Vulcan Materials Company (NYSE:VMC) – SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for Vulcan Materials in a report released on Monday. SunTrust Banks analyst R. Seth now anticipates that the construction company will post earnings of $0.84 per share for the quarter, down from their previous forecast of $1.06. SunTrust Banks also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.44 EPS.

Several other analysts also recently commented on VMC. BidaskClub downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Jefferies Group LLC set a $114.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Citigroup Inc reissued a “buy” rating and set a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. 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 stock presently has a consensus rating of “Hold” and an average target price of $137.57.

TRADEMARK VIOLATION WARNING: “SunTrust Banks Brokers Reduce Earnings Estimates for Vulcan Materials Company (VMC)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/26/suntrust-banks-brokers-reduce-earnings-estimates-for-vulcan-materials-company-vmc.html.

Vulcan Materials (NYSE VMC) opened at 122.33 on Thursday. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $138.18. The company’s 50 day moving average is $118.36 and its 200-day moving average is $122.45. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 39.39 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data 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). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eads & Heald Investment Counsel boosted its holdings in shares of Vulcan Materials by 0.8% during the 2nd quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock valued at $286,000 after acquiring an additional 17 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in shares of Vulcan Materials by 0.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock valued at $287,000 after acquiring an additional 17 shares during the last quarter. L & S Advisors Inc boosted its holdings in shares of Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock valued at $490,000 after acquiring an additional 25 shares during the last quarter. Calamos Wealth Management LLC boosted its holdings in shares of Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock valued at $1,333,000 after acquiring an additional 80 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Vulcan Materials by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 100 shares during the last quarter. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the sale, the insider now owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now directly owns 2,857 shares in the company, valued at approximately $347,154.07. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s payout ratio is presently 32.36%.

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)

Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with MarketBeat.com's FREE daily email newsletter.