Vulcan Materials Company (NYSE:VMC) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for Vulcan Materials in a research report issued to clients and investors on Thursday. Jefferies Group analyst P. Ng now forecasts that the construction company will post earnings per share of $3.05 for the year, up from their previous forecast of $2.82. Jefferies Group currently has a “Hold” rating and a $128.00 target price on the stock. Jefferies Group also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $1.23 EPS and FY2019 earnings at $5.02 EPS.

VMC has been the topic of several other reports. BidaskClub downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research note on Tuesday, October 10th. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $140.00 to $145.00 in a report on Thursday, August 3rd. Bank of America Corporation cut their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Citigroup Inc. restated a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $140.00.

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Vulcan Materials (NYSE:VMC) opened at $124.63 on Monday. The company has a market cap of $16,630.00, a P/E ratio of 42.57, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. Vulcan Materials has a one year low of $108.95 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22.

Vulcan Materials (NYSE:VMC) last announced its 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 during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.13%.

In other Vulcan Materials news, 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 transaction, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider now directly owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Eads & Heald Investment Counsel raised its position in Vulcan Materials by 0.8% in the 2nd quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock worth $286,000 after buying an additional 17 shares during the last quarter. Traynor Capital Management Inc. grew its stake in shares of Vulcan Materials by 0.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock valued at $287,000 after acquiring an additional 17 shares during the period. L & S Advisors Inc grew its stake in shares of Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock valued at $490,000 after acquiring an additional 25 shares during the period. Calamos Wealth Management LLC grew its stake in shares of Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock valued at $1,333,000 after acquiring an additional 80 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Vulcan Materials by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 100 shares during the period. 86.75% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

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).

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

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