Published on 2 Jan 2024 on Zacks via Yahoo Finance
3 Stocks to Watch From the Thriving Concrete & Aggregates Industry
A boost in infrastructural and public construction spending should continue to favor the Zacks Building Products - Concrete & Aggregates industry. An improving residential construction market and favorable pricing dynamics have also been aiding companies in navigating hard times. Indeed, macroeconomic uncertainties, weather-related woes and higher labor costs are causes of concern. Nonetheless, prominent companies in the industry, like Martin Marietta Materials, Inc. (MLM), Eagle Materials Inc. (EXP) and Summit Materials, Inc. (SUM), have been gaining from the positives.
Industry Description
The Zacks Building Products - Concrete & Aggregates industry consists of manufacturers, distributors and sellers of construction materials like aggregates and concrete along with other related items for public infrastructure, residential and non-residential, as well as other end markets. The materials also include gypsum wallboard, recycled paperboard, concrete blocks, ready-mix concrete, and oil and gas proppants. The industry players are also involved in designing, engineering, manufacturing, marketing, and installation of external building products for commercial, residential, and repair and remodel markets in domestic as well as international markets.