Vulcan Materials (NYSE:VMC) – Equities research analysts at SunTrust Banks decreased their FY2018 EPS estimates for Vulcan Materials in a research note issued on Tuesday, October 30th. SunTrust Banks analyst R. Seth now anticipates that the construction company will earn $3.98 per share for the year, down from their prior forecast of $4.04. SunTrust Banks also issued estimates for Vulcan Materials’ Q4 2018 earnings at $0.91 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.61 EPS and Q4 2019 earnings at $1.12 EPS.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “buy” rating and set a $138.00 price objective on the stock in a report on Tuesday, July 24th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a report on Wednesday, August 1st. Argus cut their price objective on shares of Vulcan Materials to $122.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Stephens set a $125.00 price objective on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, Barclays restated a “buy” rating and issued a $132.00 price objective on shares of Vulcan Materials in a report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $121.45.
Shares of VMC opened at $102.75 on Thursday. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 1.70. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $141.20.
Large investors have recently bought and sold shares of the company. Arlington Partners LLC purchased a new stake in shares of Vulcan Materials during the third quarter valued at approximately $111,000. JNBA Financial Advisors purchased a new stake in shares of Vulcan Materials during the third quarter valued at approximately $111,000. Mount Yale Investment Advisors LLC grew its holdings in shares of Vulcan Materials by 90.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock valued at $124,000 after buying an additional 455 shares during the last quarter. Smithfield Trust Co. grew its holdings in shares of Vulcan Materials by 160.5% during the second quarter. Smithfield Trust Co. now owns 1,201 shares of the construction company’s stock valued at $155,000 after buying an additional 740 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $194,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, November 20th. Vulcan Materials’s payout ratio is 36.84%.
Vulcan Materials Company Profile
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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