5 Best Materials Stocks to Buy After Fed’s Latest Rate Hike

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1. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 52

CF Industries Holdings, Inc. (NYSE:CF) is a manufacturer and seller of hydrogen and nitrogen products. The company is based in Deerfield, Illinois.

Joshua Spector, an analyst at UBS, holds a Buy rating on CF Industries Holdings, Inc. (NYSE:CF) shares as of August 25. The analyst also raised his price target on the stock from $108 to $128.

CF Industries Holdings, Inc. (NYSE:CF) has a year-over-year revenue growth rate of 121.57%. Over the next three to five years, the company’s EPS is expected to rise by 6%. CF Industries Holdings, Inc. (NYSE:CF) also has a one-year dividend growth rate of 8.33%, with a dividend yield of 1.69%.

Our hedge fund data shows 52 hedge funds long CF Industries Holdings, Inc. (NYSE:CF) in the second quarter. Their total stake value was $1.3 billion.

Carillon Tower Advisers, an investment management firm, mentioned CF Industries Holdings, Inc. (NYSE:CF) in its first quarter 2022 investor letter. Here’s what it said:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. CF Industries (NYSE:CF) manufactures and distributes nitrogen fertilizer. The stock rose as Russia’s invasion of Ukraine accelerated already rising fertilizer prices.”

See also 10 Best Stocks Under $10 to Buy Right Now and 30 Most Dangerous Cities in the US.

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