Vulcan Materials (NYSE:VMC) – Investment analysts at Jefferies Financial Group decreased their Q1 2019 earnings per share estimates for shares of Vulcan Materials in a research report issued on Friday, February 15th. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.39. Jefferies Financial Group has a “Buy” rating and a $133.00 price target on the stock. Jefferies Financial Group also issued estimates for Vulcan Materials’ Q3 2019 earnings at $1.65 EPS and FY2019 earnings at $4.70 EPS.
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Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, February 14th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company posted $0.74 EPS. Vulcan Materials’s revenue was up 11.3% on a year-over-year basis.
Other equities analysts have also recently issued reports about the stock. Nomura upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $140.00 in a report on Thursday, December 6th. Deutsche Bank lifted their price objective on shares of Vulcan Materials to $125.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 18th. ValuEngine raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, Citigroup reduced their price objective on shares of Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $123.00.
Vulcan Materials stock opened at $113.14 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.70. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $133.59. The firm has a market cap of $14.94 billion, a PE ratio of 37.22, a P/E/G ratio of 0.97 and a beta of 0.93.
Several hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Vulcan Materials by 17.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock worth $405,835,000 after acquiring an additional 608,504 shares during the last quarter. Principal Financial Group Inc. lifted its position in Vulcan Materials by 20.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,271,027 shares of the construction company’s stock worth $323,178,000 after acquiring an additional 557,792 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Vulcan Materials by 110.7% during the 3rd quarter. Marshall Wace North America L.P. now owns 1,030,674 shares of the construction company’s stock worth $114,611,000 after acquiring an additional 541,504 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in Vulcan Materials by 190.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 727,453 shares of the construction company’s stock worth $80,892,000 after acquiring an additional 476,986 shares during the last quarter. Finally, Morgan Stanley lifted its position in Vulcan Materials by 5.0% during the 3rd quarter. Morgan Stanley now owns 6,423,074 shares of the construction company’s stock worth $714,246,000 after acquiring an additional 303,986 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 21st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.28. Vulcan Materials’s payout ratio is presently 36.84%.
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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