Vulcan Materials (VMC) Set to Announce Earnings on Thursday

Vulcan Materials (NYSE:VMC) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Vulcan Materials to post earnings of $0.91 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Vulcan Materials Trading Up 0.1 %

Vulcan Materials stock opened at $261.47 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The stock has a market cap of $34.58 billion, a PE ratio of 37.46, a P/E/G ratio of 1.89 and a beta of 0.83. The stock has a 50-day moving average price of $264.98 and a 200 day moving average price of $235.39. Vulcan Materials has a 52 week low of $174.17 and a 52 week high of $276.58.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio is presently 26.36%.

Insider Transactions at Vulcan Materials

In related news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the sale, the vice president now directly owns 1,896 shares in the company, valued at approximately $483,991.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock valued at $3,344,741 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 20th. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price target on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

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.