Vulcan Materials (VMC) Set to Announce Quarterly Earnings on Thursday

Vulcan Materials (NYSE:VMC) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Vulcan Materials to post earnings of $0.91 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $1.08 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $256.40 on Thursday. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58. The company has a market cap of $33.91 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. The business’s 50 day moving average price is $264.41 and its 200 day moving average price is $234.20.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a $0.46 dividend. The ex-dividend date was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials’s payout ratio is presently 26.36%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 in the last ninety days. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of a number of research reports. Citigroup lifted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada boosted their target price on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. Morgan Stanley assumed coverage on Vulcan Materials in a research note on Monday, January 8th. They set an “equal weight” rating and a $208.00 target price for the company. The Goldman Sachs Group boosted their target price on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Truist Financial boosted their target price on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.