Vulcan Materials (NYSE:VMC) is Fenimore Asset Management Inc's 8th Largest Position

Fenimore Asset Management Inc boosted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 663,813 shares of the construction company's stock after acquiring an additional 2,188 shares during the period. Vulcan Materials accounts for about 3.3% of Fenimore Asset Management Inc's investment portfolio, making the stock its 8th largest position. Fenimore Asset Management Inc owned about 0.50% of Vulcan Materials worth $154,868,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in Vulcan Materials in the 4th quarter valued at about $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials in the 4th quarter valued at about $32,000. Kapitalo Investimentos Ltda purchased a new position in Vulcan Materials in the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter worth about $46,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 1.5%

NYSE:VMC traded down $4.00 during mid-day trading on Wednesday, hitting $261.11. The company had a trading volume of 717,972 shares, compared to its average volume of 969,000. The business has a fifty day simple moving average of $257.05 and a 200-day simple moving average of $258.83. The firm has a market capitalization of $34.49 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Equities analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.75%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VMC. Citigroup reissued a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Argus upgraded Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Stifel Nicolaus lifted their price objective on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the sale, the senior vice president now owns 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

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.