Zacks Research Research Analysts Increase Earnings Estimates for Vulcan Materials (NYSE:VMC)

Vulcan Materials (NYSE:VMC) – Zacks Research lifted their Q2 2024 earnings estimates for Vulcan Materials in a research note issued on Thursday, May 23rd. Zacks Research analyst A. Gupta now expects that the construction company will earn $2.74 per share for the quarter, up from their previous forecast of $2.67. The consensus estimate for Vulcan Materials’ current full-year earnings is $8.54 per share. Zacks Research also issued estimates for Vulcan Materials’ Q3 2024 earnings at $2.85 EPS, Q4 2024 earnings at $2.07 EPS, FY2024 earnings at $8.46 EPS, Q2 2025 earnings at $2.96 EPS, Q3 2025 earnings at $3.00 EPS, Q4 2025 earnings at $2.47 EPS, FY2025 earnings at $9.57 EPS and FY2026 earnings at $10.09 EPS.

A number of other research firms have also recently commented on VMC. Royal Bank of Canada increased their target price on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. The Goldman Sachs Group increased their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Vulcan Materials Stock Up 0.8 %

VMC stock opened at $259.25 on Friday. The stock has a market capitalization of $34.29 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58. The firm has a 50-day moving average price of $264.98 and a 200-day moving average price of $243.18.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $0.95 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Institutional Trading of Vulcan Materials

Several large investors have recently modified their holdings of VMC. Duality Advisers LP acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $259,000. US Bancorp DE grew its position in shares of Vulcan Materials by 6.4% during the 3rd quarter. US Bancorp DE now owns 66,740 shares of the construction company’s stock worth $13,483,000 after buying an additional 4,022 shares during the period. Signaturefd LLC grew its position in shares of Vulcan Materials by 3.7% during the 3rd quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock worth $303,000 after buying an additional 54 shares during the period. Syon Capital LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $391,000. Finally, NBC Securities Inc. acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $430,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,610 shares of company stock valued at $5,324,432. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 23rd. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Vulcan Materials Company Profile

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.