Professional
Added to YB: 2024-08-27
Pitch date: 2024-06-30
VMC [bullish]
Vulcan Materials Company
+14.25%
current return
Author Info
No bio for this author
Company Info
Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete.
Market Cap
$40.6B
Pitch Price
$246.49
Price Target
N/A
Dividend
0.67%
EV/EBITDA
18.46
P/E
38.13
EV/Sales
5.71
Sector
Construction Materials
Category
growth
Baron Asset Fund New Position: Vulcan Materials Company
VMC: Largest US aggregates producer, 90% profit from quarries. High barriers, strong pricing power (4% annual increase). Infrastructure spending accelerating due to federal act & state budgets. Private construction may rise on housing shortage & non-residential needs. Expect above-trend price growth to continue.
Read full article (2 min)