41,719 Shares in Vulcan Materials Company $VMC Acquired by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the third quarter, HoldingsChannel reports. The institutional investor acquired 41,719 shares of the construction company’s stock, valued at approximately $12,834,000.

A number of other large investors have also added to or reduced their stakes in the stock. Westside Investment Management Inc. increased its holdings in shares of Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Vulcan Materials in the 3rd quarter worth about $29,000. Atlantic Union Bankshares Corp purchased a new stake in Vulcan Materials during the 2nd quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Vulcan Materials during the 3rd quarter valued at about $42,000. Finally, Bayforest Capital Ltd purchased a new position in Vulcan Materials in the third quarter worth about $46,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. B. Riley Financial started coverage on shares of Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 price target on the stock. Raymond James Financial upped their price objective on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada reduced their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Barclays boosted their price target on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Citigroup increased their price objective on Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.38.

Insider Buying and Selling at Vulcan Materials

In other news, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares in the company, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,800 shares of company stock worth $2,919,554 in the last three months. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

VMC stock opened at $322.38 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $331.09. The company has a market cap of $42.60 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The stock’s fifty day moving average price is $300.64 and its 200-day moving average price is $295.10.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.