Vulcan Materials Company (VMC) is a construction aggregates producer valued at $38.6 billion. Shares have outperformed the market, with a 17.9% gain over the past year. However, the Invesco Building & Construction ETF has performed better, up 26.6% in the same period.
VMC’s outperformance is attributed to increased federal and state funding for construction projects. The company’s cost management framework and the Vulcan Way of Operating have helped drive margin expansion. Despite missing Wall Street expectations in Q2, analysts expect VMC’s EPS to grow by 12% this fiscal year to $8.43.
Analysts covering VMC stock have a consensus rating of “Strong Buy.” Adrian Huerta from JPMorgan Chase & Co. maintains a “Buy” rating with a price target of $285. The mean price target of $303.78 represents a 3.9% premium, with a Street-high target of $340 suggesting an upside potential of 16.3%.
Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on Vulcan Materials Stock?
