Vulcan Materials (VMC) Earning Somewhat Positive News Coverage, Study Finds
News coverage about Vulcan Materials (NYSE:VMC) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vulcan Materials earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 45.7381926366522 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Vulcan Materials (NYSE:VMC) opened at 118.83 on Thursday. The company has a 50-day moving average of $117.19 and a 200 day moving average of $122.24. Vulcan Materials has a 52-week low of $105.71 and a 52-week high of $138.18. The company has a market capitalization of $15.72 billion, a PE ratio of 38.26 and a beta of 0.94.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. Analysts predict that Vulcan Materials will post $3.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, June 20th. BidaskClub lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, August 22nd. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Vulcan Materials currently has a consensus rating of “Hold” and a consensus price target of $136.00.
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In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now directly owns 23,871 shares in the company, valued at $2,806,036.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the completion of the sale, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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