In this article we discuss the 5 construction stocks under $10. If you want to read our detailed analysis of the construction industry, go directly to the 10 Construction Stocks Under $10.
5. Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA)
Market Cap: $1.182 billion
Number of Hedge Fund Holders: 10
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) manufactures and sells cement and its derivatives in Argentina. It offers masonry cement, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction. The company was founded in 1926 and is based in Buenos Aires. According to Yahoo Finance, the net revenue for the company in 2020 was $160 million which was an increase of 20.6% year-on-year. LOMA also saw a strong increase in their consolidated adjusted EBITDA of approximately 40.8% to $58 million and the Consolidated Adjusted EBITDA margin expanded by 513 basis points. With a market cap of $1.182 billion, Loma Negra is a top pick for Insider Monkey’s list of 10 construction stocks under $10.
At the end of the fourth quarter of 2020, 10 hedge funds in the database of Insider Monkey held stakes worth $50.9 million in the firm, higher than 9 hedge funds in the previous quarter worth $37 million.