The Vulcan Materials Company is an American corporation headquartered in Birmingham, Alabama. It mostly operates in the United States. The company produces construction aggregates and operates through the aggregate, asphalt, concrete, and calcium segments. Vulcan operates in the construction materials industry.
The company's roots date back to 1909, when Henry Badham and Solon Jacobs established the Birmingham Slag Company, a construction materials firm. Despite the Great Depression of 1932, the corporation stayed afloat. In 1956, Birmingham Slag merged with the Vulcan Detinning Company of Sewaren, New Jersey. As a result, Birmingham Slag became a publicly-traded company under Vulcan Detinning's listing. Since then, its shares have been traded on the New York Stock Exchange under the ticker VMC. The new firm was renamed the Vulcan Materials Company.
In 1957, the corporation asked stockholders for approval for its merger with nine companies simultaneously. Fortune magazine called the transaction prospectus one of the most complex ever issued in American commerce.
In 1981, the company's sales reached $783 million. As a result, the Vulcan Materials Company became 367 in the Fortune 500. The Vulcan Materials Company has acquired numerous companies to expand its business. This is a positive sign for investors and traders. They can be sure the corporation has a strong position in the market. In 2007, Vulcan was named one of the Most Admired Companies for the sixth time by Fortune Magazine.
The corporation pays dividends. The dividend value has been growing for ten years. However, it's still lower than that of most companies in the construction materials industry and the US market average.
The firm is a part of numerous stock market indices. The most popular benchmarks are S&P 500, NYSE Composite, DJ US, and DJ Mid-Cap.
Vulcan Materials is often involved in lawsuits. Mainly, they relate to the environment, safety, and employment offenses. This negatively affects the company’s stock price.
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#AA | N/A | N/A | -0.42 | -1.29% |
#ABBV | N/A | N/A | 8.4 | 4.47% |
#ABT | N/A | N/A | 6.45 | 6.04% |
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#AMWL | N/A | N/A | -2.03 | -19.77% |
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#MA | N/A | N/A | 18.68 | 4.02% |
#MCD | N/A | N/A | 25.11 | 9.53% |
#MLM | N/A | N/A | -55.64 | -9.44% |
#MMM | N/A | N/A | 8.5 | 6.73% |
#MO | N/A | N/A | 4.3 | 8.69% |
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#SLB | N/A | N/A | -3.5 | -7.37% |
#SNOW | N/A | N/A | -13.68 | -10.73% |
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#TOT | N/A | N/A | 1.61 | 2.39% |
#V | N/A | N/A | 11.28 | 4.26% |
#VMC | N/A | N/A | -28.04 | -10.29% |
#VZ | N/A | N/A | 1.46 | 3.62% |
#WMT | N/A | N/A | 8.17 | 11.83% |
#XOM | N/A | N/A | -0.75 | -0.63% |
#NFLX | N/A | N/A | 58.67 | 9.14% |
#NKE | N/A | N/A | N/A | N/A |
The price of Vulcan Materials Company is attractive for stock investors. However, the dividend value is low, and the stock price is highly volatile. Therefore, CFD trading is a more attractive option for dealing with VMC stocks. When trading the company's shares, you should consider several factors that may influence the price direction.
As the corporation operates in the construction materials industry, you should consider internal events that can affect the demand and supply of products produced by the companies operating within the industry. As Vulcan Materials mainly operates in the US, you should focus on the local market.
Also, you should evaluate the performance of the company's rivals, including Owens Corning, Granite Construction, Martin Marietta, Johnson Controls, and Minerals Technologies. If they manage to outperform Vulcan, its market share may reduce, which will negatively affect VMC's stock price.
The company's financials are another important factor that can either boost or pull the stock value down. Vulcan's earnings have been growing slower than the US Building Materials industry average and the US market average for several years. However, the firm's revenue has grown faster than the US Building Materials industry average. The company is inefficient in generating profits on its assets, equity, and capital employed.
Although you will trade and not invest in VMC stocks, you should know that institutional investors own around 90% of the company's shares. You should determine the largest stockholders. If they sell a significant part of their holdings, the stock price may depreciate. According to statistics, the corporation has a negative net impact ratio. The company may negatively affect categories such as GHG emissions, non-GHG emissions, and waste. The stock value may increase if the corporation implements an ESG strategy or contributes to the reduction of its carbon footprint.