Vulcan Materials Company (NYSE:VMC) issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.36), Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.01 EPS. Vulcan Materials’s revenue was up 8.6% compared to the same quarter last year.
Shares of Vulcan Materials (NYSE VMC) opened at $124.09 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $16,414.58, a PE ratio of 41.78, a P/E/G ratio of 2.42 and a beta of 0.86. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $136.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.97%.
In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
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A number of equities research analysts recently issued reports on VMC shares. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC increased their price target on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. BidaskClub cut shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Bank of America Corporation lowered their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Vulcan Materials currently has an average rating of “Hold” and a consensus price target of $140.00.
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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