Vulcan Materials Company (VMC) To Go Ex-Dividend on May 22nd

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.52 per share by the construction company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Vulcan Materials has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Vulcan Materials has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $10.58 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.7%.

Vulcan Materials Trading Down 2.6%

NYSE VMC opened at $259.43 on Wednesday. The firm’s 50-day moving average is $279.35 and its two-hundred day moving average is $291.56. Vulcan Materials has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market capitalization of $33.66 billion, a P/E ratio of 30.85, a PEG ratio of 1.93 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Vulcan Materials will post 9.29 earnings per share for the current year.

Insider Buying and Selling at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Vulcan Materials

Hedge funds have recently modified their holdings of the stock. Westside Investment Management Inc. raised its stake in shares of Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Vulcan Materials during the fourth quarter worth about $26,000. Meeder Asset Management Inc. grew its position in shares of Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Vulcan Materials during the third quarter worth about $29,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Vulcan Materials during the fourth quarter worth about $29,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.