DA Davidson Research Analysts Lower Earnings Estimates for Vulcan Materials Company (VMC)
Vulcan Materials Company (NYSE:VMC) – Stock analysts at DA Davidson dropped their Q4 2017 earnings estimates for shares of Vulcan Materials in a research note issued on Friday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $0.77 per share for the quarter, down from their prior forecast of $0.89. DA Davidson also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.76 EPS and FY2019 earnings at $4.79 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $114.00 price objective on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. BidaskClub downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Vulcan Materials has an average rating of “Hold” and a consensus price target of $140.00.
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Vulcan Materials (NYSE:VMC) opened at $126.43 on Monday. The company has a market cap of $16,724.73, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 1-year low of $108.95 and a 1-year high of $138.18.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is 34.97%.
In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the transaction, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Vulcan Materials by 5.7% during the first quarter. Teachers Advisors LLC now owns 156,790 shares of the construction company’s stock valued at $18,890,000 after purchasing an additional 8,411 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Vulcan Materials during the first quarter valued at about $341,000. Clearbridge Investments LLC raised its stake in shares of Vulcan Materials by 64.4% during the first quarter. Clearbridge Investments LLC now owns 3,085 shares of the construction company’s stock valued at $372,000 after purchasing an additional 1,209 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Vulcan Materials by 0.8% during the second quarter. Xact Kapitalforvaltning AB now owns 15,686 shares of the construction company’s stock valued at $1,987,000 after purchasing an additional 119 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Vulcan Materials by 157.3% during the second quarter. Fox Run Management L.L.C. now owns 7,000 shares of the construction company’s stock valued at $887,000 after purchasing an additional 4,279 shares in the last quarter. 86.75% of the stock is owned by institutional investors.
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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