Schroder Investment Management Group and Cibc World Markets Corp have increased their holdings in Vulcan Materials (NYSE:VMC), despite mixed market performance. Vulcan's stock has yielded a 15% CAGR over the past five years, with shareholders seeing notable returns. However, the stock has frequently underperformed, with shares being sold by Franklin Resources Inc. and Northern Trust Corp. Insiders have also offloaded stock, with the president of Vulcan Materials selling over $4.1 million in company stock. There have been periods of stock rise, but overall, it has underperformed the market.
Vulcan Materials reported its first quarter 2024 and full year 2023 results, signaling strong earnings growth and margin expansion. Despite challenging conditions, the Q1 2024 earnings aligned with EPS projections. Still, the value of Vulcan can be questioned as it doesn't offer a safety margin although it has strong pricing momentum. Corporate responsibility, employee commitment, and senior leadership changes are the highlights of recent developments.
Currently, the average brokerages' recommendation for Vulcan is a 'Moderate Buy'.
Vulcan Materials Company VMC News Analytics from Fri, 23 Jun 2023 07:00:00 GMT to Sun, 09 Jun 2024 14:35:34 GMT - Rating 2 - Innovation -3 - Information 7 - Rumor -4
