Vulcan Materials (NYSE:VMC) – Analysts at Jefferies Financial Group issued their Q2 2020 earnings estimates for shares of Vulcan Materials in a report issued on Wednesday, October 9th. Jefferies Financial Group analyst P. Ng expects that the construction company will post earnings per share of $1.78 for the quarter. Jefferies Financial Group also issued estimates for Vulcan Materials’ Q3 2020 earnings at $2.02 EPS and Q4 2020 earnings at $1.45 EPS.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.
VMC has been the subject of several other research reports. Barclays upped their price target on shares of Vulcan Materials from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. ValuEngine downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nomura upped their price target on shares of Vulcan Materials from $165.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Exane BNP Paribas began coverage on shares of Vulcan Materials in a research report on Wednesday. They set an “underperform” rating for the company. Finally, Stifel Nicolaus upped their price target on shares of Vulcan Materials from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $143.00.
VMC opened at $147.44 on Thursday. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $152.49. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $145.80 and a 200 day moving average price of $134.45. The company has a market cap of $19.49 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.
Hedge funds have recently added to or reduced their stakes in the business. Brookfield Asset Management Inc. acquired a new stake in Vulcan Materials in the 2nd quarter valued at about $3,089,000. Horizon Investments LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $266,000. Convergence Investment Partners LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $633,000. FMR LLC increased its holdings in shares of Vulcan Materials by 6.7% during the 1st quarter. FMR LLC now owns 1,041,382 shares of the construction company’s stock worth $123,300,000 after buying an additional 65,399 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Vulcan Materials by 6.1% during the 2nd quarter. Bank of Montreal Can now owns 56,257 shares of the construction company’s stock worth $7,725,000 after buying an additional 3,258 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.
In other Vulcan Materials news, insider Stanley G. Bass sold 2,184 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $149.93, for a total value of $327,447.12. Following the completion of the sale, the insider now owns 35,263 shares in the company, valued at approximately $5,286,981.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 6,207 shares of the stock in a transaction dated 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 owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,797 shares of company stock valued at $1,511,865. 0.79% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Tuesday, November 19th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials’s payout ratio is 30.62%.
Vulcan Materials Company Profile
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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