How to Buy Vulcan Materials Co Stock
Vulcan Materials Co
Vulcan Materials Co is a building material company located in Alabama, United States, which is part of the Basic Materials sector, and is traded under the ticker VMC on the NYSE exchange.
Vulcan Materials Co stock last closed at $211.16, down 0.79% from the previous day, and has increased 17.52% in one year. It has underperformed other stocks in the Building Materials industry by 0.15 percentage points. Vulcan Materials Co stock is currently +32.17% from its 52-week low of $159.76, and -8.09% from its 52-week high of $229.75.
At the moment, there are 132.87M VMC shares outstanding. The market cap of VMC is $28.06B. In the last 24 hours, 802,153 VMC shares were traded.
How to Buy Vulcan Materials Co Stock
Not sure how to invest in Vulcan Materials Co stock? Here's how.
- Decide where to buy Vulcan Materials Co stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Vulcan Materials Co stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your information.
- Research Vulcan Materials Co stock: The Vulcan Materials Co ticker symbol is VMC. Is Vulcan Materials Co stock a good investment? Should you buy shares of VMC? How do VMC's underlying business fundamentals look? Do top analysts think Vulcan Materials Co is a good buy? Why has VMC's stock price moved recently? (Hint: Our stock market research website can help you evaluate if VMC is a good stock to buy).
- Place your VMC buy order: Decide if you will purchase VMC shares at the current market price or use a limit order to purchase VMC shares at a specific price.
- Track your VMC investment: Create a watchlist to track your position in Vulcan Materials Co stock.
Step 1: Decide where to buy Vulcan Materials Co stock
You need a brokerage account in order to access the NYSE market and buy VMC shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can invest in VMC today.
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Step 3: Deposit money your investment account
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Step 4: Research Vulcan Materials Co stock
Once you have selected the best place to buy Vulcan Materials Co stock, it's absolutely critical to analyze their stock before you invest, so you actually comprehend the risk as well as the opportunity.
Vulcan Materials Co stock quick numbers
VMC Overview
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on VMC's stock page.
Is VMC stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge VMC's fair value.
Using relative valuations methods:
- VMC could be overvalued based on its P/E ratio of 34x, relative to Building Materials industry P/E ratio of 23.26x
- VMC could be overvalued based on its P/B ratio of 3.77x, relative to Building Materials industry P/B ratio of 2.6x
- VMC may be overvalued based on its PEG ratio of 1.75x
You can access more valuation research on VMC's stock here.
A look at VMC Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the VMC balance sheet.
- VMC earnings of $1.24B is not enough to cover its interest payments.
- VMC profit margin has gone up from 8.3% to 10.7% in the past year.
- VMC's operating cash flow of $1.46B allows it to safely service it's debt of $4.39B.
Negative Financial Indicators:
- VMC has a relatively high debt to equity ratio of 0.96.
- There are more long-term liabilities than short-term assets on the VMC balance sheet.
- Total VMC debt is higher than 5 years ago, relative to shareholder equity.
Is VMC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 sell side analysts who research VMC, the consensus analyst rating on VMC is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent VMC Analyst Upgrades/Downgrades
Trey Grooms, a top 3% analyst from Stephens & Co. maintains VMC with a strong buy rating and raises their VMC price target from $230.00 to $260.00, on Aug 4, 2023.
Stephens & Co.'s Trey Grooms raised their price target on Vulcan Materials Co (NYSE: VMC) by 13% from $230 to $260 on 2023/08/04. The analyst maintained their Strong Buy rating on the stock.
Grooms' update followed an assessment of Vulcan Materials' 2023/08/03 Q2 2023 earnings report and participation in the earnings call.
The analyst highlighted the following Q2 results:
- Higher-than-anticipated sales.
- Greater profitability.
- Higher-than-anticipated volumes of aggregates and asphalt.
- Substantially higher gross margins.
Grooms predicted that prices and profits will rise in 2024, thanks to 2023's midyear "price actions."
Earnings Report
For Q2 2023, Vulcan Materials reported:
- EPS of $2.29, which beat the Zacks Consensus Estimate of $1.91 and, by 49.7%, Q2 2022’s $1.53.
- Revenue of $2.11B, which beat the Zacks Consensus Estimate by 2.47% and, by 8.2%, Q2 2022’s $1.95B.
- EBITDA of $595M, up 32.3% Y/Y.
For FY 2023, management guided:
- Net income attributable to Vulcan of $855M to $935M.
- EBITDA of $1.9B to $2B.
- Aggregates shipments down 1% to 4% from FY 2022’s 236.3M tons.
Chairman & CEO Tom Hill commented in the earnings call: “Regardless of the demand environment, our focus is to consistently improve unit profitability and grow earnings so that we create value for our shareholders.
“We’re well positioned to do exactly that this year and deliver approximately 20% Y/Y improvement in both our cash gross profit per ton and adjusted EBITDA.”
Mike Dahl, a top 20% analyst from RBC Capital maintains VMC with a buy rating and raises their VMC price target from $212.00 to $236.00, on Aug 4, 2023.
James Hardiman, a top 14% analyst from Citigroup maintains VMC with a strong buy rating and raises their VMC price target from $256.00 to $260.00, on Aug 4, 2023.
Anthony Pettinari, a top 2% analyst from Citigroup maintains VMC with a strong buy rating and raises their VMC price target from $232.00 to $256.00, on Jul 14, 2023.
Philip Ng, a top 27% analyst from Jefferies maintains VMC with a strong buy rating and raises their VMC price target from $225.00 to $265.00, on Jul 13, 2023.
You can dig deeper into what analysts are forecasting on the Vulcan Materials Co stock forecast page.
Metrics for Advanced VMC Traders
VMC Performance Metrics
Last year, VMC earnings were $825.20M. During the last five year, VMC's earnings have gone up by 2.72% per year. This was slower than the Building Materials industry average of 7.15%.
Last year, VMC revenue was $7.68B. Over the last 5 year, VMC's revenue has grown by 12.44% per year. This was faster than the Building Materials industry average of 8.4%.
Dig into VMC's earnings and revenue performance here.
Who is buying/selling VMC?
In the last year, insiders at VMC have sold more shares than they have bought.
Jerry F. Perkins Jr., Senior Vice President of VMC, was the latest VMC insider to sell. They sold $166,023.72 worth of VMC shares on Nov 13, 2023.
Learn more about who owns VMC stock here.
Can I rely on VMC as an income stream?
Vulcan Materials Co pays a dividend of 0.81%, compared to the Building Materials industry's average dividend yield of 3.36%. If you owned $1,000 worth of VMC stock, you would have received $8.15 in the past 12 months.
Vulcan Materials Co dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Vulcan Materials Co dividend yield and history here.
What others are saying about VMC
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Step 5: Place your VMC buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place your order.
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Step 6: Track your VMC investment
Now that you own some shares in VMC, you'll want to stay up-to-date on your new company.
Create a watchlist to get notified of the latest news about your VMC stock.
VMC Feed
How to Buy Stock in Vulcan Materials Co
To summarize, here are the 6 steps for buying Vulcan Materials Co stock:
- Decide where to buy Vulcan Materials Co stock
- Open your brokerage account
- Deposit money your investment account
- Research Vulcan Materials Co stock
- Place your VMC buy order
- Track your VMC investment
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Vulcan Materials Co, add VMC to your watchlist below.
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