11 Best Cement and Construction Materials Stocks to Buy Now

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1. CRH plc (NYSE:CRH)

Number of Hedge Fund Holders: 75

CRH plc (NYSE:CRH) is a Fortune 500 company that serves as a leading provider of building materials solutions. The company has a global footprint with operations spanning 28 countries and 4 continents. Its global business operates as two divisions, CRH Americas and CRH Europe. CRH is a vertically integrated supplier of aggregates, asphalt, ready-mixed concrete, cement, paving, and construction services. CRH also manufactures high-value-added building products for use in residential and non-residential construction projects.

The fully integrated building solutions provider CRH has an unmatched size & scale. It is the largest building materials business in North America, with operations in 48 US states and 7 Canadian provinces. Simultaneously, CRH is in a market leadership position in Europe and has a regional leadership position in Asia. The firm’s products are used in some of the most iconic construction projects globally. Other than having market-leading positions, CRH has also been consistently delivering double-digit earnings growth through the cycle other than having a strong balance sheet.

CRH continues to drive an industry-leading financial performance. For Q2 2024, CRH plc (NYSE:CRH) recorded net income of $1.3 billion which has increased 8% as compared to 2023. Adjusted EBITDA also grew by 12% year-over-year. With leading positions in high-growth markets and a positive underlying momentum, the future outlook remains bright.

Recently, the company announced the appointment of Jim Mintern as the next CEO who will be succeeding Albert Manifold retiring at 2024’s end. With 30 years of experience in the building materials industry, Jim Mintern is well-positioned to lead the high-performing group through future opportunities. In conclusion, CRH plc (NYSE:CRH) has shown a legacy of continuous growth and financial performance.

While we acknowledge the potential of CRH as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than CRH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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