Selected Reads

Smartkarma

Equity Bottom-Up

<p><em>This is Matt Reustle. Today, we are breaking down Vulcan Materials. Vulcan is America's largest producer of construction aggregates. This includes all of the crushed rock, sand, and gravel, which gets used for the foundation of nearly everything around us. Think of all of the buildings, the roads, and the infrastructure that define the physical footprint of America. To break down Vulcan, I am joined by Rob Hansen, Senior Analyst at Vontobel Asset Management. Rob shares what makes this relatively</em>…</p>

Morningstar

Morningstar, Inc.

Aggregates producer Vulcan Materials is well positioned to benefit from the ongoing recovery of U.S. construction spending. We forecast strengthening demand growth for the public sector and modest growth for the private sector.Accounting for roughly half of shipments, public-sector demand is generally more stable, and projects, primarily highway construction, are more aggregate-intensive per dollar of spending. At a national level, we expect public infrastructure spending to grow by 6% per year…

After dipping below $85 per share in late October, Vulcan’s share price has continued to rally. It appears that fears of a construction slowdown have waned, especially after Vulcan’s strong start to 2019. Having reported first-quarter earnings, management maintained 2019 guidance. We continue to see little evidence of slowing demand, particularly as it pertains to infrastructure
Vulcan's aggregates performance was strong across the board in the first quarter. Organic volume growth was 11%.…

United States

Vulcan Materials Company produces construction aggregates.  The Company principal product lines are aggregates, asphalt mix and concrete, and cement.