5 Best Material Stocks To Buy Now

2. DuPont de Nemours, Inc. (NYSE:DD)

Number of Hedge Fund Holders: 57

DuPont de Nemours, Inc. (NYSE:DD) sells construction and packaging materials. The company also manufactures medical devices, fabric, resins, and solar materials. The company recently reported Q3 2021 earnings where revenue increased by 18% year over year to $4.3 billion. 

DuPont de Nemours, Inc. (NYSE:DD) is also a good investment option for income investors as the material stock pays an annual dividend of $1.20 per share.

Of the 873 elite funds tracked by Insider Monkey, 57 were long DuPont de Nemours, Inc. (NYSE:DD) at the end of June, up from 49 in the first quarter of 2021.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm 40 North Management is a leading shareholder in DuPont de Nemours, Inc. (NYSE:DD) with over 4.87 million shares worth $331 million at the end of the third quarter of 2021. 

On November 3, Deutsche Bank analyst David Begleiter kept a Buy rating on the material stock. Begleiter also increased his price target for DuPont de Nemours, Inc. (NYSE:DD) to $95 from $92.

In its Q1 2021 investor letter, Longleaf Partners Fund mentioned DuPont de Nemours, Inc. (NYSE:DD) and shared their insights on the company. Here is what the fund said:

“We exited three businesses in the quarter (including) DuPont. We have owned DuPont successfully three times now in the last decade and have great respect for CEO Ed Breen, who has delivered on creating value and focusing the company on its core businesses. We continue to view the business and leadership highly and hope to have the opportunity to partner with them again.”