Top 5 NYSE material stocks to follow in 2022

Highlights 

  • Sherwin-Williams Company (NYSE: SHW) expects its adjusted diluted net income to be between US$8.35 and US$8.55 per share
  • Freeport-McMoRan, Inc.’s (NYSE: FCX) revenue surged 58% YoY in Q3, FY21
  • Vulcan Materials Company (NYSE: VMC) projected its full fiscal 2021 adjusted EBITDA to be between US$1.43 billion and US$1.46 billion

The material sector is comprised of companies that focus on producing, developing, and processing raw materials. The raw materials are then used across a wide range of industries.

The sector primarily manufactures a wide range of products like plastic, paper, metals, and others. Meanwhile, the S&P 500 Materials sector has risen 16.5% in a year.

Here we explore 5 material stocks that could make headlines in the first quarter of 2022.

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Sherwin-Williams Company (NYSE: SHW)

Sherwin-Williams is a paint and coating manufacturing firm based in Cleveland, Ohio. It primarily focuses on developing, manufacturing, and selling paint, coatings, and other related products.

The shares of the company closed at US$317.39 on January 13, down by 1.31% from their closing price of January 12. Its stock value increased by 32.47% over the past 12 months.

The firm has a market cap of US$83.21 billion, a P/E ratio of 43.5, and a forward one-year P/E ratio of 37.88. Its EPS is US$7.30.

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The 52-week highest and lowest stock prices were US$354.15 and US$218.06, respectively. Its trading volume was 1,035,117 on January 13.

The company will report its fourth-quarter fiscal 2021 and full fiscal 2021 financial results on Thursday, January 27, at 11 am ET.

Meanwhile, in the third quarter of fiscal 2021, the company's net sales rose 0.5% YoY to US$5.15 billion. Its net income came in at US$502.2 million, against an income of US$705.8 million in Q3, FY20.

For full fiscal 2021, the company expects its adjusted diluted net income to be between US$8.35 and US$8.55 per share.

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Top material stocks to explore in 2022

Source: Pixabay

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Freeport-McMoRan, Inc. (NYSE: FCX)

Freeport-McMoRan is a mining company that engages with operations of various assets like copper, gold, and other related products. It is based in Phoenix, Arizona.

The stock of the company closed at US$44.33 on January 13, down by 1.82% from its previous closing price. The FCX stock rose 38.57% over the past 12 months.

The market cap of the company is US$65.09 billion, the P/E ratio is 16.86, and the forward P/E one-year ratio is 14.38. Its EPS is US$2.63.

The stock saw the highest price of US$46.10 and the lowest price of US$24.71 in the last 52 weeks. Its share volume on January 13 was 22,946,120.

The company's revenue rose 58% YoY to US$6.08 billion in Q3, FY21. Its net income attributable to common shareholders came in at US$1.39 billion, or US$0.94 per diluted share, as compared to US$329 million, or US$0.22 per diluted share in Q3, FY20.

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Corteva, Inc. (NYSE: CTVA)

Corteva is an agricultural chemical and seed company that provides seed and crop protection solutions focusing on the agricultural industry. It is based in Wilmington, Delaware.

The shares of the company closed at US$48.90 on January 13, up 0.08% from their closing price of January 12. Its stock value ticked up 10.61% over the past 12 months.

The firm has a market cap of US$35.64 billion, a P/E ratio of 22.23, and a forward one-year P/E ratio of 22.83. Its EPS is US$2.20.

The 52-week highest and lowest stock prices were US$49.98 and US$36.54, respectively. Its trading volume was 2,107,791 on January 13.

The company's net sales rose 27% YoY to US$2.4 billion in Q3, FY21. On a GAAP basis, its income came in at US$36 million, or US$0.05 per share, representing an increase of 110% YoY.

The company expects its net sales to be between US$15.5 billion and US$15.7 billion in full fiscal 2021.

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Vulcan Materials Company (NYSE: VMC)

Vulcan is a Birmingham, Alabama-based company that supplies construction aggregates and produces asphalt mixed and ready-mixed concrete.

The stock of the company closed at US$199.07 on January 13, down 1.88% from its previous closing price. The VMC stock grew 23.94% over the past 12 months.

The market cap of the company is US$26.41 billion, the P/E ratio is 41.13, and the forward one-year P/E ratio is 40.66. Its EPS is US$4.84.

The stock saw the highest price of US$213.65 and the lowest price of US$143.10 in the last 52 weeks. Its share volume on January 13 was 951,390.

The company's total revenue surged 16% YoY to US$1.52 billion in Q3, FY21. Its net earnings came in at US$176.9 million, as compared to US$199.8 million in Q3, FY20.

The firm now expects its full fiscal 2021 adjusted EBITDA to be between US$1.43 billion and US$1.46 billion.

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 Material stocks: SHW, FCX, CTVA, VMC, MLM

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Martin Marietta Materials, Inc. (NYSE: MLM)

Martin Marietta is a natural resource-based building material firm that supplies various aggregates in the US and Canada. It is based in Raleigh, North Carolina.

The shares of the company closed at US$410.89 on January 13, down 2.76% from their closing price of January 12. Its stock value soared 35.68% over the past 12 months.

The firm has a market cap of US$25.63 billion, a P/E ratio of 35.27, and a forward one-year P/E ratio of 35.33. Its EPS is US$11.65.

The 52-week highest and lowest stock prices were US$446.46 and US$280.38, respectively. Its trading volume was 417,203 on January 13.

The company's total revenue rose 17.85% YoY to US$1.55 billion in Q3, FY21. Its net earnings attributable to common shareholders came in at US$254.6 million, against an income of US$294.4 million in Q3, FY20.

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Bottom line:

The material sector is considered foundational to the global economy, as almost every sector requires basic materials to operate, directly or indirectly. In addition, the economic recovery also helped gains in the sector and it is expected to continue its momentum in the coming days.

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