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Best Building Material Stocks to Buy Now (2023)

Top building material stocks in 2023 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 18 points higher than the building material industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Boise Cascade Co has seen its stock return 67.05% over the past year, overperforming other building material stocks by 29 percentage points.

Boise Cascade Co has an average 1 year price target of $103.00, an upside of 0.76% from Boise Cascade Co's current stock price of $102.22.

Boise Cascade Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Boise Cascade Co, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 20% have issued a Sell rating, and 0% have issued a Strong Sell.

Eagle Materials (NYSE:EXP) is the second best building material stock with a Zen Score of 51, which is 18 points higher than the building material industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Eagle Materials has seen its stock return 49.17% over the past year, overperforming other building material stocks by 11 percentage points.

Eagle Materials has an average 1 year price target of $206.67, an upside of 25.28% from Eagle Materials's current stock price of $164.97.

Eagle Materials stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Eagle Materials, 55.56% have issued a Strong Buy rating, 11.11% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 11.11% have issued a Strong Sell.

Tecnoglass (NYSE:TGLS) is the third best building material stock with a Zen Score of 45, which is 12 points higher than the building material industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Tecnoglass has seen its stock return 53.33% over the past year, overperforming other building material stocks by 16 percentage points.

Tecnoglass has an average 1 year price target of $56.00, an upside of 69.95% from Tecnoglass's current stock price of $32.95.

Tecnoglass stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Tecnoglass, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 9 building material stocks that have issued dividends in the past year, the 3 building material stocks with the highest dividend yields are:

Loma Negra (NYSE:LOMA) has an annual dividend yield of 10.61%, which is 7 percentage points higher than the building material industry average of 3.43%.

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

Cementos Pacasmayo Saa (NYSE:CPAC) has an annual dividend yield of 10.24%, which is 7 percentage points higher than the building material industry average of 3.43%. 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 97.2% 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 4.55%, which is 1 percentage points higher than the building material industry average of 3.43%. Boise Cascade Co's dividend payout is not stable, having dropped more than 10% eight 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 31.2% indicates that its dividend yield is sustainable for the long-term.

Building material stocks were down -0.94% in the last day, and down -0.62% 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:

Boise Cascade Co (NYSE:BCC) is the most undervalued building material stock based on WallStreetZen's Valuation Score. Boise Cascade Co has a valuation score of 43, which is 21 points higher than the building material industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Boise Cascade Co's stock has gained 67.05% in the past year. It has overperformed other stocks in the building material industry by 29 percentage points.

Cemex Sab De Cv (NYSE:CX) is the second most undervalued building material stock based on WallStreetZen's Valuation Score. Cemex Sab De Cv has a valuation score of 43, which is 21 points higher than the building material industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Cemex Sab De Cv's stock has gained 85.34% in the past year. It has overperformed other stocks in the building material industry by 48 percentage points.

Cementos Pacasmayo Saa (NYSE:CPAC) is the third most undervalued building material stock based on WallStreetZen's Valuation Score. Cementos Pacasmayo Saa has a valuation score of 43, which is 21 points higher than the building material industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Cementos Pacasmayo Saa's stock has gained 11.71% in the past year. It has underperformed other stocks in the building material industry by -26 percentage points.