5 Best Gun Stocks To Buy in 2023

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1. Olin Corporation (NYSE:OLN)

Number of Hedge Fund Holders: 41

Olin Corporation (NYSE:OLN) topped the list of the best gun stocks to buy in 2023 according to hedge funds. Headquartered in Clayton, Missouri and incorporated in 1892, Olin Corporation (NYSE:OLN) is one of the biggest US gun manufacturers. Olin Corporation (NYSE:OLN) posted a Q2 net income of $1.13 per diluted share and sales of $1.7 billion. The company’s President and Chief Executive Officer Scott Sutton will also step down from his roles in the first half of next year. Its shares are currently trading $46 per share on the New York Stock Exchange.

As of June 2023, 41 hedge funds among the 910 profiled by Insider Monkey had bought Olin Corporation (NYSE:OLN) shares. The largest hedge fund investor was Donald Yacktman’s Yacktman Asset Management since it owned 4.3 million stakes of Olin Corporation (NYSE:OLN) that are valued at $221.8 million.

Disclosure: None. You can also take a look at 12 Best Stocks to Buy and Hold According to Bill Gates’ Portfolio and 11 Best Quantum Computing Stocks To Buy Now.

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