Analysts forecast that Vulcan Materials (NYSE:VMC) will post earnings of $1.70 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Vulcan Materials’ earnings, with estimates ranging from $1.66 to $1.76. Vulcan Materials posted earnings per share of $1.40 during the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Vulcan Materials will report full-year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.77 to $4.90. For the next fiscal year, analysts forecast that the firm will report earnings of $5.70 per share, with EPS estimates ranging from $5.51 to $6.01. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS.
Several research firms have commented on VMC. ValuEngine downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Argus set a $152.00 price objective on Vulcan Materials and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays reaffirmed a “buy” rating and set a $140.00 price objective on shares of Vulcan Materials in a research note on Monday, July 15th. SunTrust Banks upped their price objective on Vulcan Materials to $145.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $135.44.
In related news, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total value of $842,910.60. Following the completion of the sale, the insider now directly owns 53,813 shares in the company, valued at $7,307,805.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 1,326 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the completion of the sale, the insider now owns 51,713 shares of the company’s stock, valued at $7,035,553.65. The disclosure for this sale can be found here. Insiders sold 9,287 shares of company stock valued at $1,260,033 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in VMC. Comerica Securities Inc. bought a new position in Vulcan Materials in the fourth quarter valued at approximately $552,000. Dimensional Fund Advisors LP grew its position in shares of Vulcan Materials by 21.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,237 shares of the construction company’s stock valued at $122,725,000 after acquiring an additional 220,170 shares during the period. Geode Capital Management LLC grew its position in shares of Vulcan Materials by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,644,403 shares of the construction company’s stock valued at $162,171,000 after acquiring an additional 129,134 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Vulcan Materials by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the construction company’s stock valued at $829,000 after acquiring an additional 100 shares during the period. Finally, Retirement Systems of Alabama grew its position in shares of Vulcan Materials by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 61,387 shares of the construction company’s stock valued at $7,268,000 after acquiring an additional 391 shares during the period. 95.62% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE VMC traded down $2.91 during trading hours on Friday, reaching $140.46. The stock had a trading volume of 397,027 shares, compared to its average volume of 1,051,596. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $144.23. The firm has a 50-day moving average of $138.31 and a 200-day moving average of $125.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Wednesday, August 21st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, August 20th. Vulcan Materials’s dividend payout ratio is presently 30.62%.
About Vulcan Materials
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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