Despite being the largest producer of construction aggregates and a leading producer of other construction materials, Vulcan Materials (VMC) faces a challenging environment in the construction industry.

The economic crisis, leading to a significant reduction in new home construction, continues to impact its sales volume. Furthermore, the company’s operations are highly susceptible to inclement weather and volatility in energy costs.

Its cash position has also deteriorated. These have led us to recommend shares of the company as Underperform. We set a target price of $40.

Zacks Investment Research

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