Vulcan Materials (NYSE:VMC) Announces Earnings Results

Vulcan Materials (NYSE:VMC) posted its quarterly earnings data on Thursday. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.02, FiscalAI reports. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous 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 Price Performance

Shares of VMC stock traded up $1.28 on Friday, hitting $281.59. 1,509,004 shares of the company’s stock were exchanged, compared to its average volume of 1,246,082. The stock has a market cap of $36.49 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.20. Vulcan Materials has a 12 month low of $237.03 and a 12 month high of $331.09. The company has a 50 day moving average of $255.77 and a 200 day moving average of $280.40.

Vulcan Materials Dividend Announcement

The firm also recently disclosed 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. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 9th. Vulcan Materials’s dividend payout ratio is currently 24.62%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Vulcan Materials from $249.00 to $253.00 and gave the stock an “underweight” rating in a research report on Friday. DA Davidson upped their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. UBS Group reduced their price objective on shares of Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Jefferies Financial Group decreased their target price on shares of Vulcan Materials from $345.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $308.78.

Insider Activity at Vulcan Materials

In related news, SVP David Clement sold 2,000 shares of Vulcan Materials 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 sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J. Hill sold 14,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.65% of the company’s stock.

Vulcan Materials News Roundup

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

• Positive Sentiment: Q3 earnings beat estimates: Vulcan reported adjusted EPS of $2.83, narrowly above the $2.81 consensus. Management also highlighted pricing strength, operational efficiencies and an approximately $2.4 billion 2026 adjusted EBITDA target. Vulcan Reports Third Quarter 2026 Results
• Positive Sentiment: Forward outlook and capital returns supported sentiment: Vulcan said it is targeting earnings growth again in 2027, expanded through acquisitions in Tennessee and southern Ohio, and returned $417 million to shareholders through buybacks and dividends. Vulcan outlook analysis
• Positive Sentiment: D.A. Davidson became more bullish: The firm raised its price target from $315 to $330 and assigned a “buy” rating, implying meaningful upside from recent trading levels.
• Neutral Sentiment: Analyst views remain divided: RBC raised its target slightly to $257 while maintaining “sector perform,” and BNP Paribas reduced its target to $281. The mixed recommendations may limit the impact of the bullish target increase.
• Negative Sentiment: Revenue and volumes weakened: Third-quarter revenue fell about 4.7% year over year to roughly $2.19 billion, below the $2.24 billion consensus, while aggregates shipments declined 3%. Lower 2026 EBITDA guidance and cautious forecasts from Wells Fargo and Stifel remain overhangs. Vulcan Q3 earnings report
• Negative Sentiment: Wells Fargo maintained a cautious stance: Although it raised its target from $249 to $253, it kept an “underweight” rating, indicating its view that the stock is priced above fundamental value.

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.