Vulcan Materials Company (NYSE:VMC – Get Free Report) announced a quarterly dividend on Friday, October 9th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.52 per share by the construction company on Tuesday, November 24th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 12 years. Vulcan Materials has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.8%
Shares of VMC stock opened at $283.23 on Friday. Vulcan Materials has a 1 year low of $237.03 and a 1 year high of $331.09. The stock has a fifty day moving average of $257.12 and a two-hundred day moving average of $280.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.43. The firm has a market capitalization of $36.35 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99.
Vulcan Materials (NYSE:VMC – Get Free Report) 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. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. Vulcan Materials’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.84 earnings per share. As a group, research analysts expect that Vulcan Materials will post 8.89 EPS for the current year.
Insider Activity
In other news, Director J. Hill sold 28,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 30,209 shares of the company’s stock, valued at $8,621,648.60. This trade represents a 48.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.65% of the company’s stock.
Institutional Trading of Vulcan Materials
A number of institutional investors have recently made changes to their positions in VMC. Burkett Financial Services LLC purchased a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. increased its position in shares of Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Clearstead Trust LLC acquired a new position in Vulcan Materials during the second quarter worth $37,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Vulcan Materials in the second quarter valued at approximately $51,000. Finally, Western Wealth Management LLC acquired a new position in Vulcan Materials during the 1st quarter worth about $57,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
Vulcan Materials Company Profile
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