5,681 Shares in Vulcan Materials Company $VMC Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO acquired 5,681 shares of Vulcan Materials Company, valued at approximately $1,482,000, during the 2nd quarter, indicating increased institutional interest in the stock.
• Recent analyst reports show a mixed outlook for Vulcan Materials, with Barclays raising its price target to $305 and JPMorgan increasing it to $330, while Morgan Stanley decreased its target to $285.
• Vulcan Materials recently declared a quarterly dividend of $0.49 per share, providing a yield of 0.7% and reflecting a dividend payout ratio of 27.37%.

Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 5,681 shares of the construction company's stock, valued at approximately $1,482,000.

Several other institutional investors also recently added to or reduced their stakes in VMC. Opal Wealth Advisors LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $27,000. Manchester Capital Management LLC increased its position in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $45,000. Rakuten Securities Inc. bought a new position in Vulcan Materials in the 1st quarter worth approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Vulcan Materials by 866.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 232 shares of the construction company's stock worth $61,000 after buying an additional 208 shares during the period. 90.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays lifted their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley lowered their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Royal Bank Of Canada decreased their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, Citigroup restated a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $308.36.

Vulcan Materials Stock Up 0.5%

NYSE:VMC opened at $299.16 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The company has a market cap of $39.52 billion, a PE ratio of 41.78, a PEG ratio of 2.43 and a beta of 0.86. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.21. The stock has a 50-day simple moving average of $285.24 and a 200 day simple moving average of $264.71.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 earnings per share. On average, sell-side analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is currently 27.37%.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.