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Vulcan Materials Company

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Sustained growth in private construction activity bodes well for Vulcan Materials. However, Vulcan Materials is susceptible to bad weather conditions as most of its products are used outdoors in the public or private construction industry. The company’s shares have declined 10% in the last six months, while its industry has dipped 11.4%. Earnings estimates have moved down for 2018 and 2019 over the last 30 days, reflecting analysts’ concern. Though, Vulcan Materials’ strong aggregate reserve position, pricing power, divestiture of non-strategic operations, bolt-on acquisitions and significant debt reduction are encouraging, we await better visibility.

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