Vulcan Materials Company (VMC) : Nicholas Investment Partners Lp reduced its stake in Vulcan Materials Company by 27.38% during the most recent quarter end. The investment management company now holds a total of 80,248 shares of Vulcan Materials Company which is valued at $9,543,092 after selling 30,259 shares in Vulcan Materials Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Vulcan Materials Company makes up approximately 0.82% of Nicholas Investment Partners Lp’s portfolio.
Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in VMC during the most recent quarter. The investment firm sold 66,364 shares of VMC which is valued $7,892,007.Blackrock Japan Ltd reduced its stake in VMC by selling 493 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 164,760 shares of VMC which is valued at $19,593,259. Vulcan Materials Company makes up approx 0.07% of Blackrock Japan Ltd’s portfolio. Hudson Bay Capital Management Lp added VMC to its portfolio by purchasing 7,801 company shares during the most recent quarter which is valued at $927,695. Vulcan Materials Company makes up approx 0.09% of Hudson Bay Capital Management Lp’s portfolio.Princeton Capital Management Inc reduced its stake in VMC by selling 11 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 12,634 shares of VMC which is valued at $1,587,588. Vulcan Materials Company makes up approx 1.03% of Princeton Capital Management Inc’s portfolio.
Vulcan Materials Company opened for trading at $116 and hit $117.56 on the upside on Monday, eventually ending the session at $116.85, with a gain of 0.66% or 0.77 points. The heightened volatility saw the trading volume jump to 5,75,871 shares. Company has a market cap of $15,549 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.
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.