Broadview Advisors buys $25,308,700 stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : Broadview Advisors scooped up 1,550 additional shares in Vulcan Materials Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 187,750 shares of Vulcan Materials Company which is valued at $25,308,700.Vulcan Materials Company makes up approximately 3.51% of Broadview Advisors’s portfolio.

Other Hedge Funds, Including , Capital Analysts reduced its stake in VMC by selling 1,160 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 24,336 shares of VMC which is valued at $3,280,493. Vulcan Materials Company makes up approx 0.63% of Capital Analysts’s portfolio.Denver Investment Advisors boosted its stake in VMC in the latest quarter, The investment management firm added 2,562 additional shares and now holds a total of 12,756 shares of Vulcan Materials Company which is valued at $1,735,326. Vulcan Materials Company makes up approx 0.07% of Denver Investment Advisors’s portfolio.Victory Capital Management Inc boosted its stake in VMC in the latest quarter, The investment management firm added 7,934 additional shares and now holds a total of 9,634 shares of Vulcan Materials Company which is valued at $1,099,432.Quantitative Investment Management reduced its stake in VMC by selling 18,500 shares or 37.53% in the most recent quarter. The Hedge Fund company now holds 30,800 shares of VMC which is valued at $3,466,848. Vulcan Materials Company makes up approx 0.12% of Quantitative Investment Management’s portfolio.Btc Capital Management reduced its stake in VMC by selling 4,495 shares or 13.96% in the most recent quarter. The Hedge Fund company now holds 27,706 shares of VMC which is valued at $3,108,613. Vulcan Materials Company makes up approx 0.66% of Btc Capital Management’s portfolio.

Vulcan Materials Company closed down -1.68 points or -1.29% at $128.2 with 14,15,767 shares getting traded on Monday. Post opening the session at $129.22, the shares hit an intraday low of $128.07 and an intraday high of $130.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Vulcan Materials Company reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $1.10. The company had revenue of $1008.00 million for the quarter, compared to analysts expectations of $1089.62 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Vulcan Materials Company. Vulcan Materials Company was Downgraded by BofA/Merrill to ” Neutral” on Nov 16, 2016. Vulcan Materials Company was Upgraded by SunTrust to ” Buy” on Oct 26, 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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