Vulcan Materials (NYSE:VMC) Issues Quarterly Earnings Results, Beats Expectations By $0.41 EPS

Vulcan Materials (NYSE:VMC) announced its earnings results on Tuesday. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41, Zacks reports. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. During the same quarter in the prior year, the business posted $1.46 earnings per share.

Vulcan Materials Stock Performance

VMC stock opened at $272.34 on Wednesday. The business’s 50-day moving average price is $267.43 and its two-hundred day moving average price is $261.39. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $35.96 billion, a PE ratio of 42.96, a P/E/G ratio of 2.09 and a beta of 0.84. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.72%. Vulcan Materials’s payout ratio is currently 29.02%.

Analyst Ratings Changes

Several analysts recently weighed in on VMC shares. Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Barclays raised their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Raymond James dropped their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, Citigroup dropped their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Company Profile

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.