Zacks Research Has Bearish Estimate for VMC FY2024 Earnings

Vulcan Materials (NYSE:VMC) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Vulcan Materials in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst A. Gupta now anticipates that the construction company will post earnings per share of $7.09 for the year, down from their prior forecast of $7.45. The consensus estimate for Vulcan Materials’ current full-year earnings is $7.16 per share. Zacks Research also issued estimates for Vulcan Materials’ Q4 2024 earnings at $1.72 EPS, Q2 2025 earnings at $2.91 EPS, Q3 2025 earnings at $2.75 EPS, Q4 2025 earnings at $2.10 EPS and FY2025 earnings at $8.73 EPS.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS.

A number of other research firms have also weighed in on VMC. JPMorgan Chase & Co. reduced their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Stephens lowered their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Price Performance

VMC opened at $284.61 on Friday. The firm has a 50-day moving average price of $261.25 and a 200-day moving average price of $254.63. Vulcan Materials has a twelve month low of $209.60 and a twelve month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.72 and a beta of 0.81.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMC. United Asset Strategies Inc. lifted its stake in Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC boosted its stake in Vulcan Materials by 5.7% in the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. grew its position in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Equity Partners raised its stake in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.