When it comes to constructing a building, the materials that are used can be just as necessary as the building itself. After all, these materials directly impact how long the building stands, how much maintenance it requires, and how much it costs to build in the first place. Therefore, investors interested in this market segment should focus on companies that provide top-quality building products. In addition, these businesses operate at the forefront of innovation and technology within this space, making them well-positioned to succeed moving forward. This article will explore some of the top stocks to buy if you’re interested in investing in top building product manufacturers. Read on for more information about these companies and their current potential as investment opportunities.
Carrier Global (CARR)
Carrier Global manufactures heating, ventilation, and air conditioning systems. The company also produces energy-efficient building products, including rooftop HVAC systems and water chillers. Carrier has been in business since 1902 and is headquartered in Farmington, Connecticut. The company has a market capitalization of $19.1 billion and a stock price of $45.28 as of May 29, 2019. Carrier’s business is split among three segments: Buildings, which includes commercial, residential, and industrial sectors; Commercial Solutions, which sells appliances, building controls, and security systems; and International, which sells HVAC equipment and related products in the Middle East and Latin America.
Owens Corning (OC)
Owens Corning is a manufacturer of insulation. In July 2013, the company split its building materials business into a stand-alone entity called the Insulation & Roofing Group (IRG). Owens Corning is headquartered in Toledo, Ohio, and has a market capitalization of $9.9 billion. The company’s stock price is $38.07 as of May 29, 2019.IRG’s business is split into two segments: Engineered Solutions, which sells products to the commercial, construction, and industrial sectors, and Roofing Solutions, which sells residential and commercial roofing systems, including shingles, specialty coatings, and insulation.
AAON, Inc. (AAON)
AAON is a manufacturer of HVAC systems, rooftop units, and other building systems. The company operates in the commercial and residential sectors and has a market capitalization of $7.9 billion. AAON’s stock is trading at $15.43 as of May 29, 2019.AAON’s business is split up into three segments: Residential HVAC, which sells systems and controls to this market; Commercial HVAC, which sells systems and controls to the commercial and industrial sectors; and Rooftop, which sells rooftop units and rules to the commercial and residential sectors.
Johnson Controls International (JCI)
Johnson Controls International is an HVAC systems company that provides building control systems, energy-efficient solutions, and electrical equipment. The company is headquartered in Ireland and has a market capitalization of $18.4 billion. JCI’s stock is trading at $36.88 as of May 29, 2019. Johnson Controls’ business is split into three segments: Building Efficiency, which includes controls for HVAC systems and building operations; Electrical Solutions, which sells electrical equipment, including renewable energy solutions; and Industrial Solutions, which provides methods for industrial processes.
Investors should keep an eye on the building products industry and look for companies that provide top-quality products to customers in both commercial and residential sectors. You should also find out which areas of the market each company focus on and whether this part of their business is growing or shrinking. Additionally, when researching these companies, check their financial statements to see how their business is doing compared to their competitors. Once you find companies you want to invest in, it’s essential to keep a close eye on their progress and ensure that they’re continuing to perform well. This industry is highly cyclical and subject to economic fluctuations, so it’s essential to stay up-to-date on the latest news to see how these companies are being affected.