Senior Vice President of Vulcan Materials Co (NYSE:VMC), David P. Clement, recently sold 1,000 shares of the company's stock, a transaction valued at approximately $254,500. The sale, which took place on May 30, 2024, was executed at a price of $254.50 per share.
David P. Clement's transaction comes as part of his trading activities disclosed in the latest SEC filings. Following the sale, Clement retains ownership of 2,660 shares of common stock directly, along with 547.494 shares held in a 401k, reflecting his ongoing stake in the company.
Vulcan Materials Co, a prominent player in the mining and quarrying of nonmetallic minerals, has its shares publicly traded under the ticker symbol VMC. The company is incorporated in New Jersey, with its business operations primarily focused on energy and transportation sectors.
The SEC filing also noted a derivative transaction involving phantom stock, which is economically equivalent to common stock and payable in cash upon the reporting person's termination of employment. However, this transaction does not involve the direct sale or purchase of Vulcan Materials' shares.
Investors and market watchers often scrutinize insider transactions as they provide insights into executives' perspectives on the company's current valuation and future prospects. The details of these transactions are made available to the public through filings with the SEC, allowing for transparency and regulatory oversight of insider activities in the market.
InvestingPro Insights
Vulcan Materials Co (NYSE:VMC), a major company in the nonmetallic mineral mining sector, has exhibited a range of financial metrics that may interest investors following Senior Vice President David P. Clement’s recent sale of shares. According to real-time data from InvestingPro, Vulcan Materials has a market capitalization of $33.32 billion and is trading with a Price/Earnings (P/E) ratio of 36.99. This valuation comes as the company's revenue over the last twelve months as of Q1 2024 stands at $7.678.6 million, with a growth of 3.44%.
InvestingPro Tips highlight that Vulcan Materials has a notable track record with its dividends, having raised them for 10 consecutive years and maintained dividend payments for 54 consecutive years. Additionally, the company is trading at a Price/Book multiple of 4.49 and has been profitable over the last twelve months, which aligns with analysts' predictions that the company will remain profitable this year.
For investors looking for stability, Vulcan Materials is also characterized by low price volatility. However, it's worth noting that 6 analysts have revised their earnings expectations downwards for the upcoming period, which might be a point of consideration for potential investors. For those interested in a deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/VMC, including insights on the company's Piotroski Score and near-term earnings growth. To access these insights and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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