5 Construction Stocks Under $10

1. CEMEX, S.A.B. de C.V. (NYSE: CX)

Market Cap: $12.461 billion
Number of Hedge Fund Holders: 22

A Mexico-based company that has made the list of the top 10 construction stocks under $10 is CEMEX, S.A.B. de C.V. (NYSE: CX). The company was founded in 1906 and it produces, markets, distributes and sells construction materials like cement, ready-mix concrete, clinker, aggregates, and other construction materials worldwide. The company also offers various complementary construction products such as asphalt products, concrete blocks, roof tiles, and architectural products. CEMEX, S.A.B. de C.V. (NYSE: CX) is launching its first net-zero carbon concrete that will soon be available in its major markets around the world. After its successful launch in Europe, this net-zero carbon concrete is set to take the construction industry by storm as companies are looking towards greener buildings. CEMEX reported a net income of $665 million in the first quarter of 2021 compared to only $42 million in the same quarter of 2020. As stated by the company’s quarterly earnings report, the Operating EBITDA margin increased by 2.8% from 17.3% in the first quarter of 2020 to 20.1% this quarter while the EPS was $0.38. With its strong financial performance, CEMEX is indeed a stock under $10 that has great momentum and should not be overlooked.

Out of the hedge funds being tracked by Insider Monkey, Oaktree Capital Management Oaktree Capital Management is a leading shareholder in the firm with 24.4 million shares worth more than $126 million.

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