1,502 Shares in Vulcan Materials Company $VMC Acquired by Thomasville National Bank

Key Points

• Thomasville National Bank has invested approximately $392,000 in Vulcan Materials Company, acquiring 1,502 shares during the second quarter.
• Vulcan Materials reported $2.45 EPS for the last quarter, falling short of analysts' estimated $2.65, with revenue of $2.10 billion compared to a consensus of $2.23 billion.
• The company issued a quarterly dividend of $0.49, with an annualized yield of 0.7% and a dividend payout ratio of 27.37%.

Thomasville National Bank acquired a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,502 shares of the construction company's stock, valued at approximately $392,000.

Other hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Vulcan Materials in the 1st quarter worth about $27,000. Manchester Capital Management LLC raised its position in shares of Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after purchasing an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Vulcan Materials in the 1st quarter valued at about $45,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $46,000. Finally, Rakuten Securities Inc. acquired a new position in Vulcan Materials in the 1st quarter valued at about $54,000. Institutional investors own 90.39% of the company's stock.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

Vulcan Materials Stock Down 0.4%

Shares of VMC traded down $1.07 during midday trading on Friday, hitting $297.51. The company had a trading volume of 1,291,344 shares, compared to its average volume of 691,888. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $302.21. The company's 50-day simple moving average is $284.65 and its 200-day simple moving average is $264.17. 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 firm has a market capitalization of $39.31 billion, a P/E ratio of 41.55, a P/E/G ratio of 2.43 and a beta of 0.86.

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

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio is 27.37%.

About Vulcan Materials

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.