Vulcan Materials (VMC) Scheduled to Post Earnings on Thursday

Vulcan Materials (NYSE:VMC) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Vulcan Materials to post earnings of $0.91 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $256.40 on Thursday. The business’s 50-day simple moving average is $264.41 and its 200-day simple moving average is $234.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. Vulcan Materials has a 52 week low of $166.43 and a 52 week high of $276.58. The firm has a market cap of $33.91 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 1.85 and a beta of 0.83.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Insider Buying and Selling at Vulcan Materials

In other news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the sale, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the sale, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,017 shares of company stock worth $3,344,741. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Morgan Stanley assumed coverage on Vulcan Materials in a report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price target on the stock. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Finally, Citigroup boosted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $273.00.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.