Vulcan Materials Co. (VMC) Announces Quarterly Dividend of $0.20
Vulcan Materials Co. (NYSE:VMC) announced a quarterly dividend on Friday, October 14th. Stockholders of record on Wednesday, November 23rd will be paid a dividend of 0.20 per share on Friday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.73%.
Shares of Vulcan Materials (NYSE:VMC) traded up 0.92% during mid-day trading on Friday, hitting $109.77. The stock had a trading volume of 1,082,327 shares. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 41.88 and a beta of 1.19. The firm has a 50 day moving average of $111.48 and a 200 day moving average of $114.85. Vulcan Materials has a one year low of $78.83 and a one year high of $127.20.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The business earned $956.80 million during the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a return on equity of 8.74% and a net margin of 9.85%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts forecast that Vulcan Materials will post $3.23 earnings per share for the current year.
A number of equities analysts have recently commented on the company. DA Davidson reiterated a “hold” rating and issued a $120.00 price objective on shares of Vulcan Materials in a research note on Sunday, October 9th. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Jefferies Group reiterated a “hold” rating on shares of Vulcan Materials in a research note on Wednesday, August 31st. Argus reiterated a “buy” rating and issued a $129.00 price objective on shares of Vulcan Materials in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada lifted their price objective on Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $130.89.
In other Vulcan Materials news, insider Stanley G. Bass sold 829 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $121.07, for a total transaction of $100,367.03. Following the sale, the insider now directly owns 15,185 shares of the company’s stock, valued at $1,838,447.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David B. Pasley sold 280 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $117.55, for a total value of $32,914.00. Following the sale, the insider now directly owns 2,470 shares in the company, valued at $290,348.50. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in VMC. Public Sector Pension Investment Board increased its stake in Vulcan Materials by 17.7% in the second quarter. Public Sector Pension Investment Board now owns 25,303 shares of the company’s stock worth $3,045,000 after buying an additional 3,800 shares during the last quarter. National Pension Service increased its stake in Vulcan Materials by 21.2% in the second quarter. National Pension Service now owns 103,296 shares of the company’s stock worth $12,433,000 after buying an additional 18,102 shares during the last quarter. GAM Holding AG increased its stake in Vulcan Materials by 18.1% in the second quarter. GAM Holding AG now owns 18,141 shares of the company’s stock worth $2,183,000 after buying an additional 2,781 shares during the last quarter. Employees Retirement System of Texas increased its stake in Vulcan Materials by 1.2% in the second quarter. Employees Retirement System of Texas now owns 41,700 shares of the company’s stock worth $5,019,000 after buying an additional 500 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Vulcan Materials by 15.3% in the second quarter. HighTower Advisors LLC now owns 40,576 shares of the company’s stock worth $4,879,000 after buying an additional 5,391 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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