In this article, we will be looking at 5 Russell 2000 Basic Materials Dividend Stocks to Buy. To read our detailed analysis of the basic materials sector, you can go directly to see the 10 Russell 2000 Basic Materials Dividend Stocks To Buy.
5. Tredegar Corporation (NYSE: TG)
Number of Hedge Fund Holders: 9
Dividend Yield: 3.4%
Tredegar Corporation (NYSE: TG) is a manufacturer of aluminum extrusions, PE Films, and polyester films in the US and across the globe. The company ranks 5th on our list of Russell 2000 basic materials dividend stocks and operates through its Aluminum Extrusions, PE Films, and Flexible Packaging Films segments.
In the second quarter of 2021, Tredegar Corporation (NYSE: TG) had an EPS of $0.48. The company’s revenue of $ 204.09 million beat the previous quarter’s revenue of $185.13 million.
By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in Tredegar Corporation (NYSE: TG) worth roughly $52.5 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $63 million.
4. Neenah, Inc. (NYSE: NP)
Number of Hedge Fund Holders: 12
Dividend Yield: 3.8%
Neenah, Inc. (NYSE: NP) is a specialty materials company working to produce performance-based technical products and fine paper alongside packaging products for sale across the globe. The company ranks 4th on our list of Russell 2000 basic materials dividend stocks.
Christopher McGinnis, an analyst at Sidoti, upgraded shares of Neenah, Inc. (NYSE: NP) this July from Neutral to Buy. The analyst also holds a $64 price target on the company’s shares.
In the second quarter of 2021, Neenah, Inc. (NYSE: NP) had an EPS of $0.65, beating estimates by $0.02. The company’s revenue of $269.30 million was up 66.85% year over year and beat estimates by $. Neenah, Inc. (NYSE: NP) has gained 1.15% in the past year.
By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Neenah, Inc. (NYSE: NP) worth roughly $22.4 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $10.9 million.
3. Compass Minerals International, Inc. (NYSE: CMP)
Number of Hedge Fund Holders: 8
Dividend Yield: 4.3%
Compass Minerals International, Inc. (NYSE: CMP) produces essential minerals for sale primarily in the US, Canada, Brazil, the UK, and across the globe. The company ranks 3rd on our list of Russell 2000 basic materials dividend stocks and operates through its Salt, Plat Nutrition North America, and Plant Nutrition South America segments.
This July, CL King analyst David Silver upgraded shares of Compass Minerals International, Inc. (NYSE: CMP) from Neutral to Buy, holding on to his $75 price target on the stock at the same time.
In the second quarter of 2021, Compass Minerals International, Inc. (NYSE: CMP) had an EPS of -$0.49, missing estimates by $0.42. The company’s revenue of $199.4 million beat estimates by $8.17 million. Compass Minerals International, Inc. (NYSE: CMP) has gained 1.53% in the past 6 months and 10.59% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Compass Minerals International, Inc. (NYSE: CMP) worth roughly $10.6 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $51.7 million.
Bernzott Capital Advisors, an investment management firm, mentioned Compass Minerals International, Inc. (NYSE: CMP) in its fourth-quarter 2020 investor letter. Here’s what they said:
“Compass Minerals International (CMP): The stock gained 5%, normally not a bad outcome, but that stacks up poorly against many Materials stocks such as steel producers, which rebounded strongly after a couple of years of poor performance.”
2. Schweitzer-Mauduit International, Inc. (NYSE: SWM)
Number of Hedge Fund Holders: 7
Dividend Yield: 4.5%
Schweitzer-Mauduit International, Inc. (NYSE: SWM) is a provider of engineered solutions and advanced materials for a range of industries across the globe. The company operates through its Advanced Materials & Structures and Engineered Papers segments and ranks 2nd on our list of Russell 2000 basic materials dividend stocks.
This April, Schweitzer-Mauduit International, Inc. (NYSE: SWM) successfully completed its acquisition of Scapa Group, allowing the company to now have a presence in about 12 countries on four continents.
In the second quarter of 2021, Schweitzer-Mauduit International, Inc. (NYSE: SWM) had an EPS of $0.90, beating estimates by $0.11. The company’s revenue of $377.80 million was up 48.62% year over year and beat estimates by $76.6 million. Schweitzer-Mauduit International, Inc. (NYSE: SWM) has gained 12.62% in the past year.
By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Schweitzer-Mauduit International, Inc. (NYSE: SWM) worth roughly $11 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $15.7 million.
1. Kronos Worldwide, Inc. (NYSE: KRO)
Number of Hedge Fund Holders: 9
Dividend Yield: 5.4%
Kronos Worldwide, Inc. (KRO) is a producer and marketer of titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and across the globe. The company ranks 1st on our list of Russell 2000 basic materials dividend stocks and products TiO2 in two crystalline forms, rutile and anatase, for use in products like paints, plastics, fibers, and a range of other materials.
In the second quarter of 2021, Kronos Worldwide, Inc. (KRO) had an EPS of $0.22, beating the previous quarter’s EPS of $0.17. The company’s revenue of $478.6 million was up 23.99% year over year and beat the previous quarter’s revenue as well, which had been $465 million. Kronos Worldwide, Inc. (KRO) has gained 0.61% in the past year.
By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in Kronos Worldwide, Inc. (KRO) worth roughly $31.3 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $29.6 million.
You can also take a look at Top 15 Building Materials Companies in USA and 10 Best EV Materials Stocks to Buy.
