Stock Entry Point Article

Looking to play the infrastructure sector? Check out Vulcan Materials Company

Vulcan Materials Company (NYSE: VMC) is the largest producer of concrete aggregates in the US. The company is based out of Birmingham, Alabama, and it is one of the top building materials stocks to buy now. Concrete aggregate or construction aggregate is mainly crushed stone, sand, and gravel. Vulcan Materials Company also produces aggregates-based construction materials like asphalt mix and ready-mixed concrete.

Vulcan Declares a Quarterly Dividend

Vulcan Materials Company recently declared a quarterly cash dividend of $0.34 per share. The announcement, made on 9th October 2020, came in about a month before the company is scheduled to report its third-quarter earnings results on November 5th. The record date will be 17th November 2020 and the payment date will be 3rd December 2020. Vulcan had paid a dividend of $0.34 back in August 2020 and it had also paid a quarterly dividend of $0.31 per share on 3 consecutive occasions in 2019. The dividend track record of the company has been quite consistent since 2011.

Current Stock Performances of the Top Building Materials Stocks To Buy Now

Vulcan’s stock closed at $147.73 on 14th October 2020. It trades at a dividend yield of 0.92% and has a market capitalization of $19.57 billion. The stock is up 3.51% for the year 2020 and up 92.83% since hitting a 52-week low in March earlier this year. On a 5-year basis, the stock is up 61.59%. Vulcan’s peers are Martin Marietta Materials and Eagle Materials. Martin Marietta is down 6% year-to-date but up 80% since the March market crash. On a 5-year basis, the stock is up 71%. Eagle Materials is almost flat for the year 2020 and up 112% since the March market fall. On a 5-year basis, Eagle Materials is up 33%. So, on a 2020-yearly performance basis, Vulcan is clearly among the top building materials stocks to buy now.

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