JHIUF - Vulcan Materials: Despite Excellent Potential Shares Don't Deserve Much More Upside
2024-03-08 11:20:23 ET
Summary
- Vulcan Materials Company has seen a 21% increase in share price in recent months, outperforming the S&P 500.
- The company's financial performance has been impressive, with higher revenue, net income, and operating cash flow driving it.
- However, Vulcan Materials stock is now considered expensive compared to similar firms, leading to a downgrade to a "hold" rating.
It's always important to be mindful of how far a company's share price has gone compared to what its ultimate potential is. You may buy into shares of a company expecting a certain amount of upside. And after that upside is achieved, better opportunities abound elsewhere. However, I can speak from experience when I say that it's not always easy to sell a stock, especially one that has performed so well. But as I get more experience with investing, on top of the 15 years I already have, that process becomes easier....
Vulcan Materials: Despite Excellent Potential, Shares Don't Deserve Much More Upside