5 Best Material Stocks To Buy Now

4. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 43

Vulcan Materials Company (NYSE:VMC) is one of the major construction material manufacturers in the US. The company has operations in the US, Bahamas, Mexico, Canada, and the Virgin Islands. The Alabama-based construction company sells sand and gravel, aggregates, and crushed stone. 

The construction material company is one of the best material stocks to buy now according to Jefferies analyst Philip Ng. The stock rose 3.7% on November 8 following the passage of the US infrastructure plan. Shares of Vulcan Materials Company (NYSE:VMC) increased 37% year to date. 

Of the 873 elite funds tracked by Insider Monkey, 43 were long Vulcan Materials Company (NYSE:VMC) at the end of June, compared to 48 in the first quarter of 2021.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Vulcan Materials Company (NYSE:VMC) with over 1.79 million shares worth $303 million at the end of the third quarter of 2021.