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).
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