Brokerages expect that Vulcan Materials (NYSE:VMC) will report sales of $1.31 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Vulcan Materials’ earnings, with the lowest sales estimate coming in at $1.29 billion and the highest estimate coming in at $1.34 billion. Vulcan Materials posted sales of $1.20 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Vulcan Materials will report full year sales of $4.86 billion for the current year, with estimates ranging from $4.77 billion to $4.94 billion. For the next year, analysts anticipate that the firm will post sales of $5.24 billion, with estimates ranging from $5.14 billion to $5.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The company had revenue of $996.50 million for the quarter, compared to analysts’ expectations of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The business’s 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.
Shares of VMC traded down $0.17 during mid-day trading on Tuesday, hitting $132.05. The company’s stock had a trading volume of 23,500 shares, compared to its average volume of 941,986. The stock has a market capitalization of $17.28 billion, a P/E ratio of 32.48, a P/E/G ratio of 1.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.64 and a quick ratio of 0.99. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $136.45.
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is currently 30.62%.
In related news, insider Michael R. Mills sold 1,326 shares of the firm’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 transaction of $180,402.30. Following the completion of the sale, the insider now directly owns 51,713 shares in the company, valued at $7,035,553.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Randy L. Pigg sold 1,754 shares of the firm’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 transaction of $236,719.84. Following the sale, the vice president now owns 3,034 shares of the company’s stock, valued at $409,468.64. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Vulcan Materials by 9.7% during the fourth quarter. Legal & General Group Plc now owns 648,377 shares of the construction company’s stock worth $64,060,000 after purchasing an additional 57,211 shares during the period. Centre Asset Management LLC boosted its holdings in shares of Vulcan Materials by 3.5% during the first quarter. Centre Asset Management LLC now owns 48,930 shares of the construction company’s stock worth $5,793,000 after purchasing an additional 1,640 shares during the period. Sound View Wealth Advisors LLC boosted its holdings in shares of Vulcan Materials by 8.6% during the first quarter. Sound View Wealth Advisors LLC now owns 2,720 shares of the construction company’s stock worth $322,000 after purchasing an additional 215 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Vulcan Materials by 36.6% during the fourth quarter. Standard Life Aberdeen plc now owns 47,555 shares of the construction company’s stock worth $4,671,000 after purchasing an additional 12,732 shares during the period. Finally, Ceredex Value Advisors LLC lifted its stake in Vulcan Materials by 9.9% in the fourth quarter. Ceredex Value Advisors LLC now owns 799,136 shares of the construction company’s stock valued at $78,955,000 after acquiring an additional 71,683 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
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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