With an infrastructure spending bill inching closer to passage in Congress, companies operating in the infrastructure space should benefit. Hence, we expect prominent building materials manufacturers CRH (NYSE:CRH) and Vulcan Materials (VMC) to benefit from the industry tailwinds. But let’s find out which of these stocks is a better buy now. Read on.CRH plc (CRH) in Rathfarnham, Ireland, and Vulcan Materials Company (NYSE:VMC) in Birmingham, Ala. are two popular companies in the building materials industry. CRH manufactures and distributes a wide range of architectural, infrastructure, and construction products for infrastructure, housing, and commercial projects worldwide. It also offers network access products, paving, and construction services, and serves governments, contractors, homebuilders, homeowners, and sub-contractors. VMC produces and supplies construction aggregates, asphalt mix and concrete, and cement primarily in the United States.
As the infrastructure sector regains its momentum with the resumption of economic activities, an infrastructure spending bill that is moving closer to passage is brightening the prospects for companies that produce building materials. So, both CRH and VMC should benefit in the coming months.
While CRH's share price has gained 2% over the past month, VMC's has surged 5.9%. VMC is also a clear winner with 22.2% gains versus CRH’s 19.4% in terms of year-to-date performance. But, which of these stocks is a better pick now? Let’s find out.