Vulcan Materials Co

VMC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$171.00	Jspmbh	Zrdhxkqr

Vulcan Is Well Positioned for Robust Infrastructure Demand, but Benefits Are Likely Priced In

Spencer Liberman

Jul 26, 2022

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.

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