What Makes Vulcan Materials Co. (VMC) an Attractive Bet?

Macquarie Asset Management, an investment management company, released its “Macquarie Core Equity Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The US large-cap equity market surged in Q2 2025, with the S&P 500® Index rising 10.94%. The equity market’s strength was due to reduced concerns over the possibility of President Trump quickly imposing harsh tariffs. Later, the administration put a pause on the tariff implementation. In this environment, the Macquarie Core Equity Fund’s Institutional Class returned 11.94% surpassing the benchmark, the S&P 500 Index. Eighty percent of the relative performance was driven by sector selection, and individual security selection accounted for the remainder. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Macquarie Core Equity Fund highlighted stocks such as Vulcan Materials Company (NYSE:VMC). Vulcan Materials Company (NYSE:VMC) is a US-based producer and supplier of construction aggregates. The one-month return of Vulcan Materials Company (NYSE:VMC) was 2.11%, and its shares gained 18.46% of their value over the last 52 weeks. On September 18, 2025, Vulcan Materials Company (NYSE:VMC) stock closed at $298.58 per share, with a market capitalization of $39.45 billion.

Macquarie Core Equity Fund stated the following regarding Vulcan Materials Company (NYSE:VMC) in its second quarter 2025 investor letter:

“Vulcan Materials Company (NYSE:VMC) is the largest producer of construction aggregates (crushed stone, sand, and gravel) and a major producer of asphalt and ready-mixed concrete in the US. We are attracted to Vulcan’s oligopoly status across most major markets it serves, allowing for rational competition and the consistent ability to raise prices above the rate of cost inflation. This should allow for further gains in profitability in coming years.”

In another article, we covered Vulcan Materials Company (NYSE:VMC) and shared the list of best cement stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.