Vulcan Materials (NYSE:VMC) – SunTrust Banks issued their Q4 2019 earnings estimates for shares of Vulcan Materials in a report released on Wednesday, October 10th. SunTrust Banks analyst R. Seth expects that the construction company will post earnings per share of $1.17 for the quarter.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share.

VMC has been the topic of several other reports. Bank of America cut Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a report on Wednesday, July 25th. They noted that the move was a valuation call. Argus decreased their price objective on Vulcan Materials to $122.00 and set a “buy” rating on the stock in a report on Monday, August 20th. ValuEngine cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, October 8th. DA Davidson set a $118.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Thursday. Finally, Zacks Investment Research raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $129.00.

Shares of VMC opened at $100.99 on Thursday. The company has a market cap of $14.71 billion, a PE ratio of 33.23, a PEG ratio of 1.05 and a beta of 0.93. Vulcan Materials has a 1 year low of $98.70 and a 1 year high of $141.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMC. Mount Yale Investment Advisors LLC increased its position in shares of Vulcan Materials by 90.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock valued at $124,000 after purchasing an additional 455 shares during the last quarter. Smithfield Trust Co. increased its position in shares of Vulcan Materials by 160.5% during the 2nd quarter. Smithfield Trust Co. now owns 1,201 shares of the construction company’s stock valued at $155,000 after purchasing an additional 740 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $194,000. Advisor Partners LLC bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $201,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $205,000. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.11%. Vulcan Materials’s dividend payout ratio is currently 36.84%.

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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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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