shares of the company’s stock traded hands. Vulcan Materials has a 1-year low of $45.42 and a 1-year high of $60.14. The stock has a 50-day moving average of $56.52 and a 200-day moving average of $52.22. The company has a market cap of $7.628 billion and a price-to-earnings ratio of 433.72.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.13 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Vulcan Materials from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at RBC Capital raised their price target on shares of Vulcan Materials from $60.00 to $65.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vulcan Materials in a research note to investors on Tuesday, November 5th. They now have a $61.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Vulcan Materials currently has an average rating of “Hold” and an average price target of $58.17.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.