Zacks Research Issues Pessimistic Estimate for VMC Earnings

Vulcan Materials (NYSE:VMC) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of Vulcan Materials in a report released on Wednesday, November 20th. Zacks Research analyst A. Gupta now forecasts that the construction company will earn $7.09 per share for the year, down from their previous estimate of $7.45. The consensus estimate for Vulcan Materials’ current full-year earnings is $7.20 per share. Zacks Research also issued estimates for Vulcan Materials’ Q4 2024 earnings at $1.72 EPS, Q2 2025 earnings at $2.91 EPS, Q3 2025 earnings at $2.75 EPS, Q4 2025 earnings at $2.10 EPS and FY2025 earnings at $8.73 EPS.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the company posted $2.29 earnings per share.

A number of other equities analysts have also recently weighed in on VMC. UBS Group assumed coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Stephens dropped their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada dropped their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Trading Up 1.2 %

Shares of Vulcan Materials stock opened at $281.18 on Friday. The firm has a 50-day simple moving average of $260.31 and a two-hundred day simple moving average of $254.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a fifty-two week low of $209.60 and a fifty-two week high of $298.31. The company has a market cap of $37.13 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Institutional Trading of Vulcan Materials

Several large investors have recently added to or reduced their stakes in the stock. SouthState Corp boosted its position in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials in the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.