Insider Selling: Vulcan Materials CFO Sells 2,500 Shares of Stock (VMC)
Vulcan Materials (NYSE:VMC) CFO Daniel F. Sansone sold 2,500 shares of Vulcan Materials stock on the open market in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,274 shares of the company’s stock, valued at approximately $1,036,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Vulcan Materials (NYSE:VMC) traded down 0.65% during mid-day trading on Friday, hitting $59.52. 553,984 shares of the company’s stock traded hands. Vulcan Materials has a 52 week low of $45.42 and a 52 week high of $60.27. The stock’s 50-day moving average is $57.44 and its 200-day moving average is $52.86. The company has a market cap of $7.737 billion and a price-to-earnings ratio of 437.30.
Vulcan Materials (NYSE:VMC) last announced its 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. Analysts expect that Vulcan Materials will post $-0.06 EPS for the current fiscal year.
A number of analysts have recently weighed in on VMC shares. Analysts at Zacks upgraded shares of Vulcan Materials from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $71.00 price target on the stock. Separately, 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, December 30th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.83.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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