Vulcan Materials Company Declares Quarterly Dividend of $0.05 (VMC)
Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, May 9th, Analyst Ratings News reports. Shareholders of record on Tuesday, May 27th will be paid a dividend of 0.05 per share on Tuesday, June 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.33%.
A number of analysts have recently weighed in on VMC shares. Analysts at Zacks reiterated an “outperform” rating on shares of Vulcan Materials Company in a research note on Wednesday. They now have a $76.00 price target on the stock. On a related note, analysts at RBC Capital cut their price target on shares of Vulcan Materials Company from $76.00 to $74.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Vulcan Materials Company in a research note on Monday, April 28th. They set a “hold” rating and a $69.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.43.
Vulcan Materials Company (NYSE:VMC) traded down 1.87% on Friday, hitting $59.96. The stock had a trading volume of 942,931 shares. Vulcan Materials Company has a one year low of $46.21 and a one year high of $69.50. The stock has a 50-day moving average of $64.73 and a 200-day moving average of $61.11. The company has a market cap of $7.843 billion and a price-to-earnings ratio of 60.74.
Vulcan Materials Company (NYSE:VMC) last released its earnings data on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.33) by $0.74. The company had revenue of $548.50 million for the quarter, compared to the consensus estimate of $576.90 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Vulcan Materials Company will post $0.87 EPS for the current fiscal year.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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