Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, July 12th, RTT News reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.31 per share by the construction company on Friday, September 6th. This represents a $1.24 dividend on an annualized basis and a yield of 0.91%.
Vulcan Materials has increased its dividend payment by an average of 40.9% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Vulcan Materials has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vulcan Materials to earn $5.75 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.6%.
Shares of VMC stock traded down $1.02 during trading hours on Friday, hitting $135.79. 845,265 shares of the company were exchanged, compared to its average volume of 1,096,225. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.62 and a beta of 0.93. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $140.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64. The company’s 50 day simple moving average is $133.04.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $996.50 million during the quarter, compared to the consensus estimate of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, analysts anticipate that Vulcan Materials will post 4.83 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,620 ($47.30) price objective on shares of Bellway in a research report on Wednesday, April 3rd. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. downgraded shares of VESTAS WIND SYS/ADR from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 21st. DA Davidson reduced their price target on shares of Cloudera to $9.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $127.93.
In other Vulcan Materials news, insider Michael R. Mills sold 1,326 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the transaction, the insider now directly owns 51,713 shares in the company, valued at approximately $7,035,553.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Randy L. Pigg sold 1,754 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $134.96, for a total value of $236,719.84. Following the transaction, the vice president now owns 3,034 shares in the company, valued at $409,468.64. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.
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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