Yahoo Finance This Top Construction Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Vulcan Materials (VMC) for Your Portfolio?
Vulcan Materials was upgraded to the Zacks Rank #1 list on March 19, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Based in Birmingham, AL, Vulcan Materials Company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico. As of Dec 31, 2023, it had 404 active aggregates facilities, 71 asphalt facilities, 142 concrete facilities and one calcium facility.
For fiscal 2024, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.44 to $8.36 per share. VMC boasts an average earnings surprise of 19.5%.
Earnings are forecasted to see growth of 19.4% for the current fiscal year, and sales are expected to increase 1.4%.
Additionally, VMC has climbed higher over the past four weeks, gaining 3.9%. The S&P 500 is up 2.8% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Vulcan Materials could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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