Vulcan Matls Co (VMC) Holder Narwhal Capital Management Has Lowered Its Stake

May 20, 2018 - By reb123z

Vulcan Materials Company (NYSE:VMC) LogoInvestors sentiment increased to 1.25 in Q4 2017. Its up 0.19, from 1.06 in 2017Q3. It increased, as 35 investors sold VMC shares while 152 reduced holdings. 65 funds opened positions while 168 raised stakes. 118.61 million shares or 2.84% more from 115.33 million shares in 2017Q3 were reported. Moreover, Patten Group has 0.58% invested in Vulcan Materials Company (NYSE:VMC). Franklin Res holds 0.01% or 227,721 shares. The Virginia-based Thompson Siegel And Walmsley Ltd has invested 0% in Vulcan Materials Company (NYSE:VMC). Parkside Comml Bank And Trust accumulated 154 shares or 0.01% of the stock. Impala Asset Ltd owns 0.33% invested in Vulcan Materials Company (NYSE:VMC) for 72,974 shares. Impax Asset Management Limited Liability Company invested in 0.7% or 95,000 shares. 47 are owned by Cornerstone Advisors Incorporated. Virtu Fincl Ltd holds 1,887 shares. Qs Investors Ltd Liability Co reported 5,464 shares or 0.01% of all its holdings. Utah Retirement holds 0.07% or 24,460 shares. Baystate Wealth Management Ltd Co reported 10 shares. Wolverine Asset Limited Liability Company reported 205 shares. Adirondack Co has invested 0% in Vulcan Materials Company (NYSE:VMC). Mai Capital reported 0.57% stake. The Texas-based Texas Permanent School Fund has invested 0.06% in Vulcan Materials Company (NYSE:VMC).

Narwhal Capital Management decreased its stake in Vulcan Matls Co (VMC) by 23.47% based on its latest 2017Q4 regulatory filing with the SEC. Narwhal Capital Management sold 81,370 shares as the company’s stock declined 7.65% with the market. The hedge fund held 265,311 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q4, valued at $34.06M, down from 346,681 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Vulcan Matls Co for a number of months, seems to be less bullish one the $17.08 billion market cap company. The stock increased 2.51% or $3.16 during the last trading session, reaching $129.2. About 1.66M shares traded or 16.53% up from the average. Vulcan Materials Company (NYSE:VMC) has risen 1.98% since May 20, 2017 and is uptrending. It has underperformed by 9.57% the S&P500.

Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on August, 1. They expect $1.39 EPS, up 54.44 % or $0.49 from last year’s $0.9 per share. VMC’s profit will be $183.73M for 23.24 P/E if the $1.39 EPS becomes a reality. After $0.44 actual EPS reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts 215.91 % EPS growth.

More recent Vulcan Materials Company (NYSE:VMC) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. Also Seekingalpha.com published the news titled: “Vulcan Materials (VMC) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Seekingalpha.com‘s news article titled: “Home Repair Projects And Eventual Infrastructure Spending Will Benefit These 5 Housing-Related Stocks” with publication date: May 20, 2018 was also an interesting one.

Vulcan Materials Company (NYSE:VMC) Ratings Coverage

Among 5 analysts covering Vulcan Materials (NYSE:VMC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Vulcan Materials had 11 analyst reports since December 12, 2017 according to SRatingsIntel. Citigroup maintained Vulcan Materials Company (NYSE:VMC) on Tuesday, February 27 with “Buy” rating. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Citigroup on Thursday, January 25. Barclays Capital initiated the stock with “Buy” rating in Tuesday, December 12 report. The stock of Vulcan Materials Company (NYSE:VMC) has “Buy” rating given on Wednesday, January 3 by Stephens. Jefferies maintained the stock with “Hold” rating in Friday, February 16 report. Bank of America maintained Vulcan Materials Company (NYSE:VMC) rating on Monday, February 5. Bank of America has “Neutral” rating and $139 target. On Monday, April 23 the stock rating was maintained by Jefferies with “Hold”. The stock has “Buy” rating by Stephens on Friday, April 13. The firm has “Buy” rating given on Wednesday, May 2 by Bank of America. The stock of Vulcan Materials Company (NYSE:VMC) has “Hold” rating given on Wednesday, January 17 by Jefferies.

Vulcan Materials Company (NYSE:VMC) Institutional Positions Chart

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