11 Best Cement and Construction Materials Stocks to Buy Now

8. CEMEX, S.A.B. de C.V. (NYSE:CX)

Number of Hedge Fund Holders: 22

CEMEX, S.A.B. de C.V. (NYSE:CX) is a global building materials company that provides innovative and sustainable solutions for the construction industry. The firm has a vertically integrated approach to production and distribution. Its portfolio of products covers the whole construction value chain and focuses on cement, ready-mix concrete, aggregates, and urbanization solutions.

CEMEX serves as one of the world’s largest aggregates producers. The firm has a robust global footprint spanning over 50 countries, with a strong position in the Americas. It has a diversified and vertically integrated business alongside unmatched digital capabilities. By delivering the best customer experience empowered by digital, CEMEX, S.A.B. de C.V. (NYSE:CX) leads the industry in digital innovation. The firm also optimizes its portfolio towards developed markets with highly attractive medium-term growth prospects.

The construction materials company recorded a strong second quarter. CEMEX’s EBITDA margin grew to 21.5% thereby expanding to its highest level since 2016. The EBITDA growth was driven by the strong pricing and lower input cost inflation, the growth in the Urbanization Solutions business, and the bolt-on investments primarily in the United States.

Therefore, CEMEX, S.A.B. de C.V. (NYSE:CX) is a leading global supplier of construction materials that has a history of growth and innovation, a strong global presence, and a robust growth strategy. The firm ranks among the 11 best cement and construction material stocks to buy now.