Vulcan Materials Company (VMC) To Go Ex-Dividend on November 9th

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, October 9th. Investors of record on Monday, November 9th will be given a dividend of $0.52 per share by the construction company on Tuesday, November 24th. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 9th.

Vulcan Materials has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. Vulcan Materials has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $10.15 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 20.5%.

Vulcan Materials Stock Down 0.8%

Shares of NYSE VMC opened at $283.23 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $257.12 and a 200 day moving average price of $280.04. Vulcan Materials has a 12-month low of $237.03 and a 12-month high of $331.09. The company has a market cap of $36.35 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.00 and a beta of 0.99.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.02. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. Research analysts anticipate that Vulcan Materials will post 8.89 EPS for the current fiscal year.

Insider Activity

In related news, Director J. Hill sold 28,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total value of $7,991,200.00. Following the completion of the transaction, the director directly owned 30,209 shares of the company’s stock, valued at approximately $8,621,648.60. This represents a 48.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Institutional Trading of Vulcan Materials

Several hedge funds and other institutional investors have recently made changes to their positions in VMC. Bfsg LLC grew its position in shares of Vulcan Materials by 0.8% in the 3rd quarter. Bfsg LLC now owns 13,491 shares of the construction company’s stock worth $3,300,000 after buying an additional 110 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Vulcan Materials by 7.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,756 shares of the construction company’s stock valued at $460,000 after purchasing an additional 122 shares in the last quarter. Ascent Group LLC lifted its holdings in Vulcan Materials by 6.9% in the 3rd quarter. Ascent Group LLC now owns 1,967 shares of the construction company’s stock worth $481,000 after buying an additional 127 shares in the last quarter. Markel Group Inc. purchased a new position in Vulcan Materials in the 3rd quarter worth about $234,000. Finally, Farrow Financial Inc. boosted its holdings in Vulcan Materials by 1.3% during the third quarter. Farrow Financial Inc. now owns 8,697 shares of the construction company’s stock valued at $2,128,000 after purchasing an additional 115 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

About Vulcan Materials