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

Vulcan Materials (NYSE:VMC) posted its quarterly earnings data on Thursday. The construction company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.02, FiscalAI reports. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. Vulcan Materials’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.84 EPS.

Here are the key takeaways from Vulcan Materials’ conference call:

• Third-quarter adjusted EBITDA was $707 million, with adjusted margins expanding 20 basis points to 32.3%. Excluding approximately $40 million of energy headwinds and prior divestitures, underlying EBITDA grew 5% year over year.
• Aggregate shipments declined 3% year over year amid a muted demand environment, while energy costs are expected to create roughly $120 million of full-year headwinds. Residential construction remains constrained by weak affordability and elevated interest rates.
• Management maintained its outlook for approximately $2.4 billion of 2026 adjusted EBITDA, supported by pricing, cost controls, and an aggregates-led portfolio. Full-year aggregate unit margin is expected to expand despite higher diesel costs.
• Vulcan expects mid- to high-single-digit aggregate pricing growth in 2027, including the benefit of announced January increases, while public infrastructure and large private projects such as data centers, manufacturing, and energy developments support demand.
• The company closed multiple bolt-on aggregate acquisitions and expects several more by year-end, while maintaining substantial shareholder returns. Through nine months, Vulcan repurchased $750 million of stock, paid dividends, and ended the quarter with manageable net leverage of 1.9 times adjusted EBITDA.

Vulcan Materials Trading Up 5.7%

Shares of VMC stock traded up $15.23 during mid-day trading on Thursday, hitting $280.23. 2,832,423 shares of the company’s stock were exchanged, compared to its average volume of 1,177,489. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.68 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Vulcan Materials has a fifty-two week low of $237.03 and a fifty-two week high of $331.09. The stock has a 50-day simple moving average of $255.48 and a two-hundred day simple moving average of $280.70.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, November 9th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, November 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. DA Davidson restated a “buy” rating and set a $330.00 price objective on shares of Vulcan Materials in a research report on Monday, September 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vulcan Materials in a report on Monday, September 21st. Stifel Nicolaus dropped their price target on shares of Vulcan Materials from $333.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday. Raymond James Financial cut their price target on shares of Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, Wells Fargo & Company cut their price target on shares of Vulcan Materials from $254.00 to $249.00 and set an “underweight” rating for the company in a report on Monday, October 5th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $309.86.

Key Headlines Impacting Vulcan Materials

Here are the key news stories impacting Vulcan Materials this week:

• Positive Sentiment: Vulcan reported third-quarter adjusted EPS of $2.83, narrowly exceeding analyst expectations. Management highlighted operational efficiencies, pricing discipline and margin resilience in its aggregates-led business. Vulcan Materials Surpasses Q3 Earnings Estimates
• Positive Sentiment: Management reaffirmed an approximately $2.4 billion adjusted EBITDA target for 2026 and said it expects to return to earnings growth in 2027, supporting confidence that current headwinds may be temporary. Vulcan Materials Q3 2026 Earnings Call Transcript
• Positive Sentiment: Vulcan returned $417 million to shareholders during the quarter through $350 million of repurchases and $67 million in dividends. It also completed bolt-on acquisitions in Tennessee and southern Ohio, expanding its footprint in targeted markets. Vulcan Reports Third Quarter 2026 Results
• Neutral Sentiment: Aggregates shipments declined 3% year over year, but freight-adjusted selling prices increased 5% on a mix-adjusted basis, showing pricing power is partly offsetting weaker volumes and cost pressures. Vulcan Reports Third-Quarter Revenue for 2026
• Negative Sentiment: Revenue of approximately $2.18 billion missed the $2.24 billion consensus estimate and fell 4.7% from the prior year. Net earnings also declined, while lower shipments and reduced 2026 EBITDA guidance weighed on some investors. Vulcan Materials Q3 Earnings Beat Estimates, Revenues Miss
• Negative Sentiment: Stifel lowered its price target from $333 to $320, while another recent report assigned Vulcan a sell rating, adding caution around valuation and near-term construction demand. Stifel Lowers Vulcan Materials Price Target

Insider Activity

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. The trade was a 22.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is owned by insiders.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.