Vulcan Materials Company (VMC) : Stock Yards Bank Trust Co reduced its stake in Vulcan Materials Company by 6.1% during the most recent quarter end. The investment management company now holds a total of 1,925 shares of Vulcan Materials Company which is valued at $211,307 after selling 125 shares in Vulcan Materials Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Vulcan Materials Company makes up approximately 0.03% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in VMC in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 2,857 shares of Vulcan Materials Company which is valued at $304,870.Terra Nova Asset Management reduced its stake in VMC by selling 895 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 10,977 shares of VMC which is valued at $1,171,356. Vulcan Materials Company makes up approx 2.60% of Terra Nova Asset Management’s portfolio. Dorsey Wright Associates sold out all of its stake in VMC during the most recent quarter. The investment firm sold 11,611 shares of VMC which is valued $1,245,048.
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.