5 Construction Stocks Under $10

3. Gerdau S.A. (NYSE: GGB)

Market Cap: 9.619 billion
Number of Hedge Fund Holders: 15

Gerdau S.A. (NYSE: GGB) is a Brazilian company that provides steel products and services. It operates through four segments: Brazil Business, North America Business, South America Business, and Special Steel Business. The company offers semi-finished products, including billets, blooms, and slabs for the construction and manufacturing industries and has landed a top spot in the 10 construction stocks under $10 list. Gerdau’s shares have increased 7.75% over the past quarter and have gained 153.7% in the last year. The actual reported revenue of the company at the end of 2020 is $2.52 billion which is a 15.8% increase from the previous year and the earnings per share were $0.11.

At the end of the fourth quarter of 2020, 15 hedge funds in the database of Insider Monkey held stakes worth $196 million in the firm, compared to 11 in the preceding quarter worth $134 million. Contrarian Capital holds more than 20.4 million shares with a total value of $94.5 million.