Sectors & IndustriesBasic MaterialsBuilding Materials

Best Building Material Stocks to Buy Now (2024)

Top building material stocks in 2024 ranked by overall Zen Score. See the best building material stocks to buy now, according to analyst forecasts for the building materials industry.

According to Zen Score, the 3 best building material stocks to buy right now are:

Boise Cascade Co (NYSE:BCC) is the top building material stock with a Zen Score of 51, which is 15 points higher than the building material industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Boise Cascade Co has seen its stock return 98.87% over the past year, overperforming other building material stocks by 41 percentage points.

Boise Cascade Co has an average 1 year price target of $138.67, an upside of 3.79% from Boise Cascade Co's current stock price of $133.60.

Boise Cascade Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Boise Cascade Co, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

United States Lime & Minerals (NASDAQ:USLM) is the second best building material stock with a Zen Score of 51, which is 15 points higher than the building material industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. United States Lime & Minerals has seen its stock return 87.59% over the past year, overperforming other building material stocks by 29 percentage points.

Eagle Materials (NYSE:EXP) is the third best building material stock with a Zen Score of 46, which is 10 points higher than the building material industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Eagle Materials has seen its stock return 62.99% over the past year, overperforming other building material stocks by 5 percentage points.

Eagle Materials has an average 1 year price target of $283.17, an upside of 18.88% from Eagle Materials's current stock price of $238.19.

Eagle Materials stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Eagle Materials, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 8 building material stocks that have issued dividends in the past year, the 3 building material stocks with the highest dividend yields are:

Cementos Pacasmayo Saa (NYSE:CPAC) has an annual dividend yield of 10.33%, which is 7 percentage points higher than the building material industry average of 3.28%. Cementos Pacasmayo Saa's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Cementos Pacasmayo Saa's dividend has shown consistent growth over the last 10 years.

Cementos Pacasmayo Saa's dividend payout ratio of 107.2% indicates that its high dividend yield might not be sustainable for the long-term.

Loma Negra (NYSE:LOMA) has an annual dividend yield of 6.74%, which is 3 percentage points higher than the building material industry average of 3.28%.

Loma Negra's dividend payout ratio of 573.9% indicates that its high dividend yield might not be sustainable for the long-term.

Boise Cascade Co (NYSE:BCC) has an annual dividend yield of 6.55%, which is 3 percentage points higher than the building material industry average of 3.28%. Boise Cascade Co's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Boise Cascade Co's dividend has shown consistent growth over the last 10 years.

Boise Cascade Co's dividend payout ratio of 71.3% indicates that its high dividend yield is sustainable for the long-term.

Building material stocks were down -1.15% in the last day, and down -4.68% over the last week.

We couldn't find a catalyst for why building material stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued building material stocks right now are:

Cementos Pacasmayo Saa (NYSE:CPAC) is the most undervalued building material stock based on WallStreetZen's Valuation Score. Cementos Pacasmayo Saa has a valuation score of 71, which is 41 points higher than the building material industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Cementos Pacasmayo Saa's stock has dropped -0.19% in the past year. It has underperformed other stocks in the building material industry by -58 percentage points.

Boise Cascade Co (NYSE:BCC) is the second most undervalued building material stock based on WallStreetZen's Valuation Score. Boise Cascade Co has a valuation score of 43, which is 13 points higher than the building material industry average of 30. It passed 3 out of 7 valuation due diligence checks.

Boise Cascade Co's stock has gained 98.87% in the past year. It has overperformed other stocks in the building material industry by 41 percentage points.

Cemex Sab De Cv (NYSE:CX) is the third most undervalued building material stock based on WallStreetZen's Valuation Score. Cemex Sab De Cv has a valuation score of 43, which is 13 points higher than the building material industry average of 30. It passed 3 out of 7 valuation due diligence checks.

Cemex Sab De Cv's stock has gained 35.42% in the past year. It has underperformed other stocks in the building material industry by -23 percentage points.