In this article we discuss the 5 best manufacturing stocks to buy now. If you want to read our detailed analysis of the manufacturing industry and its outlook, go to 15 Best Manufacturing Stocks To Buy Now.
5 . iRobot Corporation (NASDAQ: IRBT)
No. of Hedge Fund Holders: 22
iRobot Corporation manufactures robots used for home and commercial purposes. The company’s robots are used for cleaning & healthcare purposes, AI research and machine learning. The company is operating in one of the most futuristic markets, as the robotics industry is expected to reach $176 billion by 2025 amid an increasing demand on the back of automation. iRobot shares have gained 155% over the last 12 months. It ranks 5th on the list of 10 best manufacturing stocks to buy now.
Arrowstreet Capital owns 522,623 shares of IRBT, worth $41.9 million.