Vulcan Materials (NYSE:VMC) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $4.00-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.32.
Several equities analysts have commented on the stock. Jefferies Group reissued a hold rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. Barclays assumed coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an overweight rating and a $135.00 target price on the stock. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the stock a buy rating in a research report on Saturday, December 16th. Zacks Investment Research raised shares of Vulcan Materials from a strong sell rating to a hold rating in a research report on Sunday, January 21st. Finally, Citigroup reissued a buy rating and set a $144.00 target price on shares of Vulcan Materials in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $146.00.
Vulcan Materials (NYSE:VMC) traded down $4.72 during trading on Friday, reaching $128.75. 1,697,798 shares of the company’s stock traded hands, compared to its average volume of 1,526,140. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The firm has a market capitalization of $16,720.00, a P/E ratio of 44.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $141.20.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The firm had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. equities research analysts forecast that Vulcan Materials will post 3.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.28 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.13%.
In other news, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
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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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