U.S. Building Materials Companies Rally on Making America’s Roads Great Again
Following the election of Donald J. Trump as America's next president, U.S. aggregates and concrete companies have rallied sharply, gaining roughly 15% to 20% in the two days since the election. On one hand, we think this makes sense. Unlike globally fungible commodities like steel or copper, cement, aggregates, and concrete are almost entirely consumed near their production sites given low value-to-weight ratios. As a result, increases in infrastructure spending definitely benefit the financial...U.S. Concrete is a holding company. Through its subsidiaries, the company is engaged as a producer of ready-mixed and as a supplier of aggregates. The company's products comprised of: ready-mixed concrete, which products consist of proportioned mixes it produces and delivers in an unhardened plastic state for placement and shaping into designed forms at the job site; aggregates products, which sells these aggregates for use in commercial, industrial and public works projects in the markets they serve; and other, which includes the company's building materials stores, hauling operations, aggregates distribution terminals, a recycled aggregates operation and concrete blocks.
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