SunTrust Banks Weighs in on Vulcan Materials Company’s Q3 2017 Earnings (NYSE:VMC)

Vulcan Materials Company (NYSE:VMC) – Analysts at SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for shares of Vulcan Materials in a note issued to investors on Monday. SunTrust Banks analyst R. Seth now expects that the construction company will post earnings of $1.06 per share for the quarter, down from their prior estimate of $1.48. SunTrust Banks also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.88 EPS, FY2017 earnings at $3.19 EPS, Q2 2018 earnings at $1.36 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.19 EPS and FY2018 earnings at $4.70 EPS.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year.

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A number of other analysts have also issued reports on VMC. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a research note on Thursday, May 11th. Argus boosted their price objective on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.67.

Shares of Vulcan Materials (NYSE VMC) opened at 118.39 on Wednesday. The company’s 50-day moving average price is $126.55 and its 200 day moving average price is $124.11. Vulcan Materials has a 12-month low of $105.71 and a 12-month high of $138.18. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 38.12 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 32.36%.

In other Vulcan Materials news, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total transaction of $253,607.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 4,413 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the transaction, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The disclosure for this sale can be found here. Insiders have sold 6,743 shares of company stock worth $876,515 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Vulcan Materials by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 148,379 shares of the construction company’s stock valued at $18,570,000 after buying an additional 7,178 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Vulcan Materials by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,100 shares of the construction company’s stock valued at $13,867,000 after buying an additional 3,541 shares during the period. CENTRAL TRUST Co raised its position in shares of Vulcan Materials by 6.6% in the first quarter. CENTRAL TRUST Co now owns 2,568 shares of the construction company’s stock valued at $309,000 after buying an additional 160 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Vulcan Materials by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,338 shares of the construction company’s stock valued at $4,980,000 after buying an additional 500 shares during the period. Finally, National Pension Service raised its position in shares of Vulcan Materials by 8.4% in the first quarter. National Pension Service now owns 115,921 shares of the construction company’s stock valued at $13,643,000 after buying an additional 9,003 shares during the period. 85.60% of the stock is currently owned by institutional investors.

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).

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

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