Vulcan Materials Company (VMC) Declares Quarterly Dividend of $0.06
Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, July 11th, AR Network reports. Shareholders of record on Wednesday, August 27th will be given a dividend of 0.06 per share on Wednesday, September 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%.
A number of analysts have recently weighed in on VMC shares. Analysts at Zacks downgraded shares of Vulcan Materials Company from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $68.00 price target on the stock. Finally, 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, May 7th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Vulcan Materials Company presently has a consensus rating of “Hold” and a consensus target price of $61.29.
Shares of Vulcan Materials Company (NYSE:VMC) traded up 0.50% on Friday, hitting $64.82. The stock had a trading volume of 203,744 shares. Vulcan Materials Company has a 52 week low of $46.50 and a 52 week high of $69.50. The stock has a 50-day moving average of $63.33 and a 200-day moving average of $63.37. The company has a market cap of $8.479 billion and a price-to-earnings ratio of 64.12.
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 $0.88 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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