5 Best Materials Stocks to Buy Now

In this article, we will look at the 5 best materials stocks to buy now. If you want to explore similar stocks, you can read 12 Best Materials Stocks to Buy Now.

5. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 36

Vulcan Materials Company (NYSE:VMC) produces and supplies construction aggregates primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. On July 8, Vulcan Materials Company (NYSE:VMC) declared a quarterly cash dividend of $0.40 per share. The dividend is payable on September 2 to investors of record at the close of business on August 17. As of August 16, Vulcan Materials Company (NYSE:VMC) has a forward dividend yield of 0.90% and trailing twelve-month free cash flows of $389.80 million.

On July 19, DA Davidson analyst Brent Thielman revised his price target on Vulcan Materials Company (NYSE:VMC) to $195 from $220 and maintained a Buy rating on the shares.

On August 4, Vulcan Materials Company (NYSE:VMC) released earnings for the fiscal second quarter of 2022. The company reported earnings per share of $1.53 and generated a revenue of $1.95 billion, up 43.59% year over year, outperforming expectations by $105.23 million.

In the second quarter of 2022, Stockbridge Partners raised its stakes in Vulcan Materials Company (NYSE:VMC) by 15%, bringing them to $286.42 million. As of June 30, the fund owns over 2 million shares of the company and is the top shareholder.

At the end of the first quarter of 2022, 36 hedge funds held stakes in Vulcan Materials Company (NYSE:VMC) worth $2.0 billion. This is compared to 36 positions in the previous quarter with stakes worth $2.24 billion.