Cibc World Market Inc. Purchases Shares of 50,469 Vulcan Materials (NYSE:VMC)

Cibc World Market Inc. purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,469 shares of the construction company's stock, valued at approximately $12,982,000.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after buying an additional 113 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $42,000. Finally, Asset Dedication LLC boosted its position in shares of Vulcan Materials by 146.5% during the third quarter. Asset Dedication LLC now owns 175 shares of the construction company's stock valued at $44,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.8 %

NYSE:VMC traded up $2.14 during trading hours on Wednesday, hitting $274.21. The company's stock had a trading volume of 758,155 shares, compared to its average volume of 672,520. The stock has a fifty day moving average of $270.25 and a 200-day moving average of $260.92. The stock has a market capitalization of $36.21 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent analyst reports. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research note on Thursday, January 16th. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Stephens reiterated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus price target of $301.18.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.