Vulcan Materials Company Up 5.89% To $256.75 After Earnings

Vulcan Materials Company (VMC) missed earnings estimates for Q4 2023 this morning.

reported that it broke-even during the quarter.

The stock is up 5.89% to $256.75 after the report.

The firm’s lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Vulcan Materials Company has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 78, putting Vulcan Materials Company in the top 25% of stocks. The firm was recently trading at a 52-week high of $244.6 on February 15, 2024 and set a 52-week low on March 15, 2023 at $159.76.

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 2021, Vulcan sold 222.9 million tons of aggregates, 11.4 million tons of asphalt mix, and 5.6 million cubic yards of ready-mix. As of Dec. 31, 2021, the company had nearly 16 billion tons of aggregates reserves.

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