Theleme Partners Llp buys $229.9 Million stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : Theleme Partners Llp scooped up 245,000 additional shares in Vulcan Materials Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,987,772 shares of Vulcan Materials Company which is valued at $229.9 Million.Vulcan Materials Company makes up approximately 15.12% of Theleme Partners Llp’s portfolio.

Other Hedge Funds, Including , Frigate Ventures Lp boosted its stake in VMC in the latest quarter, The investment management firm added 23,800 additional shares and now holds a total of 83,800 shares of Vulcan Materials Company which is valued at $9.7 Million. Vulcan Materials Company makes up approx 6.32% of Frigate Ventures Lp’s portfolio. Chartwell Investment Partners added VMC to its portfolio by purchasing 15,650 company shares during the most recent quarter which is valued at $1.8 Million. Vulcan Materials Company makes up approx 0.04% of Chartwell Investment Partners’s portfolio. Ipswich Investment Management added VMC to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $34,692. Vulcan Materials Company makes up approx 0.02% of Ipswich Investment Management’s portfolio. Gideon Capital Advisors added VMC to its portfolio by purchasing 2,172 company shares during the most recent quarter which is valued at $251,170. Vulcan Materials Company makes up approx 0.31% of Gideon Capital Advisors’s portfolio.Welch Group boosted its stake in VMC in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 27,498 shares of Vulcan Materials Company which is valued at $3.1 Million. Vulcan Materials Company makes up approx 0.52% of Welch Group’s portfolio.

Vulcan Materials Company opened for trading at $119.31 and hit $120.31 on the upside on Wednesday, eventually ending the session at $120.07, with a gain of 0.79% or 0.94 points. The heightened volatility saw the trading volume jump to 6,64,722 shares. Company has a market cap of $15,992 M.

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 Stifel on May 16, 2016 to “Buy”, Firm has raised the Price Target to $ 131 from a previous price target of $123 .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 .

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.

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