Insider Selling: Vulcan Materials (VMC) Insider Sells 3,738 Shares of Stock
Vulcan Materials (NYSE:VMC) insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the transaction, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Vulcan Materials (NYSE:VMC) traded up $0.90 during trading hours on Wednesday, reaching $134.58. 698,197 shares of the company’s stock traded hands, compared to its average volume of 1,320,000. Vulcan Materials has a one year low of $108.95 and a one year high of $136.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The stock has a market capitalization of $17,800.00, a price-to-earnings ratio of 45.93, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. research analysts predict that Vulcan Materials will post 3.01 EPS for the current year.
Several equities research analysts have commented on VMC shares. Citigroup reaffirmed a “buy” rating and issued a $140.00 price target (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and issued a $122.00 price target on shares of Vulcan Materials in a report on Friday, October 13th. Bank of America lowered their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $142.13.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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