Vulcan Materials (NYSE:VMC) released its quarterly earnings results on Friday. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm had revenue of $977.50 million during the quarter, compared to the consensus estimate of $929.36 million. During the same quarter in the prior year, the firm earned $0.69 EPS. Vulcan Materials’s revenue for the quarter was up 12.0% on a year-over-year basis. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.
Vulcan Materials (NYSE:VMC) opened at $126.57 on Friday. 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 stock has a market cap of $16,743.31, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.84. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $141.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.28 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s payout ratio is currently 22.42%.
A number of institutional investors and hedge funds have recently made changes to their positions in VMC. Cerebellum GP LLC acquired a new position in Vulcan Materials in the 4th quarter valued at $133,000. Tower Research Capital LLC TRC increased its stake in Vulcan Materials by 1,140.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after buying an additional 1,334 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Vulcan Materials in the 4th quarter valued at $200,000. Dorsey & Whitney Trust CO LLC acquired a new position in Vulcan Materials in the 4th quarter valued at $205,000. Finally, Cetera Advisor Networks LLC acquired a new position in Vulcan Materials in the 4th quarter valued at $208,000. 88.78% of the stock is currently owned by institutional investors.
Several analysts recently commented on the stock. Citigroup upped their price target on shares of Vulcan Materials from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 21st. Jefferies Group reiterated a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a research report on Wednesday, January 17th. Stephens reiterated a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a research report on Wednesday, January 3rd. Finally, Bank of America upped their price target on shares of Vulcan Materials from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Buy” and an average target price of $146.00.
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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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