Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, July 12th, RTT News reports. Investors 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 raised its dividend by an average of 40.9% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Vulcan Materials has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities 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%.
NYSE:VMC traded down $1.02 during mid-day trading on Friday, reaching $135.79. The stock had a trading volume of 845,265 shares, compared to its average volume of 1,096,225. The company has a 50 day moving average price of $133.04. The company has a market capitalization of $18.01 billion, a PE ratio of 33.53, a P/E/G ratio of 1.62 and a beta of 0.93. Vulcan Materials has a one year low of $82.52 and a one year high of $140.00. The company has a quick ratio of 0.99, a current ratio of 1.64 and a debt-to-equity ratio of 0.61.
Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 10.60% and a net margin of 11.63%. Vulcan Materials’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Equities research analysts anticipate that Vulcan Materials will post 4.83 earnings per share for the current year.
In other Vulcan Materials news, VP Randy L. Pigg sold 1,754 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $134.96, for a total value of $236,719.84. Following the completion of the sale, the vice president now owns 3,034 shares in the company, valued at $409,468.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael R. Mills sold 1,326 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $136.05, for a total value of $180,402.30. Following the completion of the sale, the insider now owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
A number of research firms recently weighed in on VMC. JPMorgan Chase & Co. downgraded VESTAS WIND SYS/ADR from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 21st. Berenberg Bank restated a “buy” rating and issued a GBX 3,620 ($47.30) target price on shares of Bellway in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Stifel Nicolaus set a $27.00 target price on Amarin and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Vulcan Materials currently has a consensus rating of “Buy” and a consensus target price of $127.93.
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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