Vulcan Materials Company (VMC) : Navellier Associates Inc reduced its stake in Vulcan Materials Company by 14.83% during the most recent quarter end. The investment management company now holds a total of 110,175 shares of Vulcan Materials Company which is valued at $12,957,682 after selling 19,190 shares in Vulcan Materials Company , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Vulcan Materials Company makes up approximately 1.90% of Navellier Associates Inc’s portfolio.
Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in VMC in the latest quarter, The investment management firm added 23,299 additional shares and now holds a total of 90,035 shares of Vulcan Materials Company which is valued at $10,589,016. Vulcan Materials Company makes up approx 0.03% of Great West Life Assurance Co Can’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in VMC by selling 120,442 shares or 80.26% in the most recent quarter. The Hedge Fund company now holds 29,627 shares of VMC which is valued at $3,673,155. Vulcan Materials Company makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.Terra Nova Asset Management reduced its stake in VMC by selling 1,730 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 11,872 shares of VMC which is valued at $1,491,836. Vulcan Materials Company makes up approx 2.48% of Terra Nova Asset Management’s portfolio. Eqis Capital Management added VMC to its portfolio by purchasing 1,873 company shares during the most recent quarter which is valued at $234,106. Vulcan Materials Company makes up approx 0.02% of Eqis Capital Management’s portfolio.Capital Analysts reduced its stake in VMC by selling 14 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 25,496 shares of VMC which is valued at $3,186,745. Vulcan Materials Company makes up approx 0.63% of Capital Analysts’s portfolio.
Vulcan Materials Company opened for trading at $119.12 and hit $121.59 on the upside on Monday, eventually ending the session at $120.24, with a gain of 1.06% or 1.26 points. The heightened volatility saw the trading volume jump to 14,22,353 shares. Company has a market cap of $16,001 M.
On the company’s financial health, Vulcan Materials Company reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $1.01. The company had revenue of $956.80 million for the quarter, compared to analysts expectations of $1020.57 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Investors should note that on Jul 8, 2016, Vulcan Materials Company announced a cash dividend of $0.2000. The company’s management has announced Aug 22, 2016 as the ex-dividend date and fixed the record date on Aug 24, 2016. The payable date has been fixed on Sep 9, 2016.
Many Wall Street Analysts have commented on Vulcan Materials Company. Company shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $127 .Alembic Global Advisors Initiated Vulcan Materials Company on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $125.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 .
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.