Vulcan Materials (NYSE:VMC) declared a quarterly dividend on Friday, October 12th, RTT News reports. Investors of record on Wednesday, November 21st will be given a dividend of 0.28 per share by the construction company on Friday, December 7th. This represents a $1.12 annualized dividend and a yield of 1.11%.
Vulcan Materials has increased its dividend payment by an average of 65.7% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Vulcan Materials has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 20.8%.
Vulcan Materials stock traded up $0.62 during midday trading on Friday, hitting $100.99. 2,072,952 shares of the company’s stock were exchanged, compared to its average volume of 1,330,388. Vulcan Materials has a 52-week low of $98.70 and a 52-week high of $141.20. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.05 and a beta of 0.93.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, July 31st. The construction company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Vulcan Materials’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that Vulcan Materials will post 4.31 earnings per share for the current year.
Several equities analysts recently commented on the company. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Friday. ValuEngine upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. DA Davidson set a $118.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Thursday. Argus cut their price objective on Vulcan Materials to $122.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, Bank of America cut their price objective on Vulcan Materials from $128.00 to $120.00 and set a “hold” rating for the company in a report on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $129.00.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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