Zacks Research Issues Pessimistic Estimate for VMC Earnings

Vulcan Materials (NYSE:VMC) – Equities research analysts at Zacks Research lowered their Q3 2024 earnings per share (EPS) estimates for Vulcan Materials in a research note issued to investors on Monday, October 28th. Zacks Research analyst A. Gupta now anticipates that the construction company will post earnings of $2.40 per share for the quarter, down from their prior forecast of $2.54. The consensus estimate for Vulcan Materials’ current full-year earnings is $7.58 per share. Zacks Research also issued estimates for Vulcan Materials’ Q4 2024 earnings at $1.90 EPS, FY2024 earnings at $7.45 EPS, Q1 2025 earnings at $0.95 EPS, Q2 2025 earnings at $2.93 EPS, Q3 2025 earnings at $2.86 EPS, Q4 2025 earnings at $2.38 EPS, FY2025 earnings at $9.11 EPS, Q1 2026 earnings at $1.00 EPS, Q2 2026 earnings at $2.98 EPS, Q3 2026 earnings at $2.94 EPS and FY2026 earnings at $9.35 EPS.

Several other equities research analysts have also weighed in on VMC. Citigroup reduced their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Barclays upped their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Truist Financial cut their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $273.50.

Vulcan Materials Trading Up 6.4 %

Vulcan Materials stock opened at $276.19 on Wednesday. The firm has a market cap of $36.47 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. Vulcan Materials has a 1 year low of $195.70 and a 1 year high of $279.47. The firm’s 50 day moving average price is $246.87 and its two-hundred day moving average price is $252.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

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

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC increased its holdings in Vulcan Materials by 118.1% in the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after buying an additional 2,245 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Vulcan Materials by 621.1% during the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after purchasing an additional 203,166 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after purchasing an additional 68 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Vulcan Materials by 3.0% in the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Vulcan Materials by 150.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after purchasing an additional 2,404 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.