Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Five Building Materials Stocks Hedge Funds Like

Page 1 of 3

Stocks of building and construction material companies have been on fire this year. The stellar gains they have delivered can be gauged from the performance of the Dow Jones U.S. Building Materials & Fixtures Index, which has appreciated by 14.80% so far in 2016, while Dow Jones Industrial Average has inched up by 2.50%. Considering the rally that the sector is experiencing, we thought of compiling a list of building material stocks based on how popular they were among the hedge funds tracked by us at the end of first quarter. In this post, we will take a look at the five stocks that topped our list and will analyze their performance this year.

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see more details here).

rental, phone, mining, engineer, hardhat, asian, heavy, machinery, digger, telephone, indonesian, male, orange, people, worker, supervisor, equipment, protection,

Kzenon/Shutterstock.com

#5 US Concrete Inc (NASDAQ:USCR)

– Investors with long positions (as of March 31): 22

– Aggregate value of investors’ holdings (as of March 31): $83.02 million

Ready-mixed concrete producer, US Concrete Inc (NASDAQ:USCR), saw its ownership among funds covered by us increasing by three during the first quarter. However, the aggregate value of their holdings in the company plummeted by over 30% during the same time. All of the four hedge funds that were the largest shareholder of the company at the end of 2015 reduced their stakes in it during the January-March period, including Chuck Royce‘s Royce & Associates, which brought its holding down by 24% to 234,104 shares. Shares of US Concrete reached their lifetime high of $69.66 in April and are currently trading up by 23% year-to-date. On April 21, analysts at BB&T Corp. initiated their coverage on the stock with a ‘Buy’ rating and $80 price target, which represents a potential upside of around 30%.

Follow Us Concrete Inc
Trade (USCR) Now!

Page 1 of 3

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!