One of the industries that flourished during the pandemic was the material sector. Material stocks have recently risen as a result of the $1.2 trillion infrastructure bill being signed into law. Eagle Materials and Freeport-McMoRan are two material stocks that investors are keeping an eye on. In 2019, the worldwide construction and building materials market was valued at $916 billion. By 2025, the material sector is anticipated to be worth $1.28 trillion. According to Jefferies analysts, Vulcan Materials Company and Martin Marietta Materials will have “strong price momentum.”
Insider Monkey looks at the 10 best material stocks to buy now. Asphalt, concrete, and soil stabilizers are among the building products sold by the company. An analyst just raised Astec Industries, Inc. from Neutral to Buy. The company’s net revenue increased by 15.4 percent year over year to $267 million. Summit Materials, Inc., a maker of construction materials, has seen its stock rise 105 percent year to date. Due to higher volumes in aggregates, cement, and ready-mix concrete, the company’s revenue increased by 2.6 percent to $662.3 million in the third quarter. With over 500 facilities, Martin Marietta Materials, Inc. is one of North America’s leading aggregates manufacturers. In the third quarter, the company’s net revenues totaled $1.56 billion, up 18% year over year. Eagle Materials Inc. is a leading manufacturer of construction materials in the United States. Cement, aggregates, concrete, wallboards, and other light and heavy construction products are sold by the Dallas-based corporation. The company’s revenue in Q2 2022 was $510 million, up 14% over the previous quarter. Celanese Corporation is a manufacturer of specialty materials and chemicals. The Texas-based corporation sells polymers, chemicals, culinary components, and engineered materials. The company recorded $2.3 billion in third-quarter revenue in October, up 63 percent year over year. For more details, click 10 Best Material Stocks To Buy Now.
