What smart money is saying about Vulcan Materials Co.
2 funds in our archive have pitched Vulcan Materials Co. — most recently Parnassus Core Select ETF (PRCS) in June 2026.
Vulcan Materials Company, alongside its affiliated entities, stands as a prominent producer and distributor of construction aggregates, primarily operating within the United States. The company's activities are organized into four distinct divisions: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates division focuses on providing essential materials like crushed stone, sand, gravel, and other foundational aggregates, along with related services. These products are vital for building and maintaining highways, public infrastructure, residential properties, and various commercial, industrial, and other non-residential structures. Through its Asphalt Mix segment, the firm furnishes asphalt mixture to locations in Alabama, Arizona, California, New Mexico, Tennessee, and Texas, additionally performing asphalt paving work in Alabama, Tennessee, and Texas. The Concrete segment supplies ready-mixed concrete to customers in California, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Texas, Virginia, and Washington D.C. Lastly, the Calcium division is responsible for mining, manufacturing, and marketing calcium products for use in animal feed, plastics, and water treatment industries. Established in 1909, the corporation, initially known as Virginia Holdco, Inc. before its name change, is headquartered in Birmingham, Alabama.
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Fund signal · last 12 months
8 lettersToo few moves on Vulcan Materials Co. yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 9 fund letters reported a position in Vulcan Materials Co., with 5 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 1 | 0 | 0 |
| Q2 2026 | 3 | 3 | 0 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q4 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 5 moves
- September 2026
“Elsewhere in the portfolio, we made additional purchases of Aon, Netflix and Vulcan Materials, partially offset by trims of Euronet, Global Payments and Mastercard.”
Vulcan Materials Co. - September 2026
“Finally, although we believe Vulcan’s pricing power remains in place, the traditional timing of its price increases has left the company absorbing elevated costs in the short term.”
Vulcan Materials Co. - September 2026
“Vulcan Materials and Martin Marietta Materials were the Fund’s top quarterly detractors as mixed demand drivers and price-cost pressures softened the 2026 earnings outlook.”
Vulcan Materials Co. - September 2026
“Vulcan Materials was the Fund’s top quarterly detractor as mixed demand drivers and price-cost pressures softened the 2026 earnings outlook.”
Vulcan Materials Co. - New positionClearBridge Investments Value StrategyJune 2026
“In addition to the transactions discussed above, we initiated new positions in Vulcan Materials in the materials sector, TGS in the energy sector, FedEx Freight in the industrials sector, Brookfield Infrastructure in the utilities sector and Thermo Fisher Scientific in the health care sector.”
Vulcan Materials Co. - AddedBaron Asset FundJune 2026
“We added to about a dozen positions during the quarter, with the largest being construction aggregates producer Vulcan Materials Company , electronic trading platform Tradeweb Markets Inc. , and public safety technology company Axon Enterprise, Inc.”
Vulcan Materials Co. - New positionParnassus Core Select ETF (PRCS)June 2026
“Activity Security Name Ticker Sector Rationale Bought Vulcan Materials Co. VMC Materials Vulcan benefits from irreplaceable quarry locations, high barriers to entry and favorable positions in fast-growing regions, which together create local market advantages and resilient unit economics.”
Vulcan Materials Co. - December 2025
“our high-quality businesses, such as industrial gas company Linde and aggregates producer Vulcan Materials, lagged despite sound fundamentals.”
Vulcan Materials Co. - New positionMacquarie Core Equity FundJune 2025
“We also increased our holdings within communication services via our purchase of Netflix (described below) and in materials (Vulcan Materials) while holding steady our overweights in financials, industrials, and materials.”
Vulcan Materials Co.
Fund coverage · 2 theses
- Parnassus Core Select ETF (PRCS)June 2026
Vulcan Materials benefits from irreplaceable assets, high barriers to entry and infrastructure-driven earnings compounding.
Read the full thesis - Baron Asset FundMarch 2026
Vulcan Materials Company is the largest U.S. aggregates producer with high barriers to entry, strong pricing power, and multi-year infrastructure and construction tailwinds driving expected low-to-mid teens earnings growth.
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