Vulcan Materials Company (VMC) to Issue Quarterly Dividend of $0.52 on March 23rd

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, February 13th. Investors of record on Monday, March 9th will be given a dividend of 0.52 per share by the construction company on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. This is a 6.1% increase from Vulcan Materials’s previous quarterly dividend of $0.49.

Vulcan Materials has increased its dividend 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. Analysts expect Vulcan Materials to earn $9.72 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 21.4%.

Vulcan Materials Stock Performance

NYSE VMC traded down $12.81 during trading on Friday, hitting $274.42. The company’s stock had a trading volume of 1,535,741 shares, compared to its average volume of 1,295,242. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $331.09. The firm has a market cap of $35.83 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. The firm has a 50 day moving average price of $304.36 and a 200 day moving average price of $297.52. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company posted $2.17 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 665 shares of Vulcan Materials stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the sale, the senior vice president directly owned 8,284 shares in the company, valued at approximately $2,443,780. The trade was a 7.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The SEC filing for this sale provides additional information. Insiders have sold 8,937 shares of company stock valued at $2,687,784 in the last 90 days. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its holdings in shares of Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after buying an additional 42 shares in the last quarter. NBT Bank N A NY bought a new stake in Vulcan Materials in the fourth quarter valued at $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Vulcan Materials during the third quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the third quarter worth $30,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Vulcan Materials during the fourth quarter valued at $29,000. Institutional investors own 90.39% of the company’s stock.

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.