PNC Financial Services Group Increases Stake in Vulcan Materials by 1.9%
May 27, 2023
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Vulcan Materials ($NYSE:VMC) Company is a leading producer and supplier of construction materials, including crushed stone, sand, gravel, and asphalt. Headquartered in Birmingham, Alabama, the company is publicly traded on the New York Stock Exchange under the ticker symbol VMC. Recently, PNC Financial Services Group Inc. increased their ownership stake in Vulcan Materials by 1.9% by the end of the fourth quarter. This comes after PNC had already been a long-time shareholder, previously owning a stake at the beginning of the fourth quarter.
This news is significant as PNC has long been one of Vulcan’s biggest shareholders. As the company continues to grow and deliver strong financial results, it is likely that PNC will continue to increase their stake in the company in the future. This move also serves as an endorsement of Vulcan Materials’ ongoing success and prospects for future growth.
Analysis
GoodWhale has conducted an analysis of VULCAN MATERIALS‘s wellbeing. According to our Star Chart, VULCAN MATERIALS has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Furthermore, VULCAN MATERIALS is classified as ‘cheetah’, a type of company we conclude that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given these characteristics, it is likely that we can expect investors with a higher appetite for risk to be interested in VULCAN MATERIALS. In terms of its strengths and weaknesses, the company is strong in dividend and growth, medium in profitability, and weak in asset. Investors seeking opportunities for aggressive returns may be particularly drawn to this type of company given the potential for outsized returns while being mindful of the risks associated with the volatility of the stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vulcan Materials. More…
| Total Revenues | Net Income | Net Margin |
| 7.42k | 604.5 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vulcan Materials. More…
| Operations | Investing | Financing |
| 1.19k | -812.2 | -374.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vulcan Materials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.08k | 7.07k | 52.51 |
Key Ratios Snapshot
Some of the financial key ratios for Vulcan Materials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.2% | 6.5% | 13.4% |
| FCF Margin | ROE | ROA |
| 7.4% | 9.0% | 4.4% |
Peers
Vulcan Materials Co is one of the world’s leading suppliers of construction materials. It has operations in the United States, Mexico and Canada. Its competitors include Martin Marietta Materials Inc, CRH PLC, Cemex SAB de CV.
– Martin Marietta Materials Inc ($NYSE:MLM)
Martin Marietta Materials Inc is a publicly traded company with a market capitalization of 19.54 billion as of 2022. The company has a return on equity of 10.84%. Martin Marietta Materials Inc is a supplier of construction aggregates and heavy building materials, with operations in the United States and Canada. The company produces a variety of construction materials, including gravel, sand, limestone, and other crushed stone products, as well as asphalt and concrete.
– CRH PLC ($LSE:CRH)
CRH plc is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, America and Asia. Its products include aggregates, asphalt, cement, ready-mixed concrete, paving and construction products and concrete products. Its America Products segment includes its asphalt, aggregates, ready-mixed concrete, cement and paving businesses in the United States and Canada. Its Asia Products segment includes its operations in Asia. It operates in over 30 countries and employs over 83,000 people at approximately 3,600 locations.
– Cemex SAB de CV ($NYSE:CX)
Cemex SAB de CV, a leading cement manufacturer, has a market cap of $4.86 billion as of 2022. The company has a return on equity of 14.18%. Cemex produces and sells cement, concrete, and other building materials products. It operates in more than 50 countries and has a workforce of over 46,000 employees.
Summary
Vulcan Materials is an attractive investment opportunity. This reflects the confidence that the market has in the company’s financials and its potential for future growth. Analysts are optimistic about Vulcan Materials’ performance in the long-term, citing their strong balance sheet, high return on equity, and competitive advantages such as stable pricing power and a diversified product portfolio. With their low debt levels, strong cash flows, and attractive dividend yields, investors are advised to consider Vulcan Materials for their portfolio.
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