Vulcan Materials SVP Unloads $82,600 in Stock (VMC)
Vulcan Materials (NYSE:VMC) SVP David Clements unloaded 1,400 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $59.00, for a total transaction of $82,600.00. The transaction was disclosed in a document filed with the SEC, 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 one year low of $45.42 and a one 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 posted its quarterly earnings results 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 last year, the company posted $0.14 earnings per share. Vulcan Materials’s revenue was up 11.6% compared to the same quarter last year.
A number of analysts have recently weighed in on VMC shares. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.17.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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