Is Vulcan Materials (VMC) A Great Long-Term Investment?

Weitz Investment Management, an investment management firm, published its “Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Value Fund’s Institutional Class returned +5.63% for the fourth quarter compared to +11.03% for the S&P 500 and +9.78% for the Russell 1000. For the calendar year, the Fund’s Institutional Class returned +26.99% compared to +28.71% for the S&P 500 and +26.45% for the Russell 1000. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Partners Value Fund in its Q4 2021 investor letter, mentioned Vulcan Materials Company (NYSE: VMC) and discussed its stance on the firm. Vulcan Materials Company is a Birmingham, Alabama-based construction company with a $24.4 billion market capitalization. VMC delivered a -11.34% return since the beginning of the year, while its 12-month returns are up by 20.33%. The stock closed at $184.04 per share on February 4, 2022.

Here is what Weitz Investment Management Partners Value Fund has to say about Vulcan Materials Company in its Q4 2021 investor letter:

“Vulcan Materials contributed to returns due to solid results and a bright outlook for the company’s prosaic, essential products. Aggregate volumes and backlogs are strong across end markets, pricing momentum is robust, and the federal infrastructure bill adds visibility into the amount of money that will be allocated to infrastructure projects.”

Our calculations show that Vulcan Materials Company (NYSE: VMC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. VMC was in 43 hedge fund portfolios at the end of the third quarter of 2021, compared to 43 funds in the previous quarter. Vulcan Materials Company (NYSE: VMC) delivered a -6.13% return in the past 3 months.

In November 2021, we published an article that includes VMC in the 5 Best Material Stocks To Buy Now. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.