5 Best Gun Stocks to Buy In 2022

1. Olin Corporation (NYSE:OLN)

Number of Hedge Fund Holders: 43

Olin Corporation (NYSE:OLN) owns one of the most iconic gun brands, the Winchester Repeating Arms Company, which was set up in 1866 during the time of the American civil war and was acquired by Olin Corporation (NYSE:OLN) in 1931. The company is headquartered in Clayton Missouri.

Olin Corporation (NYSE:OLN)’s second quarter operating income stood close to $710 million as it marked a strong annual growth. In its latest earnings call, management outlined that even during a recessionary scenario, the firm is capable of generating $7 for levered free cash flow per share, and at the same time announced a $2 billion share buyback program.

Olin Corporation (NYSE:OLN) also pays a 20 cent dividend for a 1.69% yield. 43 out of the 895 hedge funds polled by Insider Monkey for their holdings during this year’s second quarter had held a stake in the firearms firm.

Olin Corporation (NYSE:OLN)’s largest investor is Scott Ferguson’s Sachem Head Capital which owns 9.4 million shares that are worth $437 million.

Disclosure: None. You can also take a look at 10 Biggest Industries In the US and 10 Best EV Battery Stocks to Buy in Late 2022.

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