Vulcan Materials Company (NYSE:VMC) Stock to Pay Quarterly Dividend of $0.52

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, October 9th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.52 per share by the construction company on Tuesday, November 24th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, November 9th.

Vulcan Materials has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Vulcan Materials has a payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $10.15 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 20.5%.

Vulcan Materials Price Performance

Shares of VMC stock opened at $283.23 on Friday. The firm has a market cap of $36.35 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 3.00 and a beta of 0.99. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $257.12 and a 200 day moving average price of $280.04. Vulcan Materials has a 12 month low of $237.03 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $2.84 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Vulcan Materials will post 8.89 EPS for the current year.

Insider Activity at Vulcan Materials

In other news, Director J. Hill sold 28,000 shares of Vulcan Materials stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total transaction of $7,991,200.00. Following the sale, the director directly owned 30,209 shares of the company’s stock, valued at approximately $8,621,648.60. The trade was a 48.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vulcan Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in VMC. BlackRock Inc. purchased a new stake in Vulcan Materials during the 2nd quarter valued at $2,868,444,000. Bank of America Corp DE acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth $688,580,000. The Manufacturers Life Insurance Company acquired a new stake in Vulcan Materials during the second quarter worth about $451,119,000. Stockbridge Partners LLC acquired a new position in Vulcan Materials during the 2nd quarter worth $314,470,000. Finally, Veritas Asset Management LLP bought a new position in Vulcan Materials during the second quarter valued at approximately $306,641,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Company Profile