Q1 2018 EPS Estimates for Vulcan Materials Company (NYSE:VMC) Boosted by SunTrust Banks
Vulcan Materials Company (NYSE:VMC) – Stock analysts at SunTrust Banks raised their Q1 2018 EPS estimates for shares of Vulcan Materials in a report released on Monday. SunTrust Banks analyst R. Seth now anticipates that the construction company will earn $0.46 per share for the quarter, up from their prior forecast of $0.45. SunTrust Banks also issued estimates for Vulcan Materials’ FY2019 earnings at $5.86 EPS and FY2020 earnings at $7.02 EPS.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus upped their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub cut Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $139.67.
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Shares of Vulcan Materials (NYSE:VMC) traded down 0.88% during mid-day trading on Tuesday, hitting $119.76. 224,998 shares of the company were exchanged. Vulcan Materials has a 12-month low of $105.71 and a 12-month high of $138.18. The stock’s 50-day moving average price is $127.26 and its 200 day moving average price is $124.16. The stock has a market cap of $15.86 billion, a PE ratio of 38.56 and a beta of 0.93.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a $0.25 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. Vulcan Materials’s dividend payout ratio is 32.36%.
In other news, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares of the company’s stock, valued at $2,895,948. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now directly owns 5,292 shares of the company’s stock, valued at $698,544. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock valued at $876,515 over the last three months. 0.89% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its stake in Vulcan Materials by 1.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 307,293 shares of the construction company’s stock valued at $38,457,000 after buying an additional 3,598 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Vulcan Materials by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 148,379 shares of the construction company’s stock worth $18,570,000 after buying an additional 7,178 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Vulcan Materials by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,100 shares of the construction company’s stock worth $13,867,000 after buying an additional 3,541 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Vulcan Materials by 6.6% in the first quarter. CENTRAL TRUST Co now owns 2,568 shares of the construction company’s stock worth $309,000 after buying an additional 160 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Vulcan Materials by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,338 shares of the construction company’s stock worth $4,980,000 after buying an additional 500 shares during the last quarter. 85.60% of the stock is owned by institutional investors.
About Vulcan Materials
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).
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