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Vulcan Materials
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24 мая, 17:02

Vulcan Materials' Acquisitions Bode Well, Weather Woes Stay

On May 23, we issued an updated research report on Vulcan Materials Company (VMC) - engaged in the production, distribution and sale of construction aggregates and other construction materials.

10 мая, 17:31

Vulcan Materials (VMC) Tops Q1 Earnings & Revenue Estimates

Vulcan Materials Company's (VMC) first-quarter 2017 adjusted earnings of 34 cents per share comfortably beat the Zacks Consensus Estimate of 22 cents by 54.5%.

10 мая, 16:23

Vulcan Materials (VMC) Beats Q1 Earnings & Revenue Estimates

VMC beat on earnings. Our consensus earnings estimate called for EPS of 22 cents, and the company reported adjusted earnings of 34 cents instead.

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09 мая, 15:58

Vulcan Materials (VMC) Q1 Earnings: What's in the Cards?

Vulcan Materials Company (VMC) is set to release first-quarter 2017 financial numbers before the opening bell on May 10.

21 марта, 18:15

Dividend Forecasts and Individual Stock Price Predictions

How well can dividend forecasts for individual stocks predict their future prices? That's a question that we took on earlier this year, where we resuscitated an old stock price prediction technique to see how well it might work to identify potential investment opportunities for five companies, whose stocks had been identified as strong candidates for dividend increases during 2017-Q1. The five stocks and their dividend increase forecasts were: Comcast (NASDAQ: CMCSA) - 15% increase Home Depot (NYSE: HD) - 14% increase Cisco Systems (NASDAQ: CSCO) - 15% increase TJX Companies (NYSE: TJX) - 16% increase Vulcan Materials (NYSE: VMC) - 25% increase We then took annual dividend data and the stock prices recorded for each of these firms on the first day of trading in each year going back over the last several years, and plotted a relationship between them. We then used that relationship to identify if any stock prices in early 2017 were either potentially overvalued or undervalued with respect to the trends we identified. And then we sat back until we had results to see how the stock prices for each changed after they declared their dividends during the quarter. We now have the results for 4 of the 5 companies, where we're only awaiting TJX's next dividend declarations to officially close the books on this experiment. The following chart shows the historical data we used to generate the trendlines for each stock, their forecast annual dividend for 2017, where their stock prices went on the day they declared their dividends and also where they were as of the close of trading on 20 March 2017. In our original forecast, we had only identified two stocks that offered any sort of investment potential based on the value of their stock prices with respect to their trendlines: Home Depot (NYSE: HD), which looked to be undervalued, and Vulcan Materials (NYSE: VMC), which looked to be overvalued. In the nearly two months since that analysis, we see that both assessments were correct. In VMC's case, we see that as VMC's dividend came in as expected, its stock price has moved downward to converge with its trendline. In Home Depot's case however, we see that company's dividend hike was far in excess of what had been forecast for it as the company reported a blowout quarter, where its stock price has risen, but not as strongly as its trendline would have suggested it might. And in truth, it has been diverging away from its historic trendline even as it has risen, which perhaps suggests that older trend may no longer be in effect and needs to be redrawn. There was one real surprise for the quarter where these five stocks were concerned. Bucking the best-laid plans of professional dividend forecasters, Comcast (NASDAQ: CMCSA) pulled a fast one and split its stock on a 2:1 ratio, halving its dividend and very nearly also its stock price! The fun part of that change is that the stock price appears to have continued to track along its trendline, although it is now on the high side of it, suggesting that the stock is somewhat overvalued. Meanwhile, the stock price for Cisco Systems (NASDAQ: CSCO) behaved almost exactly as expected, keeping comparatively close to both its forecast and its historic trendline. After TJX has declared its next dividend, which we think will be in April, we'll update the original version of this post on our site.

01 марта, 21:21

Trump's Trillion Dollar Infrastructure Plan Sends These Stocks Soaring

On Tuesday night, President Donald Trump gave his first address to a joint session of Congress, and during the speech, the president called on Congress to approve a $1 trillion infrastructure bill to create "a new program of national rebuilding."

24 февраля, 16:42

Construction Stocks' Q4 Earnings on Feb 27: AWI and IBP

The fourth-quarter earnings season is on its last leg with 92.3% construction companies in the S&P 500 cohort already having released quarterly results.

21 февраля, 15:02

Construction Stocks Earnings on Feb 22: TOL, SUM, UFPI

The fourth-quarter earnings season is on its last leg with 92.3% construction companies in the S&P 500 cohort already having released quarterly results.

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10 февраля, 22:28

Can Martin Marietta (MLM) Pull a Surprise in Q4 Earnings?

Martin Marietta Materials, Inc. (MLM) is set to report fourth-quarter 2016 results on Feb 14, before market opens.

07 февраля, 22:43

Vulcan Materials (VMC) Q4 Earnings, Revenues Miss Estimates

Vulcan Materials Company's (VMC) fourth-quarter 2016 adjusted earnings of 69 cents per share missed the Zacks Consensus Estimate of 83 cents by 16.8%. Also, the bottom line decreased 6.7% from the prior-year quarter.

07 февраля, 17:43

Индексы Dow Jones и NASDAQ обновили максимумы

Американские фондовые индексы Dow Jones и NASDAQ обновили исторические максимумы на открытии торгов во вторник.

07 февраля, 17:43

Индексы Dow Jones и NASDAQ обновили максимумы

Американские фондовые индексы Dow Jones и NASDAQ обновили исторические максимумы на открытии торгов во вторник.

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07 февраля, 17:22

Vulcan Materials (VMC) Misses on Q4 Earnings & Revenues

Vulcan Materials Company (VMC) is the largest producer of construction aggregates in the U.S.

06 февраля, 16:16

Construction Stock Earnings Slated for Feb 7: VMC, LII, ACM

The Q4 earnings season has so far seen quarterly releases from 53.8% of the construction companies in the S&P 500 cohort. Total earnings at these construction companies increased 10.2% on 10.7% higher revenues.

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03 февраля, 16:00

Vulcan Materials (VMC) Q4 Earnings: What's in the Cards?

Vulcan Materials Company (VMC) is scheduled to release fourth-quarter 2016 financial numbers, before the opening bell on Feb 7.

18 января, 11:48

Identifying Undervalued and Overvalued Stocks

How can you tell if a given company's stock is overvalued, undervalued or priced just right? If you're the kind of trader who likes to try their hand at picking winners and avoiding losers, that's the million dollar question, isn't it? But for stocks of firms that pay dividends, there may be a tangible way to determine the answer to that question, provided that you know how those firms will act to change their dividends in the future. And as it happens, we have a speculative forecast for how five S&P 500 firms are expected to do just that in 2017, but who, as yet, have not declared what they will do. The following list summarizes the forecast for dividends for each of the companies: Comcast (NASDAQ: CMCSA) - 15% increase Home Depot (NYSE: HD) - 14% increase Cisco Systems (NASDAQ: CSCO) - 15% increase TJX Companies (NYSE: TJX) - 16% increase Vulcan Materials (NYSE: VMC) - 25% increase Being able to do something useful with this knowledge requires some familiarity with the concept of the dividend discount model, where stock prices are recognized as representing the approximate net present value of all dividends that will be paid to shareholders in the future, and also the part of the efficient market hypothesis that says that stock prices will almost instantaneously incorporate information about the future as it becomes known. [In reality, the relationship between the current prices of stocks and their expected future dividends per share is more complex than these two simple assumptions suggest, but we can still put them to work to do something interesting. (Remember the motto: All models are wrong, but some are useful!)] The way we'll do that is to chart the relationship between the stock prices at the beginning of the last several years and the actual annual dividends per share that each company would go on to pay out during each of those years. For the historical data shown in this chart, what we're effectively doing is pretending that investors had perfect knowledge of what dividends each firm would pay out during the year to come, which they incorporated into the closing stock price for each company on the first trading day of each year. We then calculated linear trend lines to approximate the relationship between the first trading day of the year's stock price for each company and the forward annual dividends per share that each would pay, extending the trend lines out past the point of the forecast dividends per share for 2017. We then added one last point, indicating the forecast annual dividends per share for 2017 for each company along with its stock price as of the close of 6 January 2017. As you can see, we obtained some pretty interesting results. For three of the firms, Comcast, TJX and Cisco Systems, we find that the forecast data points for 2017 are all within a fairly small margin of error of the trendlines projected from the historic data. This result suggests that the stock prices of these firms are priced about right. But we have some significant deviations when we look at the forecast values for both Home Depot and Vulcan Materials, where Home Depot's stock would appear to be undervalued and Vulcan Materials would appear to be overvalued. Are they though? Could VMC be experiencing something of a speculative bubble that could soon pop? Or could investors be expecting the board of Vulcan materials to boost the company's dividend by more than what has been forecast for 2017? Similar questions arise about Home Depot. Is the stock price being unnaturally depressed by investor pessimism about the company's future prospects? Or does HD's board have plans for a much smaller dividend increase than the forecast anticipates? And how might potential changes in either Home Depot's or VMC's stock buyback programs change the dividend per share math (and stock prices) for the firms? All you need to do to pick winning trades is to answer questions like these! We should know most of the answers to the questions we've asked in this post by the end of 2017-Q1, if not early in 2017-Q2. On a final note, the kind of analysis we just showed isn't new by any stretch, but more often than not, when it has been presented, has typically been purely backwards-looking. What we're doing that's new is applying it to look forward in time with information that is still potentially actionable. We're looking forward to finding out how it all plays out.