Today we are going to see what Insider Monkey has tracked for us about the 5 best manufacturing stocks to buy now. iRobot Corporation ranks fifth on the compilation with having 22 hedge funds. The company is involved in producing robots that are used in households and for commercial purposes. They manufacture cleaning and healthcare robots, as well as robots for machine learning and AI research. This market has started to rocket in the last decades and it is projected to reach $176 billion by 2025 amid an increasing demand on the back of automation. The company’s shares have boosted 155% in the past 12 months. The largest stakeholder is Arrowstreet Capital with owning 522,623 shares of IRBT, at a value of $41.9 million. iRobot is followed by Simpson Manufacturing Co. Inc. on the fourth spot with having 25 hedge fund holders. Simpson Manufacturing is headquartered in California and is involved in producing building materials, such as anchors, structural connectors and related retrofitting products. The company’s stock has increased around 22% for the past twelve months. As of the fourth quarter of 2020, Simpson Manufacturing reported a GAAP EPS of $0.68, which was more than the Street predicted by $0.03. Its revenue also grew 12% and reached $293.9 million. As for the company’s expectations for 2021, their margin will hopefully be between 16.5% to 18.5%. The largest stakeholder in the company is John Roger’s Ariel Investments with owning 624,907 shares of the company at the end of the fourth quarter of 2020. Trex Company, Inc. stands on the second spot with having 30 hedge fund holdings. The company is headquartered in Virginia and is engaged in producing wood-alternative fencing, trim, railing, decking, steel deck framing and outdoor lighting products. For the past twelve months the company’s stock rocketed 84%. During the fourth quarter of 2020, the firm had $0.37 earnings per share, beating the estimated amount by $0.01. In the same period the revenue boosted 38%. During the first three months of 2021, Trex could reach a revenue of $235 million to $245 million. At the end of December 2020, Broad Bay Capital held $107.2 million worth of TREX shares. Montanaro Asset Management had $43.3 million while Waratah Capital Investors held $20.3 million worth of TREX shares. If you are eager to know more about the best manufacturing stocks to buy now, please click and jump to the entire original article.