Vulcan Materials (VMC) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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%.

In other news, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

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).

Earnings History for Vulcan Materials (NYSE:VMC)

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