Professional
Added to YB: 2024-04-26
Pitch date: 2024-03-31
VMC [bullish]
Vulcan Materials Company
+4.64%
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
$269.14
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 Real Estate Fund Added On Position: Vulcan Materials Company
VMC: Largest US aggregates producer. 90% profit from crushed stone, sand, gravel mining. Barriers to entry (5-10yr permit process), pricing power (4% avg increase over 30yrs). Growth drivers: Infrastructure spending acceleration, private construction rebound, strong pricing, margin expansion focus. Mid-teens annual return potential.
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