NYSE:VMCBasic Materials
Vulcan Materials (VMC) Stock Faces Valuation Questions After Resilient Margins
Vulcan Materials stock took a hit, sliding about 4% to roughly US$271, even though the quarter told a steadier story than that move suggests. Q2 aggregates cash gross profit per ton stayed above US$12 and adjusted earnings before interest, taxes, depreciation and amortization held at US$654 million despite a near US$40 million energy headwind.
The real pivot for you is the time horizon. In the near term, the stock screens expensive on a P/E in the low 30s. Over a multi year view, the focus...