Vulcan Materials (NYSE:VMC) issued its earnings results on Friday. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. The business had revenue of $977.50 million for the quarter, compared to analyst estimates of $929.36 million. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. Vulcan Materials’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.
Vulcan Materials (NYSE:VMC) traded down $6.90 during trading on Friday, hitting $126.57. 3,210,674 shares of the company’s stock were exchanged, compared to its average volume of 1,629,803. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The company has a market capitalization 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. 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 firm 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 represents a $1.12 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 22.42%.
Hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $133,000. Tower Research Capital LLC TRC raised its holdings in shares of Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after purchasing an additional 1,334 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $200,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $205,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $208,000. Institutional investors own 88.78% of the company’s stock.
Several research analysts recently issued reports on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday. Stephens reissued a “buy” rating and set a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Citigroup reissued a “buy” rating and set a $144.00 target price on shares of Vulcan Materials in a research note on Tuesday, December 26th. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $135.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Vulcan Materials has an average rating of “Buy” and a consensus price target of $146.00.
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Vulcan Materials Company Profile
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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