J Thomas Hill Purchases 1,955 Shares of Vulcan Materials (VMC) Stock

Vulcan Materials (NYSE:VMC) Chairman J Thomas Hill acquired 1,955 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were bought at an average price of $101.66 per share, for a total transaction of $198,745.30. Following the completion of the acquisition, the chairman now owns 57,348 shares in the company, valued at $5,829,997.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

NYSE VMC opened at $105.76 on Friday. Vulcan Materials has a one year low of $82.52 and a one year high of $141.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.70. The company has a market capitalization of $13.75 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $1.04 earnings per share. Vulcan Materials’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials will post 3.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be issued a $0.28 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.12 annualized dividend and a yield of 1.06%. Vulcan Materials’s payout ratio is 36.84%.

VMC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “buy” rating and set a $138.00 price objective on the stock in a report on Tuesday, July 24th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a report on Wednesday, August 1st. Argus cut their price objective on shares of Vulcan Materials to $122.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Stephens set a $125.00 price objective on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, Barclays restated a “buy” rating and issued a $132.00 price target on shares of Vulcan Materials in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $121.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 35.3% during the first quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock valued at $230,251,000 after purchasing an additional 526,595 shares during the period. DnB Asset Management AS purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $2,106,000. IFM Investors Pty Ltd raised its stake in shares of Vulcan Materials by 41.4% during the second quarter. IFM Investors Pty Ltd now owns 6,241 shares of the construction company’s stock valued at $805,000 after purchasing an additional 1,827 shares during the period. Pure Financial Advisors Inc. purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $258,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $328,000. Hedge funds and other institutional investors own 97.86% of the company’s stock.

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About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Further Reading: Bear Market

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