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What smart money is saying about Heidelberg Materials AGGermany flag

HDLMY · Basic Materials · Construction Materials · Market cap $23.73B

3 funds in our archive have pitched Heidelberg Materials AG — most recently Artisan Global Value Strategy in December 2025.

Company profile

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components. The company offers asphalt; and trades in cement, clinker, secondary cementitious materials, solid, alternative fuels, other building materials, and additives. The company was formerly known as HeidelbergCement AG and changed its name to Heidelberg Materials AG in May 2023. Heidelberg Materials AG was founded in 1873 and is headquartered in Heidelberg, Germany.

Fund coverage · 3 theses

  • Artisan Global Value Strategy
    December 2025

    Heidelberg Materials is a global cement producer with pricing power, European recovery potential, and margin upside from ETS-driven price increases given its lower CO2 intensity.

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  • Clearbridge International Growth ADR Strategy
    December 2025

    Heidelberg Materials is a German building materials supplier with potential margin upside from better utilization and decarbonization advantages amid a stimulus-driven recovery.

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  • Tamim Fund Global High Conviction
    March 2025

    Heidelberg Materials AG is a leading global building materials company poised to benefit from increased infrastructure spending and innovative low-carbon initiatives, offering compelling value at a P/E ratio of 13.2 while delivering sustainable financial performance and strong shareholder returns.

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