First Mercantile Trust Co buys $2,750,120 stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : First Mercantile Trust Co scooped up 19,610 additional shares in Vulcan Materials Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 25,830 shares of Vulcan Materials Company which is valued at $2,750,120.Vulcan Materials Company makes up approximately 0.37% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in VMC in the latest quarter, The investment management firm added 23,455 additional shares and now holds a total of 60,117 shares of Vulcan Materials Company which is valued at $6,573,794. Vulcan Materials Company makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in VMC in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 1,899 shares of Vulcan Materials Company which is valued at $207,656. Vulcan Materials Company makes up approx 0.01% of Eqis Capital Management’s portfolio.Harbour Capital Advisors boosted its stake in VMC in the latest quarter, The investment management firm added 1,765 additional shares and now holds a total of 8,415 shares of Vulcan Materials Company which is valued at $920,180. Vulcan Materials Company makes up approx 0.50% of Harbour Capital Advisors’s portfolio.

Vulcan Materials Company closed down -4.81 points or -4.32% at $106.47 with 27,46,341 shares getting traded on Friday. Post opening the session at $111.01, the shares hit an intraday low of $106.135 and an intraday high of $111.24 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 .

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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