Vulcan Materials Company (VMC) : Braun Stacey Associates Inc reduced its stake in Vulcan Materials Company by 0.54% during the most recent quarter end. The investment management company now holds a total of 194,282 shares of Vulcan Materials Company which is valued at $22,231,689 after selling 1,049 shares in Vulcan Materials Company , the firm said in a disclosure report filed with the SEC on May 2, 2016.Vulcan Materials Company makes up approximately 1.44% of Braun Stacey Associates Inc’s portfolio.
Vulcan Materials Company closed down -0.07 points or -0.06% at $114.43 with 9,70,875 shares getting traded on Friday. Post opening the session at $114.25, the shares hit an intraday low of $112.51 and an intraday high of $114.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in VMC by selling 600 shares or 7.76% in the most recent quarter. The Hedge Fund company now holds 7,127 shares of VMC which is valued at $767,079. Burt Wealth Advisors added VMC to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $1,292.Louisiana State Employees Retirement System reduced its stake in VMC by selling 400 shares or 4.3% in the most recent quarter. The Hedge Fund company now holds 8,900 shares of VMC which is valued at $957,907. Vulcan Materials Company makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. Quantitative Systematic Strategies sold out all of its stake in VMC during the most recent quarter. The investment firm sold 5,394 shares of VMC which is valued $587,353.
On the company’s financial health, Vulcan Materials Company reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.07. The company had revenue of $754.70 million for the quarter, compared to analysts expectations of $702.14 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.
Many Wall Street Analysts have commented on Vulcan Materials Company. Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 127 from a previous price target of $114 .Company shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 106 from a previous price target of $98 .
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates Concrete Asphalt Mix and Calcium. The Aggregates segment produces and sells aggregates (crushed stone sand and gravel sand and other aggregates) and related products and services (transportation and other). The Company produces and sells ready-mixed concrete in Georgia Maryland New Mexico Texas Virginia Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona California New Mexico and Texas. The Company’s Calcium segment operates a quarry at Brooksville Florida which provides feedstock for the ground calcium operation.