Wall Street analysts predict that Vulcan Materials (NYSE:VMC) will report sales of $1.38 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Vulcan Materials’ earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.34 billion. Vulcan Materials reported sales of $1.24 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that Vulcan Materials will report full year sales of $4.90 billion for the current year, with estimates ranging from $4.80 billion to $4.94 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.28 billion, with estimates ranging from $5.14 billion to $5.35 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS.
VMC has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Longbow Research boosted their target price on shares of Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Argus set a $152.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, July 26th. DA Davidson boosted their target price on shares of Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen 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 target price of $135.44.
In other news, VP Randy L. Pigg sold 1,754 shares of the company’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 sale, the vice president now directly owns 3,034 shares of the company’s stock, valued at approximately $409,468.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total transaction of $842,910.60. Following the completion of the sale, the insider now directly owns 53,813 shares in the company, valued at $7,307,805.40. The disclosure for this sale can be found here. Insiders sold a total of 9,287 shares of company stock worth $1,260,033 over the last ninety days. Insiders own 0.79% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. NuWave Investment Management LLC boosted its holdings in shares of Vulcan Materials by 809.5% in the 2nd quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of Vulcan Materials by 1,550.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock valued at $27,000 after purchasing an additional 186 shares during the period. FinTrust Capital Advisors LLC lifted its stake in shares of Vulcan Materials by 136.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 141 shares during the period. CSat Investment Advisory L.P. lifted its stake in shares of Vulcan Materials by 109.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock valued at $49,000 after purchasing an additional 187 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Vulcan Materials by 114.5% in the 1st quarter. Parallel Advisors LLC now owns 474 shares of the construction company’s stock valued at $56,000 after purchasing an additional 253 shares during the period. 95.84% of the stock is currently owned by institutional investors and hedge funds.
NYSE:VMC opened at $141.73 on Friday. The company has a market cap of $18.41 billion, a PE ratio of 35.00, a P/E/G ratio of 1.64 and a beta of 0.93. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $142.04. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $137.72 and its two-hundred day moving average is $125.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, August 20th. Vulcan Materials’s dividend payout ratio (DPR) is currently 30.62%.
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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