Gratry Co Lowers stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : Gratry Co reduced its stake in Vulcan Materials Company by 2.4% during the most recent quarter end. The investment management company now holds a total of 2,435 shares of Vulcan Materials Company which is valued at $289,570 after selling 60 shares in Vulcan Materials Company , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Vulcan Materials Company makes up approximately 0.22% of Gratry Co’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in VMC in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 315,200 shares of Vulcan Materials Company which is valued at $37,483,584. Vulcan Materials Company makes up approx 0.05% of New York State Common Retirement Fund’s portfolio.Proficio Capital Partners reduced its stake in VMC by selling 13 shares or 26.53% in the most recent quarter. The Hedge Fund company now holds 36 shares of VMC which is valued at $4,463.Narwhal Capital Management reduced its stake in VMC by selling 5,243 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 416,080 shares of VMC which is valued at $52,284,613. Vulcan Materials Company makes up approx 15.98% of Narwhal Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in VMC in the latest quarter, The investment management firm added 6,505 additional shares and now holds a total of 26,092 shares of Vulcan Materials Company which is valued at $3,261,239. Vulcan Materials Company makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Davis R M Inc reduced its stake in VMC by selling 315 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 14,560 shares of VMC which is valued at $1,819,854. Vulcan Materials Company makes up approx 0.09% of Davis R M Inc’s portfolio.

Vulcan Materials Company closed down -1.4 points or -1.19% at $116.7 with 12,16,759 shares getting traded on Friday. Post opening the session at $117.56, the shares hit an intraday low of $115.99 and an intraday high of $118.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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.

Leave a Reply

Vulcan Materials Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Vulcan Materials Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.