CEMEX, S.A.B. de C.V. (NYSE:CX) is one of the best Mexican stocks to invest in. On November 18, Goldman Sachs’ Jorel Guilloty reaffirmed his Buy rating on CEMEX, S.A.B. de C.V. (NYSE:CX) with an $11.50 price target. Barclays Reaffirms Buy Rating on CEMEX (CX), Sets $12 Target The analyst action followed CEMEX’s Q3 2025 results, which came out the same day. During the quarter, CEMEX managed $4.25 billion in consolidated net sales, a 2% rise from Q3 2024. Also, this marked the first quarterly net sales gro ...

Madison Investments, an investment advisor, released its “Madison Small Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The third quarter was difficult for the Small Cap Fund.  The small-cap index’s performance was broad-based. The Madison Small Cap Fund (class Y) was down 1.3% in the quarter, significantly underperforming the benchmarks. The underperformance was driven by stock selection and exacerbated by a very speculative market. In addition, please check the f ...

With a market cap of around $36 billion, Martin Marietta Materials, Inc. (MLM) is a leading natural resource–based building materials company supplying aggregates, cement, concrete, asphalt, and paving services to construction markets across the U.S. and internationally. It also produces magnesia-based chemical products and dolomitic lime used in industries such as steel manufacturing, agriculture, and environmental applications. Shares of the Raleigh, North Carolina-based company have underperformed the ...

Vulcan Materials Company (VMC), headquartered in Birmingham, Alabama, produces and supplies construction aggregates. Valued at $37 billion by market cap, the company’s principal product lines are aggregates, asphalt mix, concrete, and cement. Shares of the largest producer of construction aggregates have underperformed the broader market over the past year. VMC has gained 1.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.3%. In 2025, VMC stock is up 9.6%, falling behi ...

Core Points - NACCO Industries announced a quarterly cash dividend of 25.25 cents per share, payable on December 15, 2025, to stockholders of record as of December 1, 2025 [1] - The company approved a new stock repurchase program allowing for the repurchase of up to $20 million of Class A Common Stock through December 31, 2027, replacing the previous program [2] - The CEO expressed confidence in the company's long-term business prospects and indicated that share repurchases will be balanced with other capital needs [3] Dividend Information - The declared dividend is applicable to both Class A and Class B Common Stock [1] - The payment date is set for December 15, 2025, with a record date of December 1, 2025 [1] Stock Repurchase Program - The new program allows for repurchases of up to $20 million, replacing the previous program that was set to expire on December 31, 2025 [2] - The timing and amount of repurchases will be at the discretion of management, influenced by capital availability and market conditions [3] - The program may be modified or terminated at any time without prior notice and can be executed through various methods, including open-market purchases [3]

Core Insights - Baron Real Estate Fund delivered a strong performance in Q3 2025, appreciating 10.25% compared to the MSCI US REIT Index's 4.49% and the MSCI USA IMI Extended Real Estate Index's 5.65% [1] Company Overview - CRH plc is a leading building materials solutions provider headquartered in Dublin, Ireland, with a market capitalization of $75.457 billion as of November 11, 2025 [2] - The stock of CRH plc experienced a one-month return of -5.00% but gained 13.58% over the last 52 weeks, closing at $112.65 per share [2] Performance Analysis - CRH plc's shares performed well in the recent quarter due to strong quarterly results and a successful Investor Day [3] - The company is the largest supplier of building materials such as aggregates, cement, asphalt, and concrete in North America and Europe, serving housing, infrastructure, and commercial projects [3] Business Model - CRH plc employs a vertically integrated approach, selling both upstream materials (aggregates and cement) and downstream materials (asphalt and concrete) [3] - This strategy aims to maximize returns on raw material reserves by profiting from both upstream sales and related product offerings that utilize these materials [3]

Core Insights - Granite reported a strong third quarter for 2025, with net income attributable to the company reaching $103 million, or $1.98 per diluted share, a 30% increase year-over-year from $79 million, or $1.57 per diluted share [3][6] - The company achieved record Committed and Awarded Projects (CAP) of $6.3 billion, reflecting a sequential increase of $273 million and a year-over-year increase of $718 million, indicating robust growth prospects [4][12] - Adjusted net income for the third quarter was $124 million, or $2.70 per diluted share, up 36% from $91 million, or $2.05 per diluted share in the same period last year [3][6] Financial Performance - Revenue for the third quarter increased by 12% year-over-year to $1.43 billion, up from $1.28 billion [6][7] - Gross profit rose to $261 million, an increase of $58 million compared to $203 million in the prior year, with gross profit margin improvements across both segments [7][8] - Adjusted EBITDA for the third quarter increased by 44% year-over-year to $216 million [6][7] Segment Performance - The Materials segment saw significant growth, with revenue increasing by 39.1% year-over-year to $270.99 million, and gross profit rising by 111.4% to $68.20 million [13][14] - The Construction segment also performed well, with revenue increasing by 7.6% year-over-year to $1.16 billion and gross profit increasing by 12.7% to $192.35 million [11][13] Strategic Initiatives - The acquisition of Cinderlite is expected to enhance Granite's operations in Nevada, supporting the company's strategy to strengthen its vertically-integrated home markets [4][16] - The company anticipates a busy fourth quarter and continued growth into 2026, driven by increased materials orders and a high-quality project portfolio [16][20] Guidance and Outlook - Granite updated its fiscal year 2025 guidance, narrowing revenue expectations to a range of $4.35 billion to $4.45 billion, while increasing the adjusted EBITDA margin range to 11.50% to 12.50% [20][21] - The company expects capital expenditures to total approximately $130 million, representing about 3% of revenue [20]

Financial Data and Key Metrics Changes - The company reported record financial results for Q3 2025, with revenue of $1.2 billion and adjusted EBITDA of $273 million, marking all-time quarterly highs [4][21] - Adjusted EBITDA margin improved to 22.7% for the quarter, reflecting strong contributions from recent acquisitions and cost control efforts [4][21] - Year-over-year revenue growth was driven by a 22% increase in revenue and a 56% increase in adjusted EBITDA over the past three years [14] Business Line Data and Key Metrics Changes - In the aggregates segment, prices increased by 8% and margins improved by 50 basis points [16] - Ready-mix volumes were up 16% with price increases of almost 6%, leading to a margin improvement of 160 basis points [17] - Asphalt volumes were down approximately 7% due to less paving work, but margins slightly improved compared to the previous year [18] Market Data and Key Metrics Changes - The Oregon market showed year-over-year improvements, with contracting services backlog approximately 90% of last year's level [7] - The Mountain segment experienced challenges due to less asphalt paving, but backlog remains at record levels [9] - The Central segment saw a substantial increase in backlog, up 83% year-over-year, driven by strong demand in Texas [10] Company Strategy and Development Direction - The company continues to focus on M&A as a core component of its competitive edge strategy, with multiple deals in the pipeline [5][12] - The competitive edge plan includes optimizing pricing and controlling costs, which has led to improved gross margins across product lines [4][12] - The company aims to achieve a long-term goal of a 20% adjusted EBITDA margin through ongoing process improvements and dynamic pricing [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stabilization of the Oregon market and the potential for continued growth in 2026 [31] - The company anticipates that public infrastructure investments will support profitable growth, with a record backlog and favorable weather conditions expected [6][21] - Management highlighted the importance of dynamic pricing and operational efficiencies in driving future performance [12][54] Other Important Information - The company ended the quarter with a net leverage position of 2.6 times and $457 million of borrowing capacity [20] - Capital expenditures are expected to be between 5% and 7% of revenue for the full year, with $664 million invested in growth initiatives through Q3 [20] Q&A Session Summary Question: Context for fourth quarter guidance and year-on-year growth - Management cited stabilization in Oregon, a strong backlog, and favorable weather as key factors supporting confidence in year-on-year growth [25][26] Question: Potential for rebound in Oregon next year - Management noted the need for stability in the Portland economy and the impact of the transportation funding bill on future results [30][31] Question: Performance of Strata and EBITDA contribution - Management expressed satisfaction with Strata's integration and performance, anticipating strong contributions in the coming year [32] Question: Insights on backlog and project types - Management indicated that while margins in backlog are slightly lower, the overall gross profit is higher due to increased asphalt paving [39][40] Question: Competitive bid dynamics in the Mountain region - Management acknowledged intensified competition but emphasized that the challenges are temporary and related to project timing rather than structural issues [47][49] Question: Future M&A activity - Management plans to focus on infill acquisitions in existing markets and adjacent markets, targeting higher-margin materials-led companies [84][85]

Core Insights - Eagle Materials Inc. reported earnings per share (EPS) of $8.72, significantly exceeding the estimated EPS of $4.35 [1][5] - The company's revenue for the quarter ending in September 2025 was approximately $638.9 million, surpassing the estimated $635.5 million, and representing a 2.5% year-over-year increase [2][5] Financial Metrics - The price-to-earnings (P/E) ratio of Eagle Materials Inc. is approximately 11.93, indicating the market's valuation of its earnings [3][5] - The price-to-sales ratio stands at about 3.08, reflecting the market's valuation of its revenue [3] - The enterprise value to sales ratio is around 3.39, suggesting how the market values the company's total value in relation to its sales [3] Debt and Liquidity - The company's debt-to-equity ratio is approximately 0.50, indicating a moderate level of debt relative to its equity [4] - The current ratio is about 2.72, demonstrating the company's ability to cover its short-term liabilities with its short-term assets [4]

Group 1 - Cemex S.A.B. de C.V. (NYSE:CX) is considered one of the best affordable stocks to buy under $20, despite being downgraded to Sector Perform from Outperform by Scotiabank on October 20, while the price target was raised to $11.10 from $10.90 [1] - Scotiabank indicated that Cemex's shares are expected to experience a "pause" after a year-to-date rally, with no short-term catalysts identified to sustain the recent momentum [2][3] - The company operates in various geographical segments, including Mexico, the United States, Europe, Middle East, Africa and Asia (EMEAA), and South, Central America and the Caribbean (SCA&C), providing products such as ready-mix concrete, cement, aggregates, and urbanization solutions [4]