Below we present our list of the top 5 construction materials stocks to buy now. For a more comprehensive list see 10 best construction materials stocks to buy right now.
5. Masonite International Corporation (NYSE:DOOR)
No. of HFs: 29
Total Value of Hedge Fund Holdings: $496 million
Masonite International Corporation (NYSE: DOOR) is a Tampa, Florida-based organization that focuses on interior and exterior doors, door modules, and door entry systems that are made by Masonite.
During the second quarter of 2020, net sales was US$500 million, or an 11% decrease due to Covid. The total net income reported is US$34 million.
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4. Summit Materials (NYSE:SUM)
No. of HFs: 31
Total Value of Hedge Fund Holdings: $473 million
Summit Materials (NYSE: SUM) supplies, delivers, and provides paving services for construction materials. They provide cement, asphalt, ready-mix concrete, and other aggregates.
Summit Materials’ revenue grew by 27.5%. Specifically, in the third quarter of 2020 revenue was US$709.6M, during the second quarter of 2020, it was US$631M and in the first quarter of 2020, it was US$367.2 million.
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3. Eagle Materials (NYSE:EXP)
No. of HFs: 31
Total Value of HF Holdings: $473 million
Eagle Materials, Inc. (NYSE: EXP) is a Dallas, Texas-based producer of building materials. They produce cement, concrete, construction aggregates, gypsum, wallboard, paperboard, and sand for hydraulic fracturing.
The company reported an annual revenue of 2020 of US$1,451 million.
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2. Martin Marietta Materials, Inc. (NYSE:MLM)
No. of HFs: 38
Total Value of Hedge Fund Holdings: $1.9 billion
Martin Marietta Inc. (NYSE: MLM) is a member of the S&P 500 Index and an American-based company. They are a supplier of aggregates and heavy construction materials. Martin Marietta provides the materials for highways, sidewalks, and foundations in particular.
A total of US$1,321.4 million of total revenue was reported by the company for the third quarter of 2020.
1. Vulcan Material Company (NYSE:VMC)
No. of HFs: 42
Total Value of Hedge Fund Holdings: $1.3 billion
Vulcan Materials Company (NYSE: VMC) is a Birmingham, Alabama-based American company. It is mainly involved in the manufacture, distribution, and selling of building materials. During 2019, the company reached a market capitalization of about US$17.6 billion and was marked as the leading construction material company in the United States.
For the third-quarter net earnings were US$200 million compared to US$216 million during the prior year’s comparable quarter.
Please also see 10 best dividend stocks for passive income and 19 largest construction companies in the world.
