5 Best Cement and Construction Materials Stocks To Buy Now

3. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 34

Vulcan Materials Company (NYSE:VMC) was founded in 1909 and is headquartered in Birmingham, Alabama. The company produces and supplies construction aggregates primarily in the United States, operating through four segments – Aggregates, Asphalt, Concrete, and Calcium. On October 14, Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend of $0.40 per share, in line with previous. The dividend is payable on December 5, to shareholders of record on November 15. It is one of the premier materials stocks to buy now. 

DA Davidson analyst Brent Thielman maintained a Buy rating on Vulcan Materials Company (NYSE:VMC) but lowered the price target on the stock to $200 from $205. The analyst attributed his price target change to short-term volume weakness associated with supply constraints, rail operations, and weather, while also citing the potential for positive industry volume expectations. His surveys suggest that optimistic pipelines into 2023 “lend cautious optimism” for Vulcan Materials Company (NYSE:VMC).

According to Insider Monkey’s data, 34 hedge funds were long Vulcan Materials Company (NYSE:VMC) at the end of June 2022, compared to 36 funds in the prior quarter. Sharlyn C. Heslam’s Stockbridge Partners is the biggest position holder in the company, with 2 million shares worth $286.4 million. 

Here is what Weitz Investment Management Partners Value Fund has to say about Vulcan Materials Company (NYSE:VMC) 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.”