Vulcan Materials (NYSE:VMC) posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm had revenue of $977.50 million during the quarter, compared to analyst estimates of $929.36 million. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.

Shares of Vulcan Materials (VMC) opened at $120.99 on Tuesday. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.80 and a current ratio of 2.66. The firm has a market capitalization of $16,000.00, a PE ratio of 55.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95.

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The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.28 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. Vulcan Materials’s dividend payout ratio (DPR) is presently 50.91%.

In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the sale, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $133,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 buying an additional 1,334 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $200,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $205,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Several research firms recently issued reports on VMC. Jefferies Group reissued a “hold” rating and set a $135.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 17th. Barclays began coverage on Vulcan Materials in a research note on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective for the company. SunTrust Banks set a $145.00 price objective on Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, Citigroup reissued a “buy” rating and set a $144.00 price objective on shares of Vulcan Materials in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $145.11.

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Vulcan Materials Company Profile

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).

Earnings History for Vulcan Materials (NYSE:VMC)

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