Is Vulcan Materials Company (NYSE:VMC) worth your attention right now? Prominent investors are becoming more confident. The number of bullish hedge fund bets increased by 5 lately.
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Just as key, bullish insider trading activity is another way to parse down the stock market universe. Obviously, there are a variety of reasons for a bullish insider to drop shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this strategy if investors know what to do (learn more here).
Keeping this in mind, it’s important to take a peek at the key action surrounding Vulcan Materials Company (NYSE:VMC).
How have hedgies been trading Vulcan Materials Company (NYSE:VMC)?
Heading into 2013, a total of 19 of the hedge funds we track were bullish in this stock, a change of 36% from the third quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their holdings considerably.
According to our comprehensive database, Mason Hawkins’s Southeastern Asset Management had the largest position in Vulcan Materials Company (NYSE:VMC), worth close to $469 million, comprising 2.1% of its total 13F portfolio. The second largest stake is held by First Eagle Investment Management, managed by Jean-Marie Eveillard, which held a $315 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Donald Chiboucis’s Columbus Circle Investors, Robert Pohly’s Samlyn Capital and Phill Gross and Robert Atchinson’s Adage Capital Management.
As industrywide interest jumped, key hedge funds were breaking ground themselves. Millennium Management, managed by Israel Englander, initiated the biggest position in Vulcan Materials Company (NYSE:VMC). Millennium Management had 6 million invested in the company at the end of the quarter. John Fichthorn’s Dialectic Capital Management also made a $4 million investment in the stock during the quarter. The other funds with brand new VMC positions are Israel Englander’s Catapult Capital Management, Ken Brodkowitz and Mike Vermut’s Newland Capital, and Cliff Asness’s AQR Capital Management.
What do corporate executives and insiders think about Vulcan Materials Company (NYSE:VMC)?
Bullish insider trading is at its handiest when the company in focus has seen transactions within the past 180 days. Over the latest 180-day time frame, Vulcan Materials Company (NYSE:VMC) has seen zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
With the returns exhibited by the aforementioned strategies, retail investors should always keep an eye on hedge fund and insider trading activity, and Vulcan Materials Company (NYSE:VMC) is an important part of this process.
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