Vulcan Materials (NYSE:VMC) Announces Quarterly Earnings Results, Misses Estimates By $0.41 EPS

Vulcan Materials (NYSE:VMC) announced its quarterly earnings data on Tuesday. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41), FiscalAI reports. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion.

Vulcan Materials Trading Up 1.8%

Vulcan Materials stock opened at $327.59 on Tuesday. Vulcan Materials has a one year low of $215.08 and a one year high of $331.09. The company’s fifty day moving average price is $301.92 and its two-hundred day moving average price is $296.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.45 and a beta of 1.07.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 0.6%. Vulcan Materials’s dividend payout ratio (DPR) is currently 23.28%.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,800 shares of company stock worth $2,919,554. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the 3rd quarter worth $30,000. UMB Bank n.a. increased its stake in shares of Vulcan Materials by 30.4% in the fourth quarter. UMB Bank n.a. now owns 266 shares of the construction company’s stock worth $76,000 after purchasing an additional 62 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Vulcan Materials during the 3rd quarter worth about $95,000. Geneos Wealth Management Inc. boosted its stake in Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Vulcan Materials during the 2nd quarter valued at approximately $101,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VMC. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Royal Bank Of Canada decreased their target price on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. DA Davidson restated a “neutral” rating and set a $330.00 price target on shares of Vulcan Materials in a report on Wednesday, January 14th. Raymond James Financial increased their price objective on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their target price on Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $320.38.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.