Vulcan Materials (NYSE:VMC) Announces Quarterly Earnings Results

Vulcan Materials (NYSE:VMC) announced its quarterly earnings data on Tuesday. The construction company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.12), Briefing.com reports. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $2.29 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year.

Vulcan Materials Stock Up 2.1 %

Vulcan Materials stock traded up $5.11 during trading hours on Thursday, reaching $246.33. The stock had a trading volume of 1,137,726 shares, compared to its average volume of 797,849. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.05 and a beta of 0.82. The business’s 50 day moving average price is $252.56 and its 200-day moving average price is $255.77. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.81.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VMC. Jefferies Financial Group lifted their price objective on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Citigroup dropped their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial reduced their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday. Loop Capital dropped their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Finally, Stephens reduced their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Insider Activity

In related news, President Thompson S. Baker II sold 6,610 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the completion of the sale, the president now owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the sale, the president now owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,210 shares of company stock worth $4,653,520. Corporate insiders own 0.62% of the company’s stock.

About Vulcan Materials

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.