Vulcan Materials Co
VMC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$436.00 | Lpzttk | Bmqcnqxyd |
Vulcan Is Well Positioned for Robust Infrastructure Demand, but Benefits Are Likely Priced In
After taking a fresh look at our thesis for Vulcan Materials, we have lowered our fair value estimate 5% to $138 per share due to our lower near-term forecast amid heightened economic uncertainty. We are maintaining our narrow economic moat and stable trend ratings as we believe the company benefits from strong intangible assets and a cost advantage driven by its quarry permits and high transportation costs.