Vulcan Materials (NYSE:VMC) to Issue Quarterly Dividend of $0.49

Vulcan Materials (NYSE:VMC) declared a quarterly dividend on Friday, February 14th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.49 per share by the construction company on Monday, March 24th. This represents a $1.96 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Monday, March 10th. This is a 6.5% increase from Vulcan Materials’s previous quarterly dividend of $0.46.

Vulcan Materials has raised its dividend by an average of 7.5% annually over the last three years and has increased its dividend every year for the last 12 years. Vulcan Materials has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $9.72 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 20.2%.

Vulcan Materials Stock Down 5.8 %

Vulcan Materials stock opened at $221.47 on Friday. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a fifty-two week low of $218.71 and a fifty-two week high of $298.31. The firm has a fifty day moving average price of $261.37 and a two-hundred day moving average price of $261.23.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the previous year, the business earned $1.46 EPS. As a group, analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Institutional Trading of Vulcan Materials

An institutional investor recently bought a new position in Vulcan Materials stock. Brighton Jones LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,933 shares of the construction company’s stock, valued at approximately $497,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $303.08.

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.