5 Best Manufacturing Stocks To Invest In

In this article, we will look at the 5 best manufacturing stocks to invest in. If you want to explore similar stocks, you can go to 11 Best Manufacturing Stocks To Invest In.

5. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 39

Albemarle Corporation (NYSE:ALB) is a leading global manufacturer of engineered specialty chemicals. The company is one of the biggest producers of lithium in the world and is one of the best manufacturing stocks to buy now. As of October 7, the stock has surged 15.15% year to date.

Wall Street sees material upside to Albemarle Corporation (NYSE:ALB). On October 3, BofA analyst Matthew DeYoe raised his price target on Albemarle Corporation (NYSE:ALB) to $332 from $262 and reiterated a Neutral rating on the shares. On October 4, Deutsche Bank analyst Corinne Blanchard raised his price target on Albemarle Corporation (NYSE:ALB) to $305 from $270 and maintained a Buy rating on the shares.

At the end of Q2 2022, 39 hedge funds were eager on Albemarle Corporation (NYSE:ALB) and held stakes worth $600 million in the company. This is compared to 44 positions in the previous quarter with stakes worth $454.4 million. As of June 30, Marshall Wace LLP is the most prominent shareholder in Albemarle Corporation (NYSE:ALB) and has stakes worth $154.5 million in the company.