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Vulcan Materials said on February 10, 2023 that its board of directors declared a regular
quarterly dividend of $0.43 per share ($1.72 annualized).
Shareholders of record as of March 3, 2023
will receive the payment on March 20, 2023.
Previously, the company paid $0.40 per share.
At the current share price of $186.06 / share,
the stock’s dividend yield is 0.92%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.95%,
the lowest has been 0.71%,
and the highest has been 1.66%.
The standard deviation of yields is 0.14 (n=236).
The current dividend yield is
0.20 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.36.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.29%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 11.89% Upside
As of February 14, 2023,
the average one-year price target for Vulcan Materials is $208.18.
The forecasts range from a low of $159.58 to a high of $241.50.
The average price target represents an increase of 11.89% from its latest reported closing price of $186.06.
The projected annual revenue for Vulcan Materials
is $7,996MM, an increase of 11.22%.
The projected annual EPS
is $6.77, an increase of 51.55%.
What is the Fund Sentiment?
There are 1385 funds or institutions reporting positions in Vulcan Materials.
This is an increase
of
35
owner(s) or 2.59% in the last quarter.
Average portfolio weight of all funds dedicated to VMC is 0.31%,
an increase
of 9.54%.
Total shares owned by institutions increased
in the last three months by 1.45% to 147,682K shares.
The put/call ratio of VMC is 0.74, indicating a
bullish
outlook.
What are large shareholders doing?
State Farm Mutual Automobile Insurance
holds 9,954K shares
representing 7.49% ownership of the company.
No change in the last quarter.
Massachusetts Financial Services
holds 8,782K shares
representing 6.61% ownership of the company.
In it’s prior filing, the firm reported owning 8,633K shares, representing
an increase
of 1.69%.
The firm
decreased
its portfolio allocation in VMC by 99.98% over the last quarter.
Principal Financial Group
holds 4,557K shares
representing 3.43% ownership of the company.
In it’s prior filing, the firm reported owning 4,524K shares, representing
an increase
of 0.72%.
The firm
decreased
its portfolio allocation in VMC by 42.63% over the last quarter.
Jpmorgan Chase &
holds 4,097K shares
representing 3.08% ownership of the company.
In it’s prior filing, the firm reported owning 3,886K shares, representing
an increase
of 5.16%.
The firm
decreased
its portfolio allocation in VMC by 85.42% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 3,757K shares
representing 2.83% ownership of the company.
In it’s prior filing, the firm reported owning 3,915K shares, representing
a decrease
of 4.21%.
The firm
increased
its portfolio allocation in VMC by 11.02% over the last quarter.
Vulcan Materials Background Information
(This description is provided by the company.)
Vulcan Materials Company, a member of the S&P 500 index with headquarters in Birmingham, Alabama, is the nation’s largest producer of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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