Vulcan Materials Company (VMC) has been experiencing a volatile period. Significant adjustments were made in its target price with Citigroup reducing it to $292.00 while other evaluations set the target at $280.00. The company showed underperformance in the market, despite some acquisitions by strategic buyers such as SG Americas Securities LLC and Park Avenue Securities LLC. VMC's Q2 2024 report pointed out that earnings and revenues lagged estimates, leading to company's shares dropping. Yet, there are points where VMC might be potentially undervalued. Despite lowered forecasts, buying activity continues with B. Riley Wealth Advisors Inc., Mather Group LLC, and others contributing. The decreased EPS estimates reflect a challenging environment yet the insiders, such as Senior Vice President David Clement, have been seen selling shares. The dividends remain constant despite Q2 earnings missing expectations. The company appears to have strong financials but showed weakness in the stock performance. With mixed reviews on if VMC's stock is worth buying ahead of Q1 earnings, the company continues to drive construction growth being an aggregates powerhouse. Its substantial efforts towards corporate responsibility and commitment to employees earned them rewards while some senior leadership changes have taken place.
Vulcan Materials Company VMC News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 11 Aug 2024 16:18:04 GMT -
Rating -1
- Innovation 0
- Information 7
- Rumor 6
