Vulcan Materials (VMC) Getting Somewhat Positive Press Coverage, Report Shows
News headlines about Vulcan Materials (NYSE:VMC) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vulcan Materials earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.2037082170876 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Head to Head Analysis: Vulcan Materials (NYSE:VMC) and Summit Materials (SUM) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Vulcan Materials Co. (finance.yahoo.com)
- Digging Through Vulcan Materials Company (VMC) Technicals – AllStockNews (allstocknews.com)
- Analysts Expect Vulcan Materials Company (VMC) Will Announce Quarterly Sales of $1.13 Billion (americanbankingnews.com)
- Volume Moving the Tape For Vulcan Materials Co (VMC) – Sparta Review (spartareview.com)
A number of brokerages have commented on VMC. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. BidaskClub cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Vulcan Materials presently has a consensus rating of “Hold” and an average target price of $139.67.
Vulcan Materials (VMC) traded up 1.25% during midday trading on Tuesday, hitting $116.61. The stock had a trading volume of 1,274,752 shares. The stock has a 50-day moving average price of $123.85 and a 200 day moving average price of $123.32. The firm has a market cap of $15.42 billion, a P/E ratio of 37.54 and a beta of 0.93. Vulcan Materials has a 12-month low of $105.71 and a 12-month high of $138.18.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. Vulcan Materials’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials will post $3.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Vulcan Materials’s payout ratio is 32.36%.
In related news, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the transaction, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the transaction, the general counsel now owns 5,292 shares of the company’s stock, valued at $698,544. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,743 shares of company stock valued at $876,515. Insiders own 0.89% of the company’s stock.
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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