Narwhal Capital Management Position in Vulcan Matls Co (VMC) Cut by $10.42 Million

April 17, 2018 - By Adrian Mccoy

Vulcan Materials Company (NYSE:VMC) LogoInvestors sentiment increased to 1.25 in 2017 Q4. 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. Livingston Group Asset Mgmt Co (Operating As Southport Cap Management) invested in 0.08% or 1,558 shares. Keybank Natl Association Oh reported 0.01% in Vulcan Materials Company (NYSE:VMC). Lombard Odier Asset Mngmt (Usa) reported 0.49% of its portfolio in Vulcan Materials Company (NYSE:VMC). Walleye Trading Ltd Llc has 0.01% invested in Vulcan Materials Company (NYSE:VMC). Monetary Management Gru reported 0.06% in Vulcan Materials Company (NYSE:VMC). Global X Management Co Ltd Com has invested 0.03% in Vulcan Materials Company (NYSE:VMC). Buffington Mohr Mcneal owns 2,225 shares. 46,000 are held by Employees Retirement Sys Of Texas. Howard Cap Management holds 1.4% in Vulcan Materials Company (NYSE:VMC) or 74,434 shares. Bluestein R H accumulated 198,184 shares or 1.32% of the stock. Moreover, Harvey Cap Mgmt has 1.88% invested in Vulcan Materials Company (NYSE:VMC) for 40,335 shares. The France-based Capital Fund Management Sa has invested 0.02% in Vulcan Materials Company (NYSE:VMC). Rainier Inv Management stated it has 1.38% of its portfolio in Vulcan Materials Company (NYSE:VMC). Bamco Incorporated invested in 0.23% or 384,564 shares. Cornerstone Advisors Inc invested in 0% or 47 shares.

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 $15.54 billion market cap company. The stock increased 2.32% or $2.66 during the last trading session, reaching $117.4. About 1.13 million shares traded. Vulcan Materials Company (NYSE:VMC) has risen 1.98% since April 17, 2017 and is uptrending. It has underperformed by 9.57% the S&P500.

Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on May, 9. They expect $0.31 EPS, down 8.82 % or $0.03 from last year’s $0.34 per share. VMC’s profit will be $41.03M for 94.68 P/E if the $0.31 EPS becomes a reality. After $0.74 actual EPS reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts -58.11 % negative EPS growth.

Vulcan Materials Company (NYSE:VMC) Ratings Coverage

Among 6 analysts covering Vulcan Materials (NYSE:VMC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Vulcan Materials had 12 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of Vulcan Materials Company (NYSE:VMC) has “Buy” rating given on Wednesday, January 3 by Stephens. The stock has “Buy” rating by RBC Capital Markets on Friday, November 3. Barclays Capital initiated Vulcan Materials Company (NYSE:VMC) on Tuesday, December 12 with “Buy” rating. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Citigroup on Tuesday, February 27. Jefferies maintained the stock with “Hold” rating in Friday, February 16 report. The firm earned “Neutral” rating on Thursday, October 19 by Bank of America. Jefferies maintained the shares of VMC in report on Wednesday, January 17 with “Hold” rating. The firm has “Buy” rating by Stephens given on Friday, April 13. Jefferies maintained the stock with “Hold” rating in Thursday, November 2 report. The stock has “Neutral” rating by Bank of America on Monday, February 5.

Vulcan Materials Company (NYSE:VMC) Institutional Positions Chart

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