5 Best Home Builder Stocks To Buy Now

2. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 34

Vulcan Materials Company (NYSE:VMC) is an Alabama-based company that produces and supplies construction aggregates primarily in the United States. It operates through four segments – Aggregates, Asphalt, Concrete, and Calcium. On September 30, Vulcan Materials Company (NYSE:VMC) raised its guidance for adjusted EBITDA to $2.7 billion-$3 billion, from its prior 2022 EBITDA guidance of $1.7 billion. On October 14, Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend of $0.40 per share, in line with previous. The dividend is payable on December 5, to shareholders of record on November 15. 

On October 12, DA Davidson analyst Brent Thielman maintained a Buy rating on Vulcan Materials Company (NYSE:VMC) but lowered the price target on the shares to $200 from $205. The analyst added that his discussions with various non-residential exposed contractor suppliers suggest that positive pipelines into 2023 “lend cautious optimism” for Vulcan Materials Company (NYSE:VMC).

According to Insider Monkey’s data, 34 hedge funds were bullish on Vulcan Materials Company (NYSE:VMC) at the end of June 2022, compared to 36 funds in the prior quarter. Sharlyn C. Heslam’s Stockbridge Partners is the leading stakeholder of the company, with 2 million shares worth $286.4 million.

Here is what Weitz Investment Management Partners Value Fund has to say about Vulcan Materials Company (NYSE:VMC) in its Q4 2021 investor letter:

“Vulcan Materials contributed to returns due to solid results and a bright outlook for the company’s prosaic, essential products. Aggregate volumes and backlogs are strong across end markets, pricing momentum is robust, and the federal infrastructure bill adds visibility into the amount of money that will be allocated to infrastructure projects.”