Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, July 12th, RTT News reports. Investors of record on Wednesday, August 21st will be paid a dividend of 0.31 per share by the construction company on Friday, September 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, August 20th.
Vulcan Materials has raised its dividend payment by an average of 40.9% per year over the last three years and has increased its dividend every year for the last 5 years. Vulcan Materials has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $5.75 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.6%.
Shares of VMC stock opened at $141.73 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.89. Vulcan Materials has a 52-week low of $82.52 and a 52-week high of $142.04. The company has a market capitalization of $18.37 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93. The business’s fifty day moving average is $137.72 and its 200 day moving average is $125.11.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $1.23 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Vulcan Materials will post 4.85 EPS for the current fiscal year.
In other news, VP Randy L. Pigg sold 1,754 shares of Vulcan Materials stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $134.96, for a total value of $236,719.84. Following the transaction, the vice president now owns 3,034 shares in the company, valued at $409,468.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stanley G. Bass sold 6,207 shares of Vulcan Materials stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the completion of the transaction, the insider now owns 53,813 shares in the company, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. Insiders have sold 9,287 shares of company stock worth $1,260,033 in the last 90 days. Company insiders own 0.79% of the company’s stock.
A number of equities research analysts recently issued reports on VMC shares. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research report on Thursday, May 9th. Argus set a $152.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a $142.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson increased their price objective on Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $135.44.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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