Highest Forward Earnings Yield in the Construction Materials Industry Detected in Shares of Headwaters (HW, EXP, JHX, MLM, VMC)
Below are the three companies in the Construction Materials industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Headwaters ranks highest with a forward earnings yield of 5.6%. Eagle Materials is next with a forward earnings yield of 4.6%. James Hardie Industries ranks third highest with a forward earnings yield of 3.4%.
Martin Marietta Materials follows with a forward earnings yield of 2.8%, and Vulcan Materials rounds out the top five with a forward earnings yield of 1.9%.
SmarTrend recommended that its subscribers protect gains by selling shares of Martin Marietta Materials on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $188.92. Since that call, shares of Martin Marietta Materials have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest forward earnings yield headwaters eagle materials james hardie industries Martin Marietta Materials Vulcan Materials