Shares Up Roughly 3% as Vulcan Materials' Momentum Continues into 2017
Vulcan Materials' shares were up more than 3% on May 10 after the company reported a good first quarter, despite a challenging comparison with a stellar first quarter of 2016, which was boosted by unseasonably good weather. Year-over-year aggregates volume declined 2%, but this is largely attributable to the strong 2016 quarter as well as weather disruptions in California this year. Evidence of strong construction demand remains in place. Aggregates pricing increased 5%, helping aggregates reven...Vulcan Materials is a supplier of construction aggregates and a producer of asphalt mix and ready-mixed concrete. The company has four segments: Aggregates, which produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services; Asphalt, which produces and sells asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee and Texas, and includes asphalt construction paving in Alabama, Tennessee and Texas; Concrete, which produces and sells ready-mixed concrete; and Calcium, which consists of a Florida facility that mines, produces and sells calcium products.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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