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What: Shares of construction materials company Vulcan Materials (NYSE:VMC) popped as high as 12% today after its quarterly results and full-year outlook impressed Wall Street.

So what: The stock has rallied nicely in recent months on signs of rebounding residential construction, and today's Q3 results -- EPS of $0.31 topped estimates by $0.05 on revenue growth of 13% -- coupled with an upbeat full-year view only reinforces that trend. In fact, gross profit margins during the quarter increased 200 basis points over the year-ago period, suggesting that Vulcan's competitive position is strengthening as well.

Now what: Management doesn't expect the momentum to slow anytime soon. "Demand for our products continues to benefit from recovery in private construction activity, particularly residential construction, in many of our key markets," Chairman and CEO Don James said. "Growth in residential construction activity, and its traditional follow-on impact on private nonresidential construction, continues to underpin our expectations for future volume growth and earnings improvement." Of course, with Vulcan shares surging to a new 52-week high today and trading at a lofty price-to-cash flow around 35, those positive expectations might already be baked into the valuation. 

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.