10 Hot Mid-Cap Stocks To Watch

5 min read | June 09, 2021 04:41 PM PDT | By Team Kalkine Media

Summary

  • Treehouse bought a controlling stake in the Missouri-based pasta brand Riviana Foods, Inc.
  • Footwear company Crocs’ Q1 revenues were up 63.6% YoY to US$460.1 million.
  • In Q3, Stitch Fix logged revenues of around US$535.6 million, up 44% YoY. It had around 4 million active customers during the period.

Although stock market investments are fraught with risks, mid-cap stocks are often considered for their financial stability and growth. These companies typically focus on a specific business and are well-known among investors.

Let’s explore here some mid-cap stocks in the market.                     

Treehouse Foods (NYSE:THS)

Treehouse is a food and beverage manufacturer based in Illinois. It has 40 production facilities across North America and Italy. Its market cap is around US$2.7 billion.

In Q1 of 2021, its net sales were around US$1,057.3 million, and net income was about US$0.4 million. Its meal segment saw sales of about US$4.9 million.

Treehouse bought a controlling stake in the Missouri-based pasta brand Riviana Foods, Inc. The transaction was completed in December 2020.

Radian Group (NYSE:RDN)

It offers insurance-related products and services. Radian also has a presence in the real estate and asset management sectors.

Radian Board increased the quarterly dividend from US$0.125 to US$0.14 per share on May 4, 2021.

It earned revenues of around US$25.8 million from the real estate sector and US$264.7 million from insurance premiums in Q1 of 2021. It also paid insurance claims of around US$10.5 million.

Radian has a market capitalization of US$4.417 billion.

Also Read: Bausch Health & NRG Energy: Two Value Stocks To Explore

Source: Pixabay.

Crocs (NASDAQ:CROX)

Crocs is a footwear company. Its Q1 revenues were around US$460.1 million, up 63.6% YoY. Crocs’ total liquidity was US$255.9 million as of March 31, 2021. It earned US$124.7 million from operations against US$20.8 million in the corresponding period last year.

Its market cap is approximately US$6.793 billion.


Aecom (NYSE:ACM)

It is an engineering company involved in the infrastructure, water, transportation, and energy sectors. Aecom’s Q2 revenue was US$796 million. It has a market cap of around US$9.443 billion.

Aecom had liquidity reserves of US$935 million as of March 31, 2021. In addition, Aecom's operating income increased by 28% over the previous year to around US$46 million.

The stock rose around 27% in the last six months.

Also Read: E-commerce Stocks To Watch This Year


Stitch Fix (NASDAQ:SFIX)

The company provides personal styling services online. It uses data science and human judgment for various services. Stitch Fix’s market cap is around US$6.9 billion. Its shop by category section has been drawing a significant number of customers. The segment has a variety of popular brands.

In Q3, Stitch Fix logged revenues of around US$535.6 million, up 44% YoY. It had around 4 million active customers during the period.

The stock rose around 30% in the last six months.

Plug Power (NASDAQ:PLUG)

The company makes hydrogen fuel cell. Plug Power expects to report over US$70 million in gross billings in Q1, an increase of more than 60% YoY. In addition, it collaborated with BAE Systems to supply heavy-duty equipment to bus manufacturers in North America.

The stock price increased by around 16% in the last six months.

Plug Power’s market capitalization is around US$18.93 billion.

Cabot Corporation (NYSE:CBT)

It supplies carbon products to various industries. Cabot’s market cap is around US$3.6 billion. The stock jumped over 52% in the last six months.

In Q2 of 2021, it had liquidity of around US$146 million. Capital expenditures during the period were around US$40 million. As a result, Cabot recorded a tax provision of US$34 million at a rate of 29%.

Source: Pixabay.

Also Read: Why These Small-Cap Stocks Are On Investors’ Radar?

LendingTree (NASDAQ:TREE)

LendingTree provides various types of loans such as student loans, small business, auto and home and personal mortgages. It posted consolidated revenue of around US$272.8 million in Q1.

Revenue from its home segment grew by 62% YoY to US$128.1 million. In addition, LendingTree produced a segment profit of US$39.0 million, and it was up by 9% over the same period.

The consumer segment revenue increased by US$57.9 million and improved by 21%. The insurance segment revenue was approximately US$86.6 million, and it grew by 5%.

Kratos Defense & Security Solutions (NASDAQ:KTOS)-

The company develops security technology systems for various US government agencies and private customers. In Q1 of 2021, Kratos reported revenues of around US$194.2 million, net income of US$1.9 million, and operating income of US$4.9 million.

Its market cap is around US$3.315 billion. The stock was up 13% in the last six months. In addition, on June 3, 2021, it announced the appointment of the new board of director Deanna Lund.

Also Read: Nikola, Workhorse, & Fisker: 3 Hot Auto Stocks To explore

Timken Company (NYSE:TKR)

It designs bearings and power transmission products. In Q1 of 2021, the sales were approximately US$1.03 billion, up 11% YoY. Timken supplies its products to different industries, including rail, automotive, energy, agriculture, and mining.

It has a market cap of around US$3.315 billion. The stock price increased by around 16% in the last six months. The EBITDA for the quarter was approximately US$79.6 million.


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