Q3 2017 EPS Estimates for Vulcan Materials Company Cut by Analyst (VMC)

Vulcan Materials Company (NYSE:VMC) – Analysts at SunTrust Banks decreased their Q3 2017 EPS estimates for Vulcan Materials in a research note issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst R. Seth now expects that the construction company will post earnings per share of $0.84 for the quarter, down from their prior estimate of $1.06. SunTrust Banks also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.44 EPS.

A number of other equities analysts have also recently commented on VMC. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Jefferies Group LLC boosted their price target on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Tuesday, October 10th. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $140.00.

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Vulcan Materials (NYSE:VMC) traded down $0.59 during mid-day trading on Thursday, reaching $124.09. 991,000 shares of the company’s stock were exchanged, compared to its average volume of 1,275,412. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The stock has a market cap of $16,493.23, a PE ratio of 41.98, a PEG ratio of 2.43 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $1.01 EPS. Vulcan Materials’s revenue was up 8.6% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the stock. Eads & Heald Investment Counsel raised its holdings in Vulcan Materials by 0.8% during the 2nd quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock valued at $286,000 after buying an additional 17 shares during the last quarter. Traynor Capital Management Inc. raised its holdings in Vulcan Materials by 0.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock valued at $287,000 after buying an additional 17 shares during the last quarter. L & S Advisors Inc raised its holdings in Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock valued at $490,000 after buying an additional 25 shares during the last quarter. Calamos Wealth Management LLC raised its holdings in Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock valued at $1,333,000 after buying an additional 80 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Vulcan Materials by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company’s stock valued at $1,039,000 after buying an additional 100 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials’s payout ratio is 34.97%.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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