Vulcan Materials (NYSE:VMC) – SunTrust Banks upped their Q4 2020 earnings estimates for Vulcan Materials in a note issued to investors on Thursday, July 9th. SunTrust Banks analyst R. Seth now forecasts that the construction company will earn $0.96 per share for the quarter, up from their prior estimate of $0.94. SunTrust Banks currently has a “Buy” rating and a $145.00 target price on the stock. SunTrust Banks also issued estimates for Vulcan Materials’ Q3 2021 earnings at $1.54 EPS, Q4 2021 earnings at $0.92 EPS, FY2022 earnings at $5.15 EPS and FY2023 earnings at $6.73 EPS.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Vulcan Materials had a net margin of 12.34% and a return on equity of 11.38%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS.

Other equities analysts have also issued research reports about the stock. Berenberg Bank raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Wednesday, March 25th. Goldman Sachs Group reduced their target price on shares of Vulcan Materials from $172.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. BNP Paribas raised shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $122.00 target price on the stock in a report on Tuesday, June 16th. Royal Bank of Canada increased their target price on shares of Vulcan Materials from $117.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Finally, Cfra lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating and reduced their target price for the company from $151.00 to $120.00 in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $134.25.

Shares of NYSE:VMC opened at $119.16 on Monday. The company’s fifty day moving average price is $116.25 and its 200-day moving average price is $120.18. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.07 and a beta of 0.81. Vulcan Materials has a one year low of $65.56 and a one year high of $152.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.68 and a quick ratio of 1.69.

Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Vulcan Materials by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the construction company’s stock worth $660,000 after purchasing an additional 100 shares during the period. NuWave Investment Management LLC purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth about $127,000. Alpha Cubed Investments LLC lifted its position in shares of Vulcan Materials by 125.1% in the 2nd quarter. Alpha Cubed Investments LLC now owns 25,227 shares of the construction company’s stock worth $2,923,000 after purchasing an additional 14,022 shares during the period. Manning & Napier Group LLC purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth about $68,096,000. Finally, Everence Capital Management Inc. lifted its position in Vulcan Materials by 84.6% during the 2nd quarter. Everence Capital Management Inc. now owns 4,145 shares of the construction company’s stock valued at $449,000 after acquiring an additional 1,900 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Wednesday, August 19th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.14%. Vulcan Materials’s dividend payout ratio is 28.94%.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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

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