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The building materials industry is expected to benefit from the landmark $1.2 trillion infrastructure bill passed on November 15. Approximately $550 billion in the bill is dedicated to constructing and renovating public infrastructure in the United States, including roads, bridges, water, and energy systems. The infrastructure bill is hailed as a “once-in-a-lifetime” investment, with the goal of transforming the country’s existing infrastructure framework, which was recently rated C by the American Society of Civil Engineers. So, the demand for building materials is expected to accelerate over the next few years. Consequently, both OC and BECN should see impressive growth over the long term.
Shares of BECN have gained 42% in price over the past year, while OC has risen 20.6% over this period. In terms of year-to-date performance, BECN is the clear winner, with 34.5% gains versus OC’s 18.7% returns over this period. However, BECN has declined 9.5% over the past month, while OC retreated 2.4%.
