WallStreetZenWallStreetZen

Sectors & IndustriesBasic MaterialsBuilding Products & Equipment
Best Building Product & Equipment Stocks to Buy Now (2023)
Top building product & equipment stocks in 2023 ranked by overall Zen Score. See the best building product & equipment stocks to buy now, according to analyst forecasts for the building products & equipment industry.

Industry: Building Products & Equip...
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CSL
CARLISLE COMPANIES INC
$11.52B$225.93$309.1736.84%Buy612.91%34.97%38.78%16.67%
BECN
BEACON ROOFING SUPPLY INC
$4.29B$67.23$80.2519.37%Buy40.17%14.64%N/AN/A
AWI
ARMSTRONG WORLD INDUSTRIES INC
$2.92B$64.70$83.3828.86%Buy87.66%30.29%50.44%16.28%
ROCK
GIBRALTAR INDUSTRIES INC
$1.73B$56.77N/AN/AN/AN/A2.93%26.29%19.91%13.76%
IBP
INSTALLED BUILDING PRODUCTS INC
$3.23B$113.80$126.7511.38%Buy4N/AN/A46.16%13.10%
APOG
APOGEE ENTERPRISES INC
$889.27M$39.93$46.0015.20%Hold10.46%-7.01%22.98%9.95%
PATK
PATRICK INDUSTRIES INC
$1.62B$72.66$82.5013.54%Strong Buy2N/AN/A25.94%8.93%
DOOR
MASONITE INTERNATIONAL CORP
$2.10B$94.76$109.1715.20%Strong Buy63.01%47.18%39.85%11.88%
NX
QUANEX BUILDING PRODUCTS CORP
$864.87M$26.02$28.007.61%Strong Buy1N/AN/A17.26%9.93%
OC
OWENS CORNING
$10.23B$113.52$110.67-2.51%Buy122.73%-17.32%26.31%11.63%
LPX
LOUISIANA-PACIFIC CORP
$4.38B$60.85$66.258.87%Buy4-1.43%-30.99%38.75%24.88%
WMS
ADVANCED DRAINAGE SYSTEMS INC
$8.24B$104.38$117.0012.09%Strong Buy77.85%11.95%73.97%21.01%
SSD
SIMPSON MANUFACTURING CO INC
$5.40B$126.60$137.508.61%Buy2N/AN/A19.28%11.22%
GMS
GMS INC
$2.73B$66.18$63.60-3.90%Buy5-1.80%-0.25%26.01%9.90%
BLDR
BUILDERS FIRSTSOURCE INC
$15.25B$118.97$104.17-12.44%Buy12-7.36%-39.14%33.22%14.77%
BXC
BLUELINX HOLDINGS INC
$801.83M$88.22$105.0019.02%Strong Buy1N/AN/A22.41%8.97%
MAS
MASCO CORP
$11.59B$51.47$57.3811.47%Buy86.54%18.12%N/AN/A
TGLS
TECNOGLASS INC
$1.94B$40.75$45.6712.07%Strong Buy3-0.37%-2.69%N/AN/A
AAON
AAON INC
$4.97B$91.58$100.009.19%Strong Buy1N/AN/A22.70%15.94%
PGTI
PGT INNOVATIONS INC
$1.56B$26.56$28.256.36%Buy20.69%8.15%14.16%5.53%
TREX
TREX CO INC
$6.08B$55.89$61.9110.77%Buy1113.57%44.21%40.79%20.16%
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
$83.19M$10.39N/AN/AN/AN/AN/AN/AN/AN/A
JBI
JANUS INTERNATIONAL GROUP INC
$1.33B$9.07$13.5048.84%Buy2-4.75%2.56%31.63%10.28%
APT
ALPHA PRO TECH LTD
$44.97M$3.69N/AN/AN/AN/AN/AN/AN/AN/A
AZEK
AZEK CO INC
$3.88B$25.72$30.3117.84%Strong Buy136.01%922.22%N/AN/A
CARR
CARRIER GLOBAL CORP
$36.27B$43.44$49.0012.80%Buy132.01%-15.89%28.02%8.63%
VIEW
VIEW INC
$41.65M$0.17N/AN/AN/AN/A92.87%N/A-29.26%-9.83%
ASPN
ASPEN AEROGELS INC
$507.60M$7.24$20.50183.15%Strong Buy447.94%N/AN/AN/A
ILAG
INTELLIGENT LIVING APPLICATION GROUP INC
$21.13M$1.17N/AN/AN/AN/AN/AN/AN/AN/A
CSTE
CAESARSTONE LTD
$161.18M$4.67$6.5039.19%Buy2N/AN/A8.92%5.29%
JELD
JELD-WEN HOLDING INC
$1.21B$14.29$13.28-7.08%Hold9N/AN/A20.00%4.20%
SWIM
LATHAM GROUP INC
$428.16M$3.73$3.25-12.87%Sell411.35%N/A22.34%9.01%
AEHL
ANTELOPE ENTERPRISE HOLDINGS LTD
$9.67M$1.20N/AN/AN/AN/AN/AN/AN/AN/A

Building Product & Equipment Stocks FAQ

What are the best building product & equipment stocks to buy right now in Jun 2023?

According to Zen Score, the 3 best building product & equipment stocks to buy right now are:

1. Carlisle Companies (NYSE:CSL)


Carlisle Companies (NYSE:CSL) is the top building product & equipment stock with a Zen Score of 61, which is 19 points higher than the building product & equipment industry average of 42. It passed 23 out of 38 due diligence checks and has strong fundamentals. Carlisle Companies has seen its stock lose -13.82% over the past year, underperforming other building product & equipment stocks by -19 percentage points.

Carlisle Companies has an average 1 year price target of $309.17, an upside of 36.84% from Carlisle Companies's current stock price of $225.93.

Carlisle Companies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Carlisle Companies, 16.67% have issued a Strong Buy rating, 83.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Beacon Roofing Supply (NASDAQ:BECN)


Beacon Roofing Supply (NASDAQ:BECN) is the second best building product & equipment stock with a Zen Score of 60, which is 18 points higher than the building product & equipment industry average of 42. It passed 19 out of 33 due diligence checks and has strong fundamentals. Beacon Roofing Supply has seen its stock return 6.68% over the past year, overperforming other building product & equipment stocks by 1 percentage points.

Beacon Roofing Supply has an average 1 year price target of $80.25, an upside of 19.37% from Beacon Roofing Supply's current stock price of $67.23.

Beacon Roofing Supply stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Beacon Roofing Supply, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Armstrong World Industries (NYSE:AWI)


Armstrong World Industries (NYSE:AWI) is the third best building product & equipment stock with a Zen Score of 57, which is 15 points higher than the building product & equipment industry average of 42. It passed 21 out of 38 due diligence checks and has strong fundamentals. Armstrong World Industries has seen its stock lose -25.24% over the past year, underperforming other building product & equipment stocks by -31 percentage points.

Armstrong World Industries has an average 1 year price target of $83.38, an upside of 28.86% from Armstrong World Industries's current stock price of $64.70.

Armstrong World Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Armstrong World Industries, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the building product & equipment stocks with highest dividends?

Out of 13 building product & equipment stocks that have issued dividends in the past year, the 3 building product & equipment stocks with the highest dividend yields are:

1. Apogee Enterprises (NASDAQ:APOG)


Apogee Enterprises (NASDAQ:APOG) has an annual dividend yield of 2.3%, which is 1 percentage points higher than the building product & equipment industry average of 1.58%. Apogee Enterprises's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Apogee Enterprises's dividend has shown consistent growth over the last 10 years.

Apogee Enterprises's dividend payout ratio of 19% indicates that its dividend yield is sustainable for the long-term.

2. Masco (NYSE:MAS)


Masco (NYSE:MAS) has an annual dividend yield of 2.2%, which is 1 percentage points higher than the building product & equipment industry average of 1.58%. Masco's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Masco's dividend has shown consistent growth over the last 10 years.

Masco's dividend payout ratio of 31.4% indicates that its dividend yield is sustainable for the long-term.

3. Installed Building Products (NYSE:IBP)


Installed Building Products (NYSE:IBP) has an annual dividend yield of 1.91%, which is the same as the building product & equipment industry average of 1.58%.

Installed Building Products's dividend payout ratio of 25.9% indicates that its dividend yield is sustainable for the long-term.

Why are building product & equipment stocks up?

Building product & equipment stocks were up 5.29% in the last day, and up 3.73% over the last week. Quanex Building Products was the among the top gainers in the building products & equipment industry, gaining 23.43% yesterday.

Shares of several companies in the broader industrials space are trading higher on overall market strength amid renewed economic optimism following US Senate passage of a debt limit bill and strong US jobs data.

What are the most undervalued building product & equipment stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued building product & equipment stocks right now are:

1. Patrick Industries (NASDAQ:PATK)


Patrick Industries (NASDAQ:PATK) is the most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Patrick Industries has a valuation score of 86, which is 41 points higher than the building product & equipment industry average of 45. It passed 6 out of 7 valuation due diligence checks.

Patrick Industries's stock has gained 19.51% in the past year. It has overperformed other stocks in the building product & equipment industry by 14 percentage points.

2. Beacon Roofing Supply (NASDAQ:BECN)


Beacon Roofing Supply (NASDAQ:BECN) is the second most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Beacon Roofing Supply has a valuation score of 71, which is 26 points higher than the building product & equipment industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Beacon Roofing Supply's stock has gained 6.68% in the past year. It has overperformed other stocks in the building product & equipment industry by 1 percentage points.

3. Carlisle Companies (NYSE:CSL)


Carlisle Companies (NYSE:CSL) is the third most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Carlisle Companies has a valuation score of 71, which is 26 points higher than the building product & equipment industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Carlisle Companies's stock has dropped -13.82% in the past year. It has underperformed other stocks in the building product & equipment industry by -19 percentage points.

Are building product & equipment stocks a good buy now?

55.56% of building product & equipment stocks rated by analysts are a buy right now. On average, analysts expect building product & equipment stocks to rise by 13.69% over the next year.

What is the average p/e ratio of the building products & equipment industry?

The average P/E ratio of the building products & equipment industry is 21.79x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.