5 Best Stocks to Invest In According to Clint Murray’s Lodge Hill Capital

3. Reliance Steel & Aluminum Co. (NYSE: RS)

Murray’s Stake Value: $17,223,000
Percentage of Clint Murray’s 13F Portfolio: 6.77%
Number of Hedge Fund Holders: 18

Reliance Steel & Aluminum Co. (NYSE: RS) is a leading metal solutions provider with many products. The company was founded in 1939 and stands third on the list of 10 stocks to invest in according to Clint Murray’s Lodge Hill Capital. The shares of Reliance Steel & Aluminum Co. (NYSE: RS) surged 50.77% in the past 12 months. 

On August 4, Reliance Steel & Aluminum Co. (NYSE: RS) agreed to buy Merfish United from One Equity Partners Open Water I Corp. (NASDAQ: OEPW) in a formal agreement. The transaction’s terms were not disclosed. On July 26, Citi upgraded the stock to “Buy” from “Hold” raising the price target to $200 from $160. 

The hedge fund chaired by Clint Murray holds 113,094 shares in Reliance Steel & Aluminum Co. (NYSE: RS) worth over $17 million. Lodge Hill Capital’s stake in Reliance Steel & Aluminum Co. (NYSE: RS) shares decreased by 64% in the first quarter of 2021. Royce & Associates is a leading shareholder in Reliance, with 379,002 shares worth more than $57 million.