Vulcan Materials (NYSE:VMC) issued its earnings results on Friday. The construction company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $977.50 million during the quarter, compared to the consensus estimate of $929.36 million. During the same period in the previous year, the firm posted $0.69 earnings per share. Vulcan Materials’s quarterly revenue was up 12.0% compared to the same quarter last year. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.
Shares of Vulcan Materials (VMC) traded down $6.90 during trading hours on Friday, reaching $126.57. 3,210,674 shares of the company’s stock traded hands, compared to its average volume of 1,629,803. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $141.20. The firm has a market cap of $16,743.31, a P/E ratio of 28.38, a P/E/G ratio of 1.77 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.28 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s payout ratio is 22.42%.
Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $133,000. Tower Research Capital LLC TRC boosted its holdings in 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 worth $187,000 after purchasing an additional 1,334 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Vulcan Materials during the fourth quarter valued at about $200,000. Dorsey & Whitney Trust CO LLC bought a new stake in Vulcan Materials during the fourth quarter valued at about $205,000. Finally, Cetera Advisor Networks LLC bought a new stake in Vulcan Materials during the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
VMC has been the subject of a number of research reports. Jefferies Group lifted their target price on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup reaffirmed a “buy” rating and issued a $144.00 price target on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Vulcan Materials presently has an average rating of “Buy” and a consensus price target of $146.00.
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About Vulcan Materials
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).
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