Vulcan Materials Company (NYSE:VMC) – Stock analysts at SunTrust Banks cut their FY2017 earnings per share (EPS) estimates for shares of Vulcan Materials in a research report issued to clients and investors on Monday. SunTrust Banks analyst R. Seth now forecasts that the construction company will post earnings per share of $2.95 for the year, down from their prior estimate of $3.19. SunTrust Banks also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.87 EPS, Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $4.33 EPS, FY2019 earnings at $5.41 EPS and FY2020 earnings at $6.58 EPS.

VMC has been the subject of several other research reports. Bank of America Corporation reduced their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. BidaskClub lowered shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $122.00 price objective on shares of Vulcan Materials in a research note on Friday, October 13th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $137.57.

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Shares of Vulcan Materials (NYSE:VMC) opened at 123.76 on Wednesday. The stock’s 50 day moving average is $118.24 and its 200-day moving average is $122.45. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $138.18. The stock has a market cap of $16.37 billion, a PE ratio of 39.85 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Vulcan Materials’s payout ratio is 32.36%.

In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the transaction, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the transaction, the insider now owns 2,857 shares in the company, valued at approximately $347,154.07. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Sun Life Financial INC increased its stake in Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in Vulcan Materials by 25.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares in the last quarter. Korea Investment CORP increased its stake in Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares in the last quarter. Schroder Investment Management Group acquired a new position in Vulcan Materials during the 2nd quarter valued at approximately $187,000. Finally, Wetherby Asset Management Inc. acquired a new position in Vulcan Materials during the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 87.15% of the company’s stock.

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 and Estimates for Vulcan Materials (NYSE:VMC)

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