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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:

United States Lime & Minerals (NASDAQ:USLM) is the top building material stock with a Zen Score of 52, which is 18 points higher than the building material industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. United States Lime & Minerals has seen its stock return 103.06% over the past year, overperforming other building material stocks by 50 percentage points.

Boise Cascade Co (NYSE:BCC) is the second best building material stock with a Zen Score of 51, which is 17 points higher than the building material industry average of 34. It passed 18 out of 38 due diligence checks and has strong fundamentals. Boise Cascade Co has seen its stock return 82.66% over the past year, overperforming other building material stocks by 29 percentage points.

Boise Cascade Co has an average 1 year price target of $152.00, an upside of 10.71% from Boise Cascade Co's current stock price of $137.29.

Boise Cascade Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Boise Cascade Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Martin Marietta Materials (NYSE:MLM) is the third best building material stock with a Zen Score of 50, which is 16 points higher than the building material industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Martin Marietta Materials has seen its stock return 44.53% over the past year, underperforming other building material stocks by -9 percentage points.

Martin Marietta Materials has an average 1 year price target of $636.30, an upside of 9.39% from Martin Marietta Materials's current stock price of $581.69.

Martin Marietta Materials stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Martin Marietta Materials, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 7 building material stocks that have issued dividends in the past year, the 3 building material stocks with the highest dividend yields are:

Boise Cascade Co (NYSE:BCC) has an annual dividend yield of 6.37%, which is 4 percentage points higher than the building material industry average of 1.88%. 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 70.6% indicates that its high dividend yield is sustainable for the long-term.

Loma Negra (NYSE:LOMA) has an annual dividend yield of 6.13%, which is 4 percentage points higher than the building material industry average of 1.88%.

Loma Negra's dividend payout ratio of 856.5% indicates that its high dividend yield might not be sustainable for the long-term.

Tecnoglass (NYSE:TGLS) has an annual dividend yield of 0.71%, which is -1 percentage points lower than the building material industry average of 1.88%. Tecnoglass's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tecnoglass's dividend has not shown consistent growth over the last 10 years.

Tecnoglass's dividend payout ratio of 11% indicates that its dividend yield is sustainable for the long-term.

Building material stocks were down -3.8% in the last day, and down -2% 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:

Knife River (NYSE:KNF) is the most undervalued building material stock based on WallStreetZen's Valuation Score. Knife River has a valuation score of 43, which is 17 points higher than the building material industry average of 26. It passed 3 out of 7 valuation due diligence checks.

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 17 points higher than the building material industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Boise Cascade Co's stock has gained 82.66% in the past year. It has overperformed other stocks in the building material industry by 29 percentage points.

Summit Materials (NYSE:SUM) is the third most undervalued building material stock based on WallStreetZen's Valuation Score. Summit Materials has a valuation score of 43, which is 17 points higher than the building material industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Summit Materials's stock has gained 26.04% in the past year. It has underperformed other stocks in the building material industry by -28 percentage points.