Vulcan Materials Company (NYSE:VMC) issued its earnings results on Thursday. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36), Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $1.01 EPS. Vulcan Materials’s quarterly revenue was up 8.6% compared to the same quarter last year.

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

A number of equities analysts have weighed in on VMC shares. BidaskClub lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Thursday, August 3rd. Jefferies Group LLC set a $114.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $139.00.

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

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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).

Earnings History for Vulcan Materials (NYSE:VMC)

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