Vulcan Materials (NYSE:VMC) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 661,625 shares of the construction company’s stock after selling 2,716 shares during the quarter. Vulcan Materials comprises about 3.6% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 6th biggest position. Fenimore Asset Management Inc’s holdings in Vulcan Materials were worth $170,190,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the third quarter valued at $811,000. Campbell Newman Asset Management Inc. acquired a new stake in shares of Vulcan Materials during the 4th quarter worth about $15,719,000. Franklin Resources Inc. grew its holdings in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after buying an additional 33,051 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $612,000. Finally, Heritage Family Offices LLP purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $994,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $277.61 on Friday. The company’s fifty day simple moving average is $271.50 and its 200-day simple moving average is $259.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 52 week low of $221.01 and a 52 week high of $298.31. The company has a market cap of $36.66 billion, a PE ratio of 43.79, a P/E/G ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stephens reiterated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

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.