Cibc World Markets Corp Has $18.41 Million Stake in Vulcan Materials (NYSE:VMC)

Cibc World Markets Corp lifted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 298.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,582 shares of the construction company's stock after purchasing an additional 53,631 shares during the period. Cibc World Markets Corp owned 0.05% of Vulcan Materials worth $18,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VMC. SlateStone Wealth LLC lifted its position in shares of Vulcan Materials by 0.7% in the fourth quarter. SlateStone Wealth LLC now owns 24,905 shares of the construction company's stock worth $6,406,000 after buying an additional 161 shares during the last quarter. one8zero8 LLC bought a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $450,000. Frank Rimerman Advisors LLC lifted its holdings in Vulcan Materials by 13.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,867 shares of the construction company's stock worth $480,000 after purchasing an additional 225 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Vulcan Materials by 4.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 24,000 shares of the construction company's stock worth $6,174,000 after purchasing an additional 1,000 shares during the period. Finally, Impact Capital Partners LLC acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $253,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

NYSE VMC traded down $4.17 on Friday, reaching $234.55. The company's stock had a trading volume of 2,063,048 shares, compared to its average volume of 1,025,375. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market cap of $30.99 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The business has a 50-day moving average price of $256.93 and a 200 day moving average price of $260.34.

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Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $1.46 EPS. Sell-side analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's payout ratio is 28.61%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VMC shares. Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a report on Monday, January 6th. Stifel Nicolaus started coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $287.00 target price for the company. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and an average target price of $302.67.

About Vulcan Materials

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.