As Vulcan Matls Co (VMC) Stock Price Rose, Narwhal Capital Management Decreased Its Position by $8.54 Million

June 20, 2017 - By Peter Erickson

Investors sentiment decreased to 1.05 in 2016 Q4. Its down 0.06, from 1.11 in 2016Q3. It is negative, as 49 investors sold VMC shares while 177 reduced holdings. 81 funds opened positions while 156 raised stakes. 112.74 million shares or 1.22% less from 114.14 million shares in 2016Q3 were reported. The New Jersey-based Princeton Capital has invested 1.05% in Vulcan Materials Company (NYSE:VMC). Paradigm Asset Mngmt Com Ltd has 36,850 shares. Stifel Fin owns 56,335 shares or 0.03% of their US portfolio. Veritable LP invested in 0.01% or 3,024 shares. Ridgeworth Capital Ltd Liability reported 103,209 shares. Loomis Sayles Ltd Partnership has invested 0.1% in Vulcan Materials Company (NYSE:VMC). Janus Capital Ltd Llc holds 3.37M shares. Chem Natl Bank accumulated 0.06% or 4,516 shares. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0% in Vulcan Materials Company (NYSE:VMC). Millennium Limited Com holds 0.01% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 54,955 shares. Everpoint Asset Mgmt Limited Liability Corporation holds 20,000 shares. The Texas-based Texas Permanent School Fund has invested 0.07% in Vulcan Materials Company (NYSE:VMC). Westpac Bk Corp stated it has 7,897 shares. The Missouri-based Amer Century has invested 0.2% in Vulcan Materials Company (NYSE:VMC). Cambridge Invest Research Advsrs Inc owns 8,176 shares for 0.02% of their portfolio.

Narwhal Capital Management decreased its stake in Vulcan Matls Co (VMC) by 16.43% based on its latest 2016Q4 regulatory filing with the SEC. Narwhal Capital Management sold 68,350 shares as the company’s stock rose 5.55% with the market. The hedge fund held 347,730 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2016Q4, valued at $43.52 million, down from 416,080 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 $17.31 billion market cap company. The stock increased 0.66% or $0.86 during the last trading session, reaching $130.24. About shares traded. Vulcan Materials Company (NYSE:VMC) has risen 10.59% since June 20, 2016 and is uptrending. It has underperformed by 6.11% the S&P500.

More notable recent Vulcan Materials Company (NYSE:VMC) news were published by: Zacks.com which released: “Why Vulcan Materials (VMC) Stock Might be a Great Pick” on May 26, 2017, also Prnewswire.com with their article: “Vulcan Announces Agreement To Acquire Aggregates USA LLC” published on May 25, 2017, Prnewswire.com published: “How These General Building Materials Stocks are Performing? — USG Corp …” on June 16, 2017. More interesting news about Vulcan Materials Company (NYSE:VMC) were released by: Reuters.com and their article: “BRIEF-Vulcan Materials to buy Aggregates USA LLC for $900 mln” published on May 25, 2017 as well as Al.com‘s news article titled: “Vulcan Materials to buy competitor in $900 million deal” with publication date: May 30, 2017.

Vulcan Materials Company (NYSE:VMC) Ratings Coverage

Among 11 analysts covering Vulcan Materials Company (NYSE:VMC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Vulcan Materials Company had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $118 target in Thursday, November 19 report. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Argus Research on Friday, August 14. The company was initiated on Wednesday, March 29 by Citigroup. The stock of Vulcan Materials Company (NYSE:VMC) earned “Neutral” rating by Alembic on Thursday, June 9. The stock of Vulcan Materials Company (NYSE:VMC) earned “Neutral” rating by DA Davidson on Monday, August 17. The firm has “Buy” rating given on Wednesday, October 26 by Suntrust Robinson. Bank of America downgraded the shares of VMC in report on Wednesday, November 16 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 5. Stifel Nicolaus maintained Vulcan Materials Company (NYSE:VMC) rating on Monday, May 16. Stifel Nicolaus has “Buy” rating and $131 target.

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