Vulcan Materials Company (NYSE:VMC) is an American producer and supplier of construction aggregates, operating through Aggregates, Asphalt, Concrete, and Calcium segments.
Even though recession fears were mounting until the end of July, investors have not put much stock into the broader market sentiment of late, spurring an ongoing rally in equities.
Rising interest rates and inflation are keeping many prospective homebuyers on the sidelines, which has contributed to a recent slump in construction spending.