Vulcan Materials (NYSE:VMC) – Stock analysts at Jefferies Financial Group issued their Q4 2019 earnings per share estimates for Vulcan Materials in a research note issued to investors on Monday, October 15th, according to Zacks Investment Research. Jefferies Financial Group analyst P. Ng expects that the construction company will post earnings per share of $1.32 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $128.00 target price on the stock.
Other analysts also recently issued reports about the stock. Stephens set a $125.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “buy” rating and set a $138.00 price target on the stock in a report on Tuesday, July 24th. ValuEngine upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Bank of America decreased their price objective on shares of Vulcan Materials from $128.00 to $120.00 and set a “hold” rating for the company in a report on Monday, October 1st. Finally, Nomura initiated coverage on shares of Vulcan Materials in a report on Monday, October 29th. They issued a “neutral” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $121.45.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.40. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Vulcan Materials had a return on equity of 10.20% and a net margin of 16.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s payout ratio is 36.84%.
In other news, Chairman J Thomas Hill acquired 1,955 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was bought at an average price of $101.66 per share, with a total value of $198,745.30. Following the completion of the acquisition, the chairman now owns 57,348 shares in the company, valued at approximately $5,829,997.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its stake in Vulcan Materials by 281.1% in the first quarter. Federated Investors Inc. PA now owns 2,595 shares of the construction company’s stock valued at $296,000 after acquiring an additional 1,914 shares during the last quarter. BB&T Securities LLC acquired a new stake in Vulcan Materials in the first quarter worth $406,000. Lord Abbett & CO. LLC raised its holdings in Vulcan Materials by 32.6% in the first quarter. Lord Abbett & CO. LLC now owns 95,270 shares of the construction company’s stock worth $10,877,000 after purchasing an additional 23,423 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Vulcan Materials by 550.0% in the first quarter. Cubist Systematic Strategies LLC now owns 5,200 shares of the construction company’s stock worth $594,000 after purchasing an additional 4,400 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Vulcan Materials by 14.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 279,602 shares of the construction company’s stock worth $31,923,000 after purchasing an additional 35,323 shares during the period. 97.86% of the stock is currently owned by institutional investors and hedge funds.
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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