In this article, we discuss the 10 best dental stocks to buy now according to hedge funds. If you are in a hurry, you can skip and click to read it 5 best dental stocks to buy now.
Dental health is one of the most important indicators of general health and well-being. However, it is clear that the industry today is one of the most overlooked in the healthcare sector. According to the International Agency for Research on Cancer, cancer of the lips and oral cavity is one of the top 15 most common cancers worldwide, with nearly 180,000 deaths per year. The Global Burden of Disease Study 2017 estimates that oral diseases affect 3.5 billion people worldwide.
The numbers are not surprising. In the first place, most people are afraid to go to the dentist. In an article published by MoneyWeek, according to a survey, up to three-quarters of the population experience anxiety before going to the dentist’s chair. Despite the fear, dental care is something we cannot refuse. In a study by Statista, the global oral care market in 2019 was worth about $ 44.5 billion. According to a NASDAQ report, the industry has grown over the past six years at a compound annual growth rate (CAGR) of 1.4 percent.
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The COVID-19 pandemic has left its mark on the entire U.S. healthcare system, including the dental industry. Many dentists have started selling their clinics and suspending their practices. According to the American Dental Association, U.S. dental spending fell by 38 percent in 2020. In a poll conducted in August, 51.3% of their respondents were open but have a lower volume of patients than usual. However, U.S. statistics from the U.S. Bureau of Labor reported that the demand for dental services will increase as the population ages, and because research continues to link oral health to general health. This will lead to a total growth of 3 percent of the dentist for 2019 to 2029, about as fast as the average for all professions.
The Biden administration wants to expand the Affordable Care Act (ACA) to improve access to health care for those without insurance. In 2016, it was first introduced by President Obama. The policy reduced the number of Americans who did not have health insurance from 44 million to 27 million.
The American Dental Association (ADA) plans to work with the Biden administration to address problems with oral health care in the country. Mike Graham, the ADA’s senior vice president of government and public affairs, mentions,
“The ADA is the voice of thousands of dentists who care deeply about their patients and their profession,” Graham told DTI. “Dentists offer dual support to elected officials and candidates who have the same goal: to promote the oral health of Americans. We congratulate all those elected to office this month and look forward to working with incoming elected officials in Congress and the White House to help improve dentists, patients and the profession in Washington, DC and the oral health of our country, “
Our internal research shows that using the hedge fund sentiment data, we can identify a small group of stocks that outperform the S&P 500 index on average by double digits each year. The equities portfolio for our monthly newsletter has beaten the market by more than 78 percentage points since March 2017 (see details here). Some of the portfolio choices for our monthly newsletter were also shared by our audience. In October, we posted this idea for real estate and since then it has increased more than 50 percent.
Based on our hedge fund sentiment data, we offer you the 10 best dental stocks you can buy now among 800+ hedge funds tracked by Insider Monkey:
10. Procter & Gamble (NYSE: PG)
Number of HFs: 75
Total value of HF Holdings: $ 10.09 billion
We consider the diversified consumer goods business, PG, to be the 10th best dental stock to buy right now. Although it sells toothpaste, toothbrushes, vitamins for oral care and mouthwashes, the stock is not a pure dental stock. This is why we bought PG as the 10th stock that has just been bought. Otherwise we would not have included it on our list. PG was also named as one of the top 10 Dow stocks to buy right now and as one of the top 15 Blue Chip stocks to buy right now. P&G is considered one of the oldest companies in the world. It is a global consumer goods business that continues to innovate and develop new products despite being over 180 years old.
At present, P&G is regarded as the world’s largest consumer goods business. They have recorded 5 billion consumers in 180 countries around the world. The company is known for its 65 billion individual brands that are placed in ten product categories, such as material care, home care, baby care, female care, family care, grooming, oral care, personal health care, hair care, plus the skin and personal care. In Distillate Capital’s recent investment letter in the second quarter of 2020, they mention some comments in the stock.
“P&G is an example of a stock in which the free cash return improved over the course of the year on both estimates for the next twelve months and our standardized method.”
9. Aesthetic Medical International Holdings Group (NASDAQ: AIH)
Number of HFs: 1
Total value of HF Holdings: $ 181 Thousand
AAIH ranks 9th in our list of the best dental supplies to buy right now. IH offers aesthetic services, including surgery and non-surgical treatments. The company recently announced the termination of the agreement to acquire a 51% stake in Guangdong Hanfei Investment Management Co., Limited. The decision was largely influenced by the impact of the COVID-19 pandemic. Dr. Zhou Pengwu, the chairman and CEO of the company, said:
“We sincerely regret that the current market and economic situation caused by the COVID-19 pandemic does not provide the right stage for the acquisition of Hanfei, and we have determined that this is in the best interests of our shareholders. to stop the transaction by this time. However, our overall strategy remains steadfast and we will actively implement our procurement strategy. Furthermore, we will continue to explore attractive opportunities in strategic investments and acquisitions to address the growing demand for aesthetic medical services nationwide and generate greater value for shareholders. ”
8. Biolase, Inc. (NASDAQ: BIOL)
Number of HFs: 4
Total value of HF Holdings: $ 159 Thousand
BIOL ranks 8th in our list of the best dental supplies to buy now. The best hedge fund owner of this stock is Hal Mintz’s Sabby Capital, which invested $ 92 thousand in the stock at the end of September. BIOL is the world’s leading innovator in dental lasers. They recently announced an agreement with DSO Dental Care Alliance to expand laser adoption in dental offices across the United States. Todd Norbe, BIOLASE President and CEO, is confident that they will serve DCA properly,
“Our leading dental lasers enable us to serve a customer like DCA properly, and by reducing aerosols in dental offices we can improve the safety of its office staff and patients. The demand for EpicX and Epic Hygiene lasers is increasing, and this year alone we have sold more than 100 systems to DCA. We are excited to partner with DCA as they continue to expand our Epic lasers across their US offices. “
7. 3D Systems Corporation (NYSE: DDD)
Number of HFs: 15
Total value of HF Holdings: $ 33 million
DDD is 7de in our list of the best dental supplies to buy now. The best hedge fund holder of this stock is DE Shaw’s DE Shaw, which invested $ 11 million in the stock at the end of September. An insider bought 17,000 shares at about $ 5 in September 2020. The share has since fallen by 620%. The company supplies 3D printing and printers for plastics and metals. During the third quarter of 2020, the company reported a product business of $ 77.2 million. Here’s what we recently said about DDD:
“The company has been in the 3D business for over three decades. DDD shares have shown many ups and downs over the years. At one point, the stock traded at about $ 100. And not long ago. its share price fell to a low of about $ 5. While the stock has been trading mostly flat over the past year, it performed exceptionally well in 2021.
3D Systems’ share value soared more than 100 percent last Thursday after the company announced an impressive revenue outlook for the fourth quarter. Revenue is expected to be reported in the region of $ 170 million to $ 176 million for the quarter, well above the average analyst estimate of $ 140 million.
Furthermore, the company also reported last week that it had completed the sale of its software companies, including Cimatron and GibbsCAM, for a total return of approx. $ 64.2 million. CEO Jeffrey Graves said in a statement on the development: “These sales have strengthened our balance sheet, enabling us to pay off our debt and end the ATM program much earlier than originally planned.”
3D stocks continued their march this week, with the stock rising more than 17 percent on Monday and shooting up 36.21 percent on Thursday. Overall, the DDD share value has risen more than 200 percent so far this year as investors welcomed the promising income estimate. Many believe that the company will eventually be able to end its loss in the end and make a profit soon. ‘
6. Patterson Companies (NASDAQ: PDCO)
Number of HFs: 18
Total value of HF Holdings: $ 82 million
Patterson Companies is known for its veterinary and dental products. According to a NASDAQ report, on January 29, 2021, a cash dividend payment of $ 0.26 per share will be paid out. This will be the 16thde quarter that PDCO paid the same dividend. During the third quarter of 2020, the company reported consolidated net sales of approximately $ 1.46 billion. At the end of September, a total of 18 of the hedge funds tracked by Insider Monkey had long been this stock, a change of -18% in the second quarter of 2020.
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Disclosure: None. The 10 best dental stocks to buy right now were originally published by Insider Monkey.