5 Best Materials Stocks for 2021

In this article, we will be looking at the 5 best materials stocks for 2021. To see our detailed analysis of these stocks, you can go directly to see the 11 Best Materials Stocks for 2021.

5. Air Products and Chemicals, Inc. (NYSE: APD)

Number of Hedge Fund Holders: 32

Air Products and Chemicals, Inc. (NYSE: APD) is a company providing atmospheric gases, process and speciality gases, equipment, and services worldwide. The company ranks 5th on our list of the best materials stocks for 2021.

On June 11th, Susquehanna upgraded Air Products and Chemicals, Inc. (NYSE: APD) to Positive with a $350 price target. The company also revealed plans to build a net-zero hydrogen energy complex in Alberta this year. In the fiscal second quarter of 2021, Air Products and Chemicals, Inc. (NYSE: APD) had an EPS of $2.08, missing estimates by -$0.03. The company’s revenue was $2.5 billion, up 12.89% year over year, beating estimates by $149.99 million and it has a gross profit margin of 32.1%. The stock has gained 7.68% in the past 6 months and year to date.

By the end of the first quarter of 2021, 32 hedge funds held stakes in Air Products and Chemicals, Inc. (NYSE: APD) worth roughly $586 million. This is compared to 50 hedge funds in the previous quarter with a total stake value of roughly $1.28 billion.