Just one month ago, President Biden announced his support for the Bipartisan Infrastructure Plan. These expenditures should benefit the companies involved in the production of concrete and cement.
The first occurrence of cement took place 12 million years ago. Did you know that many thousands of years ago,cement was made out of cow dung, along with lime and mud. This cement was called ‘daub’. If you are looking for a good infrastructure play, maybe cement stocks could be a solid foundation for you portfolio. All of the following have market caps above $1 billion.
CRH PLC ( CRH ) is an Irish based cement and building materials manufacturer. The stock has a price to earnings ratio of 34 , and a yield of 2.37%.
Cemex ( CX ) is a Mexico based cement and construstion materials manufacturer. The company is currently generating negative earnings and does not pay a dividend.
Eagle Materials ( EXP ) is a Texas based manufacturer of cement and gypsum wallboard. The stock has a P/E of 17, and a yield of 0.73% .
James Hardie Industries ( JHX ) is another Ireland-based manufacturer of cement products. The stock has a P/E of 58, and does not pay a dividend .
Vulcan Materials Company (VMC) is an Alabama based producer of construction aggregate. It trades at 35 times earnings and pays a yield of 0.83%
US Concrete (USCR) is a Texas based concrete producer, which trades at 52 times earnings. It does not pay a dividend.
Disclosure: Author did not own any of the above at the time the article was written.