5 Best Infrastructure Stocks To Buy Now

In this article, we discuss 5 best infrastructure stocks to buy now. If you want to see more stocks in this selection, check out 10 Best Infrastructure Stocks To Buy Now. 

5. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 34

Vulcan Materials Company (NYSE:VMC) is an American producer and supplier of construction aggregates, operating through Aggregates, Asphalt, Concrete, and Calcium segments. The company’s products are utilized in the construction and maintenance of highways, streets, and other public infrastructure applications, as well as the construction of residential, commercial, industrial, and other non-residential facilities. Vulcan Materials Company (NYSE:VMC) is one of the best infrastructure stocks to invest in. 

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. The dividend yield on November 1 came in at 0.98%. 

DA Davidson analyst Brent Thielman on October 12 maintained a Buy recommendation 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 slowness but noted that some non-residential suppliers suggest that positive pipelines into 2023 “lend cautious optimism” for Vulcan Materials Company (NYSE:VMC).

According to Insider Monkey’s data, 34 hedge funds were bullish on Vulcan Materials Company (NYSE:VMC) at the end of June 2022, compared to 36 funds in the preceding quarter. Sharlyn C. Heslam’s Stockbridge Partners is the biggest position holder in the company, with more than 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.”