Why Vulcan Materials (VMC) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Vulcan Materials (VMC)
Based in Birmingham, AL, Vulcan Materials Company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico. As of Dec 31, 2023, it had 404 active aggregates facilities, 71 asphalt facilities, 142 concrete facilities and one calcium facility.
VMC boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Vulcan Materials has seen some interesting price action recently; the stock is up 0.5% over the past one week and up 14.4% over the past four weeks. And in the last one-year period, VMC has gained 49.5%. As for the stock's trading volume, 929,840.31 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, five analysts revised their earnings estimate higher in the last 60 days for VMC, while the Zacks Consensus Estimate has increased $0.27 to $8.26 per share. VMC also boasts an average earnings surprise of 19.5%.
VMC should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Vulcan Materials Company (VMC) : Free Stock Analysis Report
