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On June 10, 2024, David Clement, Senior Vice President of Vulcan Materials Co (NYSE:VMC), sold 1,000 shares of the company’s stock. The transaction was carried out at a price of $249.5 per share, as detailed in the SEC filing. Following this transaction, the insider now owns 560.04 shares of Vulcan Materials Co.

Vulcan Materials Co, a major producer of construction aggregates, primarily crushed stone, sand and gravel, is also a major producer of aggregate-based building materials, including asphalt and ready-mix concrete. The company has a strong presence in the United States and supplies key materials for various construction projects.

Over the past year, David Clement has sold a total of 6,370 shares and purchased no shares of the company. This latest transaction continues a trend seen throughout the company. Over the past year, there have been a total of 12 insider sales and no insider purchases.

Vulcan Materials Co shares were trading at $249.5 on the day of the sale. This price gives the company a market capitalization of approximately $32.35 billion. The company’s price-to-earnings ratio is 35.71, which is higher than the industry average of 16.56.

According to GF Value, Vulcan Materials Co’s intrinsic value is estimated at $226.16 per share, which fairly values ​​the stock at a price-to-GF Value ratio of 1.1. GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.

Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)

Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)

Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)

Insider sale: Senior Vice President David Clement sells shares of Vulcan Materials Co (VMC)

This insider sale may be of interest to investors tracking ownership changes and evaluating the company’s current stock valuation relative to its historical performance and future growth expectations.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned here.

This article first appeared on GuruFocus.

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