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Investing.com - Truist Securities has reiterated its Buy rating on Vulcan Materials Company (NYSE:VMC) with a price target of $320.00, representing about 14% upside from the current price of $280.58. This target sits below the analyst high target of $370, according to InvestingPro data.
The firm highlighted Vulcan’s business model as a "consistent story in a volatile building products world," noting the company’s success in generating cash gross profit through aggregate price increases and cost control measures. This consistency is reflected in the company’s solid financial performance, with revenue of $7.88 billion and 6.54% revenue growth over the last twelve months.
Truist pointed out that while aggregate volume has declined for three consecutive years, it projects a gain in 2026, which the firm believes will be meaningful to investors even at low-single-digit growth levels.
The research firm expressed confidence that Vulcan Materials will grow EBITDA "in all but the worst economic years," making the stock valuable across various investment portfolios.
Truist Securities also noted that Vulcan’s valuation will likely remain above industry peers given these performance metrics, with the company’s growth strategy further supported by merger and acquisition activities. The stock currently trades at a P/E ratio of 34.84, which InvestingPro analysis suggests is above its Fair Value, placing it among more richly valued construction materials companies. Notably, Vulcan has maintained dividend payments for 55 consecutive years, demonstrating remarkable financial stability in a cyclical industry.
In other recent news, Vulcan Materials Company reported its Q3 2025 earnings, surpassing market expectations. The company achieved an earnings per share (EPS) of $2.84, exceeding the forecasted $2.72, which represents a 4.41% surprise. Additionally, Vulcan Materials’ revenue outperformed predictions, reaching $2.29 billion compared to the anticipated $2.27 billion. This strong financial performance was further emphasized by a 27% year-over-year increase in adjusted EBITDA and an expansion in its EBITDA margin. In related developments, DA Davidson raised its price target for Vulcan Materials to $330 from $315, maintaining a Buy rating. The firm highlighted ongoing positive contributions from public infrastructure markets as a key factor. DA Davidson noted that significant bid activity in the public sector, including multi-year projects, is expected to continue absorbing materials through 2026. These recent developments provide investors with valuable insights into Vulcan Materials’ current market position and future prospects.
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