Vulcan Materials Company (VMC) To Go Ex-Dividend on August 13th

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, July 10th. Investors of record on Thursday, August 13th will be paid a dividend of 0.52 per share by the construction company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 13th.

Vulcan Materials has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Vulcan Materials has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $10.55 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.7%.

Vulcan Materials Trading Up 0.0%

Shares of NYSE VMC opened at $284.80 on Tuesday. Vulcan Materials has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The business’s 50 day moving average is $289.63 and its two-hundred day moving average is $288.93. The stock has a market capitalization of $36.90 billion, a P/E ratio of 33.62, a PEG ratio of 2.05 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business earned $2.42 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that Vulcan Materials will post 9.29 EPS for the current year.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada lifted their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, Stephens lifted their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $327.93.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.