5 Infrastructure Stocks to Buy Under $10

2. Gerdau S.A. (NYSE:GGB)

Number of Hedge Fund Holders: 13

Share Price as of November 28: $4.55

Gerdau S.A. (NYSE:GGB) makes and sells steel products. The company recently posted earnings for the third quarter, reporting a revenue of R$21 billion, up more than 74% compared to the revenue over the same period last year. 

Citi analyst Alexander Hacking recently upgraded Gerdau S.A. (NYSE:GGB) stock to Buy from Neutral and raised the price target to R$33, up from R$31, noting that the stocks in the steel market in Brazil looked “historically cheap” and might be poised for corrections. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based firm Contrarian Capital is a leading shareholder in Gerdau S.A. (NYSE:GGB) with 23 million shares worth more than $113 million.