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.
4. View, Inc. (NASDAQ: VIEW)
Market Cap: $1.706 billion
Number of Hedge Fund Holders: N/A
View, Inc. (NASDAQ: VIEW) is a California-based technology company that develops, manufactures, and sells smart building products used in the construction industry. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units and View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices. View, Inc. (NASDAQ: VIEW) is poised for high growth with a strong balance sheet, exciting product offerings, growing customer base, and accelerating market adoption. According to GlobeNewswire, View, Inc. announced that it was working with customers like Uber Technologies, Inc. (NYSE: UBER), Dallas Forth Worth International Airport, Tavistock Development Company, Oxford Property Group, Alphabet Inc. (NASDAQ: GOOG) and Nuveen. The full year revenue of 2020 was $32.3 million compared to $24.3 million in 2019 which is a year-over-year increase of 32.8%. The company is on a growth track according to its latest projections making it a top pick for construction stocks under $10. On January 13, 2021, View announced that its smart windows will be installed in Dallas Fort Worth International Airport’s new expansion of Terminal D.
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.
2. Companhia Siderúrgica Nacional (NYSE: SID)
Market Cap: $12.804 billion
Number of Hedge Fund Holders: N/A
Companhia Siderúrgica Nacional (NYSE: SID) is based in Sao Paulo, Brazil and operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Logistics, Energy, and Cement which make it an essential construction stock under $10. The company primarily produces and sells cement to construction material stores, home centers, concrete producers, and construction companies. Companhia Siderúrgica Nacional (NYSE: SID) reported a revenue of $2.23 billion in the first quarter of 2021 which is a year-on-year increase of 143.61%.
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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