FY2017 EPS Estimates for Vulcan Materials Company Raised by Analyst (VMC)
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).
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