Vulcan Materials Company (Holdi (VMC) Stock Price & How to Invest

Vulcan Materials is the largest producer of construction aggregates in the United States. Aggregates (crushed stone, sand, gravel) are the fundamental inputs to concrete, asphalt, and road base used in virtually every construction project. The business is local and economic: aggregates are heavy and expensive to transport relative to their value, so each Vulcan quarry serves a relatively local market (typically 50-100 miles depending on transport mode). This creates regional pricing power.

The company operates approximately 400 aggregates facilities concentrated in the southeastern and southwestern US, where infrastructure spending and population growth are highest. Vulcan also has smaller asphalt and concrete businesses that complement the core aggregates franchise. Founded in 1957 (through a Birmingham Slag Company combination), headquartered in Birmingham, Alabama, with about 11,500 employees. Tom Hill has been CEO since 2014.

Over the trailing twelve months Vulcan generated about $8.1 billion of revenue (up roughly 2.5% year over year in the latest quarter) and about $1.1 billion of net income. Its most recent report, for the second quarter of 2026, showed EPS of $2.59 against a $2.47 consensus, after a first-quarter beat ($1.35 versus $1.10) that followed a fourth-quarter 2025 miss ($1.70 versus $2.11). The shares have still drifted lower: as of October 16, 2026 VMC was down about 12% year to date and 13% over one year, trading well below its 52-week high of about $331.

Construction activity is cyclical, and 2026 has shown it: revenue growth slowed to about 2.5% and several analysts cut price targets in October (RBC to $256, B. Riley to $300, UBS to $326) ahead of the third-quarter report. Energy costs (fuel for trucks and processing) affect operating margins. Reserve life requires ongoing acquisitions and permitting; new quarry permits are increasingly difficult to obtain. Even after the pullback, a forward P/E near 25x leaves little room for a volume or pricing disappointment.

23 analysts publish price targets on VMC, averaging $309.48 against a $257.63 price as of October 2026, or +20.1%. The published targets run from $238.00 to $365.00, a moderate spread, and the ratings split 16 buy, 7 hold, 1 sell. Over the last six months there has been 1 raise and 9 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full VMC forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Vulcan Materials Company (Holdi. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Federal infrastructure spending. The Infrastructure Investment and Jobs Act has substantially increased federal funding for highway, bridge, and infrastructure construction over multiple years. The most optimistic published target, $365.00, assumes this works close to its best case.

The case against. Construction activity is cyclical, and 2026 has shown it: revenue growth slowed to about 2.5% and several analysts cut price targets in October (RBC to $256, B. The most pessimistic target, $238.00, is roughly what VMC is worth if this bites instead.

Read the full bull and bear case on VMC, including what would have to change to break either one. Walnut is not an investment adviser.

No. Vulcan Materials Company (Holdi (VMC) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Vulcan Materials Company (Holdi's investor relations page or your broker.

• Revenue (TTM): ~$8.1 billion, up ~2.5% year over year (latest quarter)
• Operating margin: ~22% (gross ~28%, net ~14%)
• Net income (TTM): ~$1.1 billion
• EPS (TTM / forward): ~$8.48 / ~$10.43
• P/E (trailing / forward): ~30x / ~25x
• Price to sales: ~4.1x
• Dividend yield: ~0.8% ($2.08 a year, ~24% payout)
• Market cap: ~$33 billion

Vulcan still trades at a premium to most of industrials, about 30x trailing and 25x forward earnings, for its durable pricing power, the federal infrastructure tailwind and the irreplaceable nature of aggregates reserves. That premium has compressed through 2026 (the trailing multiple was in the mid-30s early in the year) as the shares fell about 12% year to date on slow volume growth. Consensus expects third-quarter EPS of about $2.87 on $2.24 billion of revenue when Vulcan reports on October 29, 2026.

If you want VMC exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses VMC naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to VMC: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get VMC exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (XLB, VAW), which spreads the position across many companies. Or build it into a focused thematic portfolio, so VMC sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where VMC fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Vulcan Materials (VMC) sits on irreplaceable reserves and has compounded mid-to-high single-digit annual pricing across cycles, often paired with MLM as the aggregates duopoly in infrastructure baskets. In a portfolio it behaves as a high-multiple, construction-cyclical materials holding whose volumes swing with housing and highway activity but whose pricing power has proven durable. In 2026 the multiple has come down (about 30x trailing earnings in October versus mid-30s early in the year) as the shares fell roughly 13% over twelve months, so the third-quarter report on October 29 lands with lower expectations baked into the price.

Whether VMC is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is VMC a buy or a sell?, and where the stock could go from here in the VMC stock forecast.

For income investors, whether VMC pays a dividend and how the payout looks is covered in does VMC pay a dividend? And to weigh VMC against a peer, read the full side-by-side comparisons: VMC vs MLM and VMC vs NUE.