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UBS analyst Steven Fisher identifies opportunities in the construction sector, particularly highlighting Vulcan Materials, the largest producer of aggregate materials in the U.S. Despite recent revenue misses, Fisher anticipates growth driven by an improving non-residential construction market and operational efficiencies, projecting a 3-4% volume growth in aggregates by 2026.
UBS analysts highlight opportunities in the construction sector, particularly for Martin Marietta Materials (MLM) and Vulcan Materials (VMC), both rated as Strong Buy. Despite recent earnings misses, analysts foresee growth driven by a supportive construction market, with MLM expected to see an 18% upside and VMC a 19.5% increase in share price over the next year.
Vulcan Materials (NYSE:VMC) has been rated Buy by UBS, with analysts highlighting the company's potential to benefit from an improving non-residential construction market in 2025-2026. UBS set a price target of $349 per share, citing an estimated enterprise value of 18.25 times EBITDA for 2026. This year, Vulcan's stock has increased by approximately 28%, outperforming the 25% gain of the S&P 500 index.
Steven Fisher
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ubs identifies growth potential in two construction stocks amid economic shifts
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11:54 12.11.2024
construction stocks poised for growth amid economic shifts and strategic opportunities
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