Vulcan Materials Co (NYSE:VMC) President, Thompson S. Baker II, has recently sold a significant number of shares in the company. According to the latest filings, Baker sold Vulcan Materials stock worth over $4.1 million. The transactions occurred in a series of trades with prices ranging from $272.54 to $273.48.
The sales were executed in multiple transactions on May 10 and May 13, 2024. On May 10, Baker sold 5006 shares at a weighted average price of $272.67, with prices ranging from $272.12 to $273.10. Additionally, 794 shares and 292 shares were sold at a price of $273.13, 408 shares at $273.14, and 2100 shares at a weighted average price of $273.48, where prices varied from $273.14 to $273.86. On May 13, Baker offloaded 4510 shares at a weighted average price of $272.54, with prices between $272.50 and $272.81, and another set of transactions involving 500 shares at $272.81 and 1600 shares at a weighted average price of $272.85, where prices ranged from $272.81 to $272.92.
After these transactions, Baker's direct holdings in Vulcan Materials have changed significantly. However, the filings also show that he still holds a substantial amount of stock indirectly, through trusts and other holdings.
Investors often monitor insider sales as they may provide insights into an executive's perspective on the company's current valuation or future prospects. The sale of stocks by Vulcan Materials' President is likely to be of interest to current and potential shareholders as they assess the company's performance and leadership's outlook.
Vulcan Materials Company (NYSE:VMC), headquartered in Birmingham, Alabama, is a major producer of construction aggregates—primarily crushed stone, sand, and gravel—and a producer of asphalt mix and ready-mixed concrete.
InvestingPro Insights
Vulcan Materials Co (NYSE:VMC) has demonstrated a robust financial performance with notable highlights in its real-time metrics. The company's market capitalization stands strong at $35.72 billion, reflecting its significant presence in the construction materials industry. Despite recent insider sales, Vulcan's financial health is underlined by a P/E ratio of 38.91, indicating investor confidence in its earnings potential. Additionally, the company's commitment to shareholder returns is evident, with a consistent track record of raising dividends, now for 10 consecutive years, and maintaining dividend payments for 54 consecutive years.
InvestingPro Tips shed light on Vulcan's stability and growth potential. The company boasts a perfect Piotroski Score of 9, suggesting high financial health, and its liquid assets surpassing short-term obligations, indicating a strong balance sheet. Vulcan's stock is also recognized for trading with low price volatility, which could be appealing for investors seeking a more stable investment amidst market fluctuations.
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