04:15 PM EDT, 05/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $4 to $311 on an EV/EBITDA of 18.1x our 2025 EBITDA estimate, a premium to VMC's five-year average forward EV/EBITDA of 16.3x, justified by the company's success in increasing margins as well as our expectations of significant tailwinds from public spending. We lower our 2025 EPS estimate by $0.73 to $8.58 and cut 2026's forecast by $0.75 to $9.94 to reflect macroeconomic uncertainty. VMC reported Q1 2025 revenues of $1.63B (+5.8% Y/Y), slightly below consensus, while adjusted EPS grew 25% and beat expectations by 31.6%. Adjusted EBITDA rose 27% to $410.9M, exceeding consensus by 6.9%, with margins expanding 420 bps to 25.1%. We are encouraged by VMC's pricing discipline and operational efficiency, highlighted by the 7% increase in freight-adjusted sales price, which offset a 0.6% volume decline. A 3% reduction in unit costs also led to a 20% improvement in cash gross profit per ton. We view VMC as well positioned to navigate uncertainties in the broader economic environment.