In this article, we discuss the 5 infrastructure stocks to buy under $10. If you want to read our detailed analysis of these stocks, go directly to the 10 Infrastructure Stocks to Buy Under $10.
5. Companhia Siderúrgica Nacional (NYSE:SID)
Number of Hedge Fund Holders: 11
Share Price as of November 28: $4.00
Companhia Siderúrgica Nacional (NYSE:SID) is an integrated steel producer. The company has a market cap of $5.77 billion and posted $5.79 billion in revenue last year. In August, the firm declared a quarterly dividend of $0.23 per share.
Morgan Stanley analyst Carlos De Alba has an Equal Weight rating on Companhia Siderúrgica Nacional (NYSE:SID) stock with a price target of R$35. The analyst noted that steel prices in the United States may have reached “extreme levels”.
At the end of the third quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $46 million in Companhia Siderúrgica Nacional (NYSE:SID), down from 12 in the preceding quarter worth $71 million.
4. Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)
Number of Hedge Fund Holders: 11
Share Price as of November 28: $5.99
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) makes and sells cement and other construction materials. In earnings results for the third quarter, posted on November 11, the company reported a net profit of Ps 1,490 million.
On September 17, investment advisory UBS upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) stock to Buy from Neutral and raised the price target to $8.5 from $7.
Among the hedge funds being tracked by Insider Monkey, New Jersey-based investment firm Redwood Capital Management is a leading shareholder in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) with 5.8 million shares worth more than $48 million.
3. View, Inc. (NASDAQ:VIEW)
Number of Hedge Fund Holders: 12
Share Price as of November 28: $4.13
View, Inc. (NASDAQ:VIEW) markets smart building products. The company recently announced that it would be acquiring IoTium, an Internet-of-Things firm that markets cloud-based software solutions, including cybersecurity, to several Fortune 500 clients.
Goldman Sachs analyst Mark Delaney has a Neutral rating on View, Inc. (NASDAQ:VIEW) stock with a price target of $5. In a recent investor note, the analyst cited the favorable tax treatment the company would get as part of the infrastructure plan approved by lawmakers.
At the end of the third quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $13 million in View, Inc. (NASDAQ:VIEW), the same as in the preceding quarter worth $33 million.
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.
1. CEMEX, S.A.B. de C.V. (NYSE:CX)
Number of Hedge Fund Holders: 19
Share Price as of November 28: $5.85
CEMEX, S.A.B. de C.V. (NYSE:CX) makes and sells construction materials. The stock has returned over 24% to investors in the past year as the construction industry prepares for a massive influx of government spending on the rebuilding of roads, bridges, and highways.
Citi analyst Andres Cardona recently upgraded CEMEX, S.A.B. de C.V. (NYSE:CX) stock to Buy from Neutral with a price target of $9.3, highlighting that a pullback in share price of the firm was a buying opportunity for investors.
Among the hedge funds being tracked by Insider Monkey, California-based investment firm Oaktree Capital Management is a leading shareholder in CEMEX, S.A.B. de C.V. (NYSE:CX) with 24 million shares worth more than $175 million.
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