Top 5 Construction Materials Stocks To Buy Now

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.