Vulcan Materials (NYSE:VMC) to Issue $0.46 Quarterly Dividend

Vulcan Materials (NYSE:VMC - Get Free Report) announced a quarterly dividend on Friday, May 10th, RTT News reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.46 per share by the construction company on Friday, June 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.68%.

Vulcan Materials has increased its dividend by an average of 8.1% annually over the last three years and has increased its dividend annually for the last 10 consecutive years.

Vulcan Materials Trading Up 0.5 %

VMC stock traded up $1.38 during trading on Friday, reaching $272.07. The company had a trading volume of 517,114 shares, compared to its average volume of 780,366. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58. The business has a 50 day moving average of $265.94 and a 200 day moving average of $238.20. The company has a market cap of $35.98 billion, a P/E ratio of 39.84, a PEG ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 8.5 earnings per share for the current fiscal year.

Insider Activity at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Denson N. Franklin III sold 3,200 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares of the company's stock, valued at approximately $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa H. Anderson sold 1,200 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the sale, the director now directly owns 330 shares in the company, valued at $85,958.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

VMC has been the topic of several research reports. Royal Bank of Canada boosted their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research note on Friday, May 3rd. Wolfe Research downgraded Vulcan Materials from an "outperform" rating to a "peer perform" rating in a report on Friday, March 8th. Jefferies Financial Group upped their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. restated a "neutral" rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Finally, Stephens upped their target price on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $277.08.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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