Vulcan Materials Company (VMC) To Go Ex-Dividend on November 9th

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, October 9th. Shareholders of record on Monday, November 9th will be given a dividend of $0.52 per share by the construction company on Tuesday, November 24th. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, November 9th.

Vulcan Materials has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 12 years. Vulcan Materials has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $10.15 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 20.5%.

Vulcan Materials Price Performance

VMC opened at $283.23 on Friday. The stock’s 50 day moving average price is $257.12 and its 200-day moving average price is $280.04. The stock has a market capitalization of $36.35 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.43. Vulcan Materials has a 52-week low of $237.03 and a 52-week high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company earned $2.84 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 8.89 EPS for the current year.

Insider Buying and Selling at Vulcan Materials

In related news, Director J. Hill sold 28,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $285.40, for a total transaction of $7,991,200.00. Following the transaction, the director owned 30,209 shares in the company, valued at $8,621,648.60. The trade was a 48.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Vulcan Materials in the 2nd quarter valued at about $2,868,444,000. Bank of America Corp DE acquired a new stake in Vulcan Materials during the second quarter valued at $688,580,000. The Manufacturers Life Insurance Company acquired a new position in shares of Vulcan Materials in the second quarter valued at $451,119,000. Stockbridge Partners LLC bought a new stake in shares of Vulcan Materials during the second quarter worth approximately $314,470,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $306,641,000. 90.39% of the stock is owned by institutional investors.

About Vulcan Materials