Vulcan Materials (VMC) to Issue Quarterly Dividend of $0.46 on November 27th

Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, October 11th, RTT News reports. Shareholders of record on Monday, November 4th will be paid a dividend of 0.46 per share by the construction company on Wednesday, November 27th. This represents a $1.84 annualized dividend and a yield of 0.74%.

Vulcan Materials has raised its dividend by an average of 8.1% per year over the last three years and has increased its dividend every year for the last 11 years. Vulcan Materials has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $9.21 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 20.0%.

Vulcan Materials Trading Up 1.5 %

Shares of VMC stock opened at $247.51 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The company’s 50-day moving average price is $243.67 and its 200-day moving average price is $252.97. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.28 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials will post 7.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday. Loop Capital reduced their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial lowered their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $272.45.

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.