Webster Bank N. A. adds Vulcan Materials Company (VMC) to its portfolio

Vulcan Materials Company (VMC) : Webster Bank N. A. added new position in Vulcan Materials Company during the most recent quarter end. The investment management firm now holds 12,278 shares of Vulcan Materials Company which is valued at $1,347,756 , the company said in a statement filed on Oct 14, 2016 with the SEC.Vulcan Materials Company makes up approximately 0.20% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in VMC in the latest quarter, The investment management firm added 834 additional shares and now holds a total of 27,011 shares of Vulcan Materials Company which is valued at $2,964,997. Vulcan Materials Company makes up approx 0.07% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Legal General Group Plc reduced its stake in VMC by selling 7,784 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 566,505 shares of VMC which is valued at $60,451,749. Vulcan Materials Company makes up approx 0.06% of Legal General Group Plc’s portfolio.Carroll Financial Associates boosted its stake in VMC in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 1,416 shares of Vulcan Materials Company which is valued at $151,838. Vulcan Materials Company makes up approx 0.02% of Carroll Financial Associates’s portfolio.First Mercantile Trust Co boosted its stake in VMC in the latest quarter, The investment management firm added 19,610 additional shares and now holds a total of 25,830 shares of Vulcan Materials Company which is valued at $2,750,120. Vulcan Materials Company makes up approx 0.37% of First Mercantile Trust Co’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.

Vulcan Materials Company opened for trading at $109.66 and hit $110.22 on the upside on Friday, eventually ending the session at $109.77, with a gain of 0.92% or 1 points. The heightened volatility saw the trading volume jump to 10,82,327 shares. Company has a market cap of $14,607 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 Oct 14, 2016, Vulcan Materials Company announced a cash dividend of $0.2000. The company’s management has announced Nov 21, 2016 as the ex-dividend date and fixed the record date on Nov 23, 2016. The payable date has been fixed on Dec 9, 2016.

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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