Here’s Why Olin Corp. (OLN) Traded Lower in Q4

Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Large Cap Fundamental Value Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The Hotchkis & Wiley Large Cap Fundamental Value Fund returned – 0.91% in the fourth quarter, outperforming the Russell 1000 Value Index’s -1.98% return. However, for the full year, the portfolio underperformed the index returning 12.81% vs. 14.37% for the index. For more information on the fund’s best picks in 2024, please check its top five holdings.

In its fourth quarter 2024 investor letter, Hotchkis & Wiley Large Cap Fundamental Value Fund emphasized stocks such as Olin Corporation (NYSE:OLN). Headquartered in Clayton, Missouri, Olin Corporation (NYSE:OLN) is a chemical products manufacturer. The one-month return of Olin Corporation (NYSE:OLN) was 2.93%, and its shares lost 58.82% of their value over the last 52 weeks. On March 28, 2025, Olin Corporation (NYSE:OLN) stock closed at $24.57 per share with a market capitalization of $2.828 billion.

Hotchkis & Wiley Large Cap Fundamental Value Fund stated the following regarding Olin Corporation (NYSE:OLN) in its Q4 2024 investor letter:

“Olin Corporation (NYSE:OLN) is one of the largest producers of chlor alkali chemicals and chlorine derivatives. The stock price fell during the quarter after posting weak Q3 results due to the significant impact from Hurricane Beryl and weaker-than-expected Q4 guidance. Despite trough operating conditions, longer-term dynamics in the business appear promising. Olin’s balance sheet is strong, and capital allocation has been shareholder friendly. The company continues to provide diversification benefits to our existing commodity exposure.”

Is Olin Corporation (OLN) the Best Gun Stock to Buy in 2025?

A factory worker in heavy protective clothing, overseeing the production of chlorine.

Olin Corporation (NYSE:OLN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Olin Corporation (NYSE:OLN) at the end of the fourth quarter compared to 33 in the third quarter. While we acknowledge the potential of Olin Corporation (NYSE:OLN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

We covered Olin Corporation (NYSE:OLN) in another article, where we shared the list of best gun stocks to buy in 2025. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.