Vulcan Materials Sees Unusually High Options Volume (NYSE:VMC)

Vulcan Materials (NYSE:VMC) saw unusually large options trading on Tuesday. Investors acquired 3,706 put options on the stock. This is an increase of 1,491% compared to the typical daily volume of 233 put options.

Several equities analysts have commented on VMC shares. Jefferies Financial Group boosted their price target on shares of Vulcan Materials to $133.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. JPMorgan Chase & Co. began coverage on shares of Vulcan Materials in a research report on Thursday, March 21st. They set an “overweight” rating and a $135.00 price objective for the company. DA Davidson boosted their price target on shares of Vulcan Materials to $150.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and issued a $137.00 target price on shares of Vulcan Materials in a report on Sunday, May 5th. Finally, Berenberg Bank started coverage on shares of Vulcan Materials in a report on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $126.62.

In related news, insider Michael R. Mills sold 1,326 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $136.05, for a total value of $180,402.30. Following the transaction, the insider now directly owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Randy L. Pigg sold 1,754 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $134.96, for a total transaction of $236,719.84. Following the completion of the transaction, the vice president now directly owns 3,034 shares in the company, valued at $409,468.64. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc boosted its holdings in shares of Vulcan Materials by 0.3% during the third quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock worth $1,552,839,000 after purchasing an additional 46,860 shares during the period. BlackRock Inc. lifted its stake in Vulcan Materials by 21.8% in the first quarter. BlackRock Inc. now owns 10,405,781 shares of the construction company’s stock valued at $1,232,045,000 after acquiring an additional 1,864,819 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Vulcan Materials by 19.5% in the first quarter. Lazard Asset Management LLC now owns 4,387,024 shares of the construction company’s stock worth $519,423,000 after buying an additional 714,979 shares during the last quarter. Egerton Capital UK LLP lifted its stake in shares of Vulcan Materials by 45.3% in the first quarter. Egerton Capital UK LLP now owns 4,236,189 shares of the construction company’s stock worth $501,565,000 after buying an additional 1,320,882 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Vulcan Materials by 17.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock worth $405,835,000 after buying an additional 608,504 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vulcan Materials stock opened at $130.97 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64. Vulcan Materials has a 1 year low of $82.52 and a 1 year high of $136.45. The stock has a market capitalization of $17.86 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The firm had revenue of $996.50 million for the quarter, compared to the consensus estimate of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. Vulcan Materials’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. On average, research analysts expect that Vulcan Materials will post 4.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.31 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 0.95%. Vulcan Materials’s dividend payout ratio is currently 30.62%.

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Vulcan Materials Company Profile

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.

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