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VMC

Vulcan Materials Company

NYSE: VMC · BASIC MATERIALS · BUILDING MATERIALS

$296.08
+1.59% today

Updated 2026-04-29

Market cap
$38.66B
P/E ratio
36.28
P/S ratio
4.87x
EPS (TTM)
$8.16
Dividend yield
0.67%
52W range
$252 – $330
Volume
1.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Vulcan Materials Company (VMC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$296.08
Consensus
$324.00
+9.43%
2030 Target
$1,007.57
+240.30%
DCF
$187.32
-70.71% MoS
12 analysts:
7 Buy5 Hold1 Sell

Management guidance

Vulcan Materials issued 2026 guidance for modest growth in aggregate shipments and adjusted EBITDA. At the 2026 Investor Day, management announced an ambitious $20 per-ton cash gross profit target, nearly doubling 2025 performance (~$11 per ton). This implies significant operational leverage and margin expansion through 2030, driven by pricing power in aggregates and infrastructure/non-residential construction demand.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,679.28
$11.0B Rev × 20x P/S
Base case (2030)
$1,007.57
$11.0B Rev × 12x P/S
Bear case (2030)
$671.71
$11.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$7.8B$7.4B$7.9B$8.1B$8.6B$9.3B$10.1B$11.0B
Revenue growth—-4.7%6.9%2.1%6.3%7.3%8.6%9.5%
EPS$6.99$7.54$7.99$9.41$11.00$12.80$14.95$17.50
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$755.68$783.66$839.64$923.60$1,007.57

Catalysts & risks

Growth catalysts
+ Infrastructure spending acceleration from federal programs (IIJA, USMCA renegotiations)
+ Data center buildout driving aggregates demand (Microsoft, Amazon, Meta capex surge)
+ Achievement of $20/ton cash gross profit target through pricing and operational leverage
+ Non-residential construction recovery post-2026
+ M&A opportunities to consolidate fragmented aggregates market
Key risks
- Mexico expropriation dispute over Calica limestone operations (HR 7084 escalation, USMCA renegotiations)
- Project timing delays and funding uncertainties in infrastructure spending
- Recession scenario reducing construction demand and pricing power
- Environmental regulations impacting mining operations and costs
- High valuation (P/E 34.4x) limits upside if growth disappoints

Methodology

Vulcan Materials Company's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.