Maverick Capital Ltd buys $146,231,048 stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : Maverick Capital Ltd scooped up 622,662 additional shares in Vulcan Materials Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,229,659 shares of Vulcan Materials Company which is valued at $146,231,048.Vulcan Materials Company makes up approximately 2.15% of Maverick Capital Ltd’s portfolio.

Other Hedge Funds, Including , Element Capital Management reduced its stake in VMC by selling 392 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 8,197 shares of VMC which is valued at $974,787. Vulcan Materials Company makes up approx 0.13% of Element Capital Management’s portfolio. Dynamic Technology Lab Private Ltd sold out all of its stake in VMC during the most recent quarter. The investment firm sold 6,100 shares of VMC which is valued $725,412. Twin Capital Management Inc added VMC to its portfolio by purchasing 13,910 company shares during the most recent quarter which is valued at $1,684,501. Vulcan Materials Company makes up approx 0.12% of Twin Capital Management Inc’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in VMC by selling 292 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 42,933 shares of VMC which is valued at $5,426,731. Vulcan Materials Company makes up approx 0.04% of Robeco Institutional Asset Management B.v.’s portfolio.

Vulcan Materials Company closed down -1.49 points or -1.31% at $112.38 with 19,19,288 shares getting traded on Thursday. Post opening the session at $113.32, the shares hit an intraday low of $110.68 and an intraday high of $113.32 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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