Vulcan Materials (NYSE:VMC) Announces Earnings Results, Beats Estimates By $0.02 EPS

Vulcan Materials (NYSE:VMC) posted its quarterly earnings results on Thursday. The construction company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02, FiscalAI reports. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. Vulcan Materials’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.84 earnings per share.

Here are the key takeaways from Vulcan Materials’ conference call:

• Third-quarter adjusted EBITDA was $707 million, with adjusted margins expanding 20 basis points to 32.3%. Excluding approximately $40 million of energy headwinds and prior divestitures, underlying EBITDA grew 5% year over year.
• Aggregate shipments declined 3% year over year amid a muted demand environment, while energy costs are expected to create roughly $120 million of full-year headwinds. Residential construction remains constrained by weak affordability and elevated interest rates.
• Management maintained its outlook for approximately $2.4 billion of 2026 adjusted EBITDA, supported by pricing, cost controls, and an aggregates-led portfolio. Full-year aggregate unit margin is expected to expand despite higher diesel costs.
• Vulcan expects mid- to high-single-digit aggregate pricing growth in 2027, including the benefit of announced January increases, while public infrastructure and large private projects such as data centers, manufacturing, and energy developments support demand.
• The company closed multiple bolt-on aggregate acquisitions and expects several more by year-end, while maintaining substantial shareholder returns. Through nine months, Vulcan repurchased $750 million of stock, paid dividends, and ended the quarter with manageable net leverage of 1.9 times adjusted EBITDA.

Vulcan Materials Trading Up 5.7%

Shares of Vulcan Materials stock traded up $15.23 during trading hours on Thursday, hitting $280.23. The company’s stock had a trading volume of 2,832,423 shares, compared to its average volume of 1,177,489. The firm has a fifty day moving average of $255.48 and a 200-day moving average of $280.70. Vulcan Materials has a twelve month low of $237.03 and a twelve month high of $331.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.68 and a beta of 1.05.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be given a $0.52 dividend. The ex-dividend date is Monday, November 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.56%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group lowered their target price on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Weiss Ratings cut Vulcan Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Vulcan Materials in a report on Friday, October 16th. Stifel Nicolaus reduced their price objective on Vulcan Materials from $333.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Vulcan Materials from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $309.86.

Trending Headlines about Vulcan Materials

Here are the key news stories impacting Vulcan Materials this week:

• Positive Sentiment: Vulcan reported third-quarter adjusted EPS of $2.83, narrowly exceeding analyst expectations. Management highlighted operational efficiencies, pricing discipline and margin resilience in its aggregates-led business. Vulcan Materials Surpasses Q3 Earnings Estimates
• Positive Sentiment: Management reaffirmed an approximately $2.4 billion adjusted EBITDA target for 2026 and said it expects to return to earnings growth in 2027, supporting confidence that current headwinds may be temporary. Vulcan Materials Q3 2026 Earnings Call Transcript
• Positive Sentiment: Vulcan returned $417 million to shareholders during the quarter through $350 million of repurchases and $67 million in dividends. It also completed bolt-on acquisitions in Tennessee and southern Ohio, expanding its footprint in targeted markets. Vulcan Reports Third Quarter 2026 Results
• Neutral Sentiment: Aggregates shipments declined 3% year over year, but freight-adjusted selling prices increased 5% on a mix-adjusted basis, showing pricing power is partly offsetting weaker volumes and cost pressures. Vulcan Reports Third-Quarter Revenue for 2026
• Negative Sentiment: Revenue of approximately $2.18 billion missed the $2.24 billion consensus estimate and fell 4.7% from the prior year. Net earnings also declined, while lower shipments and reduced 2026 EBITDA guidance weighed on some investors. Vulcan Materials Q3 Earnings Beat Estimates, Revenues Miss
• Negative Sentiment: Stifel lowered its price target from $333 to $320, while another recent report assigned Vulcan a sell rating, adding caution around valuation and near-term construction demand. Stifel Lowers Vulcan Materials Price Target

Insider Buying and Selling

In related news, SVP David Clement sold 2,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Hill sold 14,000 shares of Vulcan Materials stock in a transaction on Friday, August 21st. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares of the company’s stock, valued at $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.