What Do Hedge Funds Think of Vulcan Materials Company (VMC)?

Now, key money managers were leading the bulls’ herd. OZ Management, managed by Daniel S. Och, initiated the largest position in Vulcan Materials Company (NYSE:VMC). OZ Management had $175 million invested in the company at the end of the quarter. Ken Heebner’s Capital Growth Management also made a $68.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management, Alexander Mitchell’s Scopus Asset Management, and Christopher A. Winham’s Tide Point Capital.

Let’s check out hedge fund activity in other stocks similar to Vulcan Materials Company (NYSE:VMC). These stocks are Host Hotels and Resorts Inc (NYSE:HST), Concho Resources Inc. (NYSE:CXO), Stericycle Inc (NASDAQ:SRCL), and Cameron International Corporation (NYSE:CAM). This group of stocks’ market valuations are similar to VMC’s market valuation.

As you can see these stocks had an average of 39.25 hedge funds with bullish positions and the average amount invested in these stocks was $898 million. That figure was $1,532 million in VMC’s case. Cameron International Corporation (NYSE:CAM) is the most popular stock in this table. On the other hand Host Hotels and Resorts Inc (NYSE:HST) is the least popular one with only 29 bullish hedge fund positions. Given that Vulcan Materials Company (NYSE:VMC) is the most popular stock in this group (along with CAM), hedge fund sentiment says VMC is worth a closer look.