Vulcan Materials (NYSE:VMC) – Equities researchers at DA Davidson decreased their Q1 2018 EPS estimates for shares of Vulcan Materials in a research report issued to clients and investors on Thursday, April 5th. DA Davidson analyst B. Thielman now anticipates that the construction company will earn $0.27 per share for the quarter, down from their prior estimate of $0.39.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The company had revenue of $977.50 million during the quarter, compared to analysts’ expectations of $929.36 million. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue was up 12.0% on a year-over-year basis.
Several other research firms have also recently commented on VMC. Citigroup boosted their price target on shares of Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Sunday, January 21st. Jefferies Group reiterated a “hold” rating and set a $135.00 price target on shares of Vulcan Materials in a report on Wednesday, January 17th. Stephens reiterated a “buy” rating and set a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. Finally, Bank of America boosted their price objective on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $145.11.
NYSE VMC opened at $113.56 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. Vulcan Materials has a 52 week low of $109.96 and a 52 week high of $141.20. The company has a market cap of $15,499.12, a price-to-earnings ratio of 37.36, a PEG ratio of 1.27 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s payout ratio is currently 36.84%.
In other news, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. lifted its position in shares of Vulcan Materials by 52.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 244,279 shares of the construction company’s stock worth $31,357,000 after buying an additional 84,164 shares during the last quarter. AXA raised its position in Vulcan Materials by 46.3% in the 3rd quarter. AXA now owns 46,657 shares of the construction company’s stock valued at $5,580,000 after purchasing an additional 14,759 shares during the last quarter. Selz Capital LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at $17,972,000. Sei Investments Co. raised its position in Vulcan Materials by 33.3% in the 4th quarter. Sei Investments Co. now owns 96,548 shares of the construction company’s stock valued at $12,393,000 after purchasing an additional 24,130 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Vulcan Materials by 22.8% in the 4th quarter. Jennison Associates LLC now owns 731,273 shares of the construction company’s stock valued at $93,874,000 after purchasing an additional 135,860 shares during the last quarter. Institutional investors and hedge funds own 92.23% 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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