Vulcan Materials (VMC)

• Market cap: $36.2B
• 1 day: -0.42%
• 5 days: 2.95%
• 1 month: 4.38%
• 3 months: 8.14%
• 6 months: 5.28%
• Year to date: 7.36%
• 1 year: 20.72%
• 5 years: 93.63%
• 10 years: 292.42%
• Sector: Materials
• Industry: Mining & Quarrying of Nonmetallic Minerals, Except Fuels

About: Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2023, Vulcan sold 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Employees: 10,382

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

72% more call options, than puts

Call options by funds: $115M | Put options by funds: $66.7M

62% more first-time investments, than exits

New positions opened: 118 | Existing positions closed: 73

19% more repeat investments, than reductions

Existing positions increased: 328 | Existing positions reduced: 276

4% more funds holding

Funds holding: 836 [Q2] → 868 (+32) [Q3]

2% less capital invested

Capital invested by funds: $31.9B [Q2] → $31.3B (-$574M) [Q3]

2.29% less ownership

Funds ownership: 97.1% [Q2] → 94.81% (-2.29%) [Q3]

14% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 12 (-2) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $285 4% upside
• Avg. target: $309 12% upside
• High target: $349 27% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Raymond James Patrick Tyler Brown 66% 1-year accuracy 25 / 38 met price target	8% upside $295	Outperform Maintained	16 Jan 2025
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	10% upside $301	Buy Maintained	6 Jan 2025
Stephens & Co. Trey Grooms 79% 1-year accuracy 19 / 24 met price target	18% upside $325	Overweight Reiterated	2 Jan 2025
JP Morgan Adrian Huerta 0% 1-year accuracy 0 / 4 met price target	6% upside $290	Neutral Maintained	27 Nov 2024
UBS Steven Fisher 57% 1-year accuracy 16 / 28 met price target	27% upside $349	Buy Initiated	7 Nov 2024