Revenue Update on Vulcan Materials Company(NYSE:VMC)

Vulcan Materials Company(NYSE:VMC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $956.83M. Analysts estimated a revenue of $1.01B. Earnings per share were $0.90. Analysts had estimated an EPS of $1.00.

In a different note, On Jun 8, 2016, Goldman Sachs said it Maintains its rating on Vulcan Materials Company. In the research note, the firm Raises the price-target to $128.00 per share. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, BB&T Capital said it Maintains its rating on Vulcan Materials Company. In the research note, the firm Raises the price-target to $115.00 per share. The shares have been rated ‘Buy’ by the firm.

Vulcan Materials Company (VMC) made into the market gainers list on Mondays trading session with the shares advancing 1.06% or 1.26 points. Due to strong positive momentum, the stock ended at $120.24, which is also near the day’s high of $121.59. The stock began the session at $119.12 and the volume stood at 14,22,353 shares. The 52-week high of the shares is $127.2 and the 52 week low is $78.83. The company has a current market capitalization of $16,001 M and it has 13,30,71,628 shares in outstanding.

Vulcan Materials Company has also declared a cash dividend of $0.2000 on Jul 8, 2016. The shares will quote ex-dividend on Aug 22, 2016 and the record date has been fixed on Aug 24, 2016. The dividend payable date has been fixed on Sep 9, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, David P Clement (President – Central Division) sold 1,255 shares at $113.17 per share price.Also, On Mar 14, 2016, David B. Pasley (President – Mountain West Div) sold 200 shares at $103.27 per share price.On Nov 10, 2015, David J Grayson (President, Southeast Division) sold 3,614 shares at $100.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates Concrete Asphalt Mix and Calcium. The Aggregates segment produces and sells aggregates (crushed stone sand and gravel sand and other aggregates) and related products and services (transportation and other). The Company produces and sells ready-mixed concrete in Georgia Maryland New Mexico Texas Virginia Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona California New Mexico and Texas. The Company’s Calcium segment operates a quarry at Brooksville Florida which provides feedstock for the ground calcium operation.

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