Vulcan Materials Company
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Range $283 – $349
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About the company
Vulcan Materials Company, alongside its affiliated entities, stands as a prominent producer and distributor of construction aggregates, primarily operating within the United States. The company's activities are organized into four distinct divisions: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates division focuses on providing essential materials like crushed stone, sand, gravel, and other foundational aggregates, along with related services.
- CEO
- Ronnie A. Pruitt
- IPO
- 1957
- Employees
- 11,548
- HQ
- Birmingham, AL, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $35.07B
- P/E
- 31.84
- Fwd P/E
- 29.61
- PEG
- 1.75
- P/S
- 4.33
- P/B
- 4.16
- EV/EBITDA
- 15.53
- Div Yield
- 0.76%
- Gross Margin
- 27.43%
- Op Margin
- 19.92%
- Net Margin
- 13.82%
- ROE
- 13.11%
- ROIC
- 8.25%
Latest fiscal year · YoY change
- Revenue
- $7.93B+6.9%
- Gross Profit
- $2.17B+8.3%
- Op Income
- $1.59B
- Net Income
- $1.08B+18.5%
- EPS
- $8.15+18.3%
- OCF Growth
- +28.6%
- FCF Growth
- +40.8%
- 52W High
- $331.09
- 52W Low
- $252.35
- 50D MA
- $288.40
- 200D MA
- $289.50
- Beta
- 1.06
- RSI (14)
- 41
- Avg Volume
- 1.14M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Vulcan delivered solid second-quarter execution with adjusted EBITDA roughly flat year over year despite energy headwinds, while reaffirming full-year guidance and a constructive demand outlook.· July 29, 2026
- Adjusted EBITDA was $654 million, roughly in line with last year despite almost $40 million of energy headwinds.
- Aggregates cash gross profit per ton topped $12 and increased $0.14 year over year, helped by 5% mix-adjusted pricing.
- Shipments rose 1% year over year, but weather caused uneven regional performance and volumes were below expectations in some areas.
- Management reiterated full-year adjusted EBITDA guidance of $2.4 billion to $2.6 billion and expects modest aggregate shipment growth in 2026.
- Balance sheet strength, divestiture proceeds, and a low leverage ratio support continued M&A, greenfield investment, dividends, and buybacks.
Second-quarter adjusted EBITDA was $654 million, approximately flat versus the prior year despite almost $40 million of energy headwinds. Aggregates cash gross profit per ton topped $12 and was $0.14 higher year over year; shipments increased 1% year over year; mix-adjusted average selling prices improved 5% year over year; and excluding diesel, aggregates freight-adjusted unit cash cost of sales increased 3% year over year. For the full year, Vulcan reiterated adjusted EBITDA guidance of $2.4 billion to $2.6 billion. Management also said full-year capital expenditures are expected to be between $750 million and $800 million.
Ronnie Pruitt framed the quarter as evidence of the resilience of Vulcan’s pure-play aggregates model and the benefit of the company’s commercial and operating disciplines. He said the team offset inflation and wet-weather disruption through pricing, efficiency, and cost control, while also continuing to execute on portfolio actions and acquisitions. His tone was confident on demand, pointing to strong public backlog, data centers, power infrastructure, LNG, and manufacturing as support for year-over-year shipment growth in 2026.
Mary Carlisle emphasized strong cash generation and a well-positioned balance sheet to support Vulcan’s capital allocation priorities. In the first six months, the company invested $370 million in maintenance and growth capex, $75 million in a strategic acquisition, and returned over $0.5 billion to shareholders, including $400 million of buybacks. She said Vulcan ended the quarter with about $300 million of cash, paid down about $200 million of commercial paper, and had leverage of 1.7x net debt to adjusted EBITDA. She also noted trailing 12-month ROIC improved to 16.1%, SAG expenses were 2% lower in the first half, and full-year SAG is now expected to be $10 million to $15 million below the initial $580 million to $590 million range.
Analysts pressed on demand visibility, pricing, cost inflation, and the timing of large projects. Management said demand is tracking as expected, backlog remains healthy, and quoting activity is robust, while weather has created regional volatility. On pricing, Vulcan said midyear increases were pulled forward and remain part of guidance, but additional increases could still be considered if fuel stays sticky. Questions on Mexico drew a limited response: management said the tribunal found Mexico’s actions violated NAFTA but awarded only immaterial damages, and Vulcan said it would keep focusing on operating the business.
The bull case from this call is that Vulcan still has pricing power in a tough cost environment, with 5% mix-adjusted price gains and management saying price remains its main lever. Demand visibility also looks solid: public awards in Vulcan markets are growing, private large projects like data centers and power infrastructure are active, and management expects modest shipment growth in 2026. The balance sheet and cash generation give Vulcan room to keep buying back stock and pursuing disciplined acquisitions.
The main risks discussed were sticky diesel and other inflationary costs, which pressured margins and could keep results under pressure in the near term. Residential and single-family construction remain weak, and warehousing was described as mostly flat, leaving some end markets soft. Weather continues to cause shipment variability, and management also acknowledged that the Mexico tribunal outcome was disappointing because damages were immaterial despite findings that Mexico violated NAFTA.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.8%
- Shares Outstanding
- 129.58M
- Float Shares
- 129.30M
of shares held by institutions
1,057 13F filers
Congressional trading
Senate and House stock disclosures for VMC, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Ro KhannaHouse · CA17 | Buy | May 1, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Apr 13, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Apr 29, 26 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jan 29, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Oct 27, 25 | Filing → |
| Valerie HoyleHouse · OR04 | Sell | Jun 6, 25 | Filing → |
| Valerie HoyleHouse · OR04 | Buy | Oct 29, 24 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jun 16, 25 | Filing → |
| Michael McCaulHouse · TX10 | Buy | Mar 21, 25 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jan 10, 24 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Nov 3, 23 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 23, 23 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Apr 10, 23 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Nov 3, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 17.07M | ▼ 135.53K |
| Blackrock, Inc. | 9.72M | ▼ 239.59K |
| State Farm Mutual Automobile Insurance Co | 9.52M | 0 |
| Vanguard Capital Management LLC | 8.47M | ▼ 59.60K |
| State Street Corp | 6.15M | ▲ 344.93K |
| Principal Financial Group Inc | 5.47M | ▼ 1.18M |
| Jpmorgan Chase & Co | 5.06M | ▼ 712.62K |
| Fmr LLC | 3.67M | ▼ 5.08K |
| Geode Capital Management, LLC | 3.45M | ▼ 16.59K |
| Tci Fund Management Ltd | 2.45M | ▲ 2.45M |
| Bank Of America Corp | 2.33M | ▲ 79.01K |
| Clearbridge Investments, LLC | 2.30M | ▼ 27.19K |
Held by 1,399 ETFs
Biggest fund positions in VMC by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 12, 26 | Hill J Thomas | other | 27,000 |
| Aug 12, 26 | Hill J Thomas | other | 18,882 |
| Aug 12, 26 | Hill J Thomas | other | 21,670 |
| Aug 12, 26 | Hill J Thomas | other | 18,969 |
| Aug 12, 26 | Hill J Thomas | other | 22,400 |
| Aug 12, 26 | Hill J Thomas | other | 17,287 |
| Aug 12, 26 | Hill J Thomas | other | 24,800 |
| Aug 12, 26 | Hill J Thomas | other | 17,176 |
| Aug 12, 26 | Hill J Thomas | other | 17,962 |
| Aug 12, 26 | Hill J Thomas | other | 26,100 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our VMC coverage
Recent articles, reports, and earnings notes.
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BlackRock Inc. Acquires New Stake in Vulcan Materials Company $VMC
defenseworld.net · Aug 19
Is VMC Worth Buying as Pricing Strength Meets a Premium Valuation?
zacks.com · Aug 13
VMC Q2 Beat Keeps 2026 Outlook Intact Despite Higher Energy Costs
zacks.com · Aug 13
Amundi Buys 75,572 Shares of Vulcan Materials Company $VMC
defenseworld.net · Aug 1
Vulcan Materials Q2 Earnings Call Highlights
marketbeat.com · Aug 1
First Trust Advisors LP Sells 6,001 Shares of Vulcan Materials Company $VMC
defenseworld.net · Jul 31
BankChampaign National Association Acquires Shares of 2,591 Vulcan Materials Company $VMC
defenseworld.net · Jul 31
Vulcan Materials Company (VMC) Q2 2026 Earnings Call Transcript
seekingalpha.com · Jul 29
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
