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Best Building Product & Equipment Stocks to Buy Now (2024)
Top building product & equipment stocks in 2024 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...

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
OC	OWENS CORNING	$14.96B	$172.01	$196.00	13.95%	Strong Buy	9	11.11%	28.74%	25.49%	9.30%
BLDR	BUILDERS FIRSTSOURCE INC	$22.39B	$192.28	$197.08	2.50%	Strong Buy	12	2.90%	8.34%	48.51%	19.48%
LPX	LOUISIANA-PACIFIC CORP	$7.43B	$105.77	$95.57	-9.64%	Hold	7	2.87%	-7.91%	28.61%	18.76%
WMS	ADVANCED DRAINAGE SYSTEMS INC	$12.05B	$155.48	$190.14	22.29%	Strong Buy	7	5.40%	12.36%	49.59%	18.17%
AWI	ARMSTRONG WORLD INDUSTRIES INC	$5.89B	$134.74	$137.00	1.68%	Buy	3	5.13%	9.93%	46.38%	17.05%
CSL	CARLISLE COMPANIES INC	$21.02B	$454.48	$490.00	7.82%	Buy	2	4.54%	-11.57%	37.16%	16.59%
AAON	AAON INC	$8.73B	$107.71	$102.00	-5.30%	Buy	2	8.17%	9.82%	36.10%	26.45%
ROCK	GIBRALTAR INDUSTRIES INC	$2.17B	$71.34	N/A	N/A	N/A	N/A	2.05%	21.05%	15.78%	11.18%
APOG	APOGEE ENTERPRISES INC	$1.84B	$83.93	$65.00	-22.55%	Hold	1	7.79%	-3.08%	19.45%	10.74%
PPIH	PERMA-PIPE INTERNATIONAL HOLDINGS INC	$114.08M	$14.30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TT	TRANE TECHNOLOGIES PLC	$87.64B	$388.36	$354.00	-8.85%	Buy	13	5.71%	10.00%	45.09%	15.51%
NX	QUANEX BUILDING PRODUCTS CORP	$1.29B	$27.30	$38.00	39.19%	Strong Buy	1	18.04%	-4.87%	23.30%	15.87%
GMS	GMS INC	$3.57B	$90.75	$90.29	-0.51%	Buy	7	2.98%	17.44%	22.74%	8.59%
LII	LENNOX INTERNATIONAL INC	$21.17B	$594.05	$562.20	-5.36%	Buy	10	5.94%	12.51%	167.56%	30.03%
MAS	MASCO CORP	$17.98B	$82.37	$79.89	-3.01%	Buy	9	1.86%	4.98%	-4,197.09%	20.34%
AZEK	AZEK CO INC	$6.34B	$43.79	$49.33	12.66%	Buy	12	5.65%	15.66%	N/A	N/A
TREX	TREX CO INC	$7.20B	$66.25	$81.87	23.57%	Buy	15	-8.50%	-15.86%	27.10%	19.10%
APT	ALPHA PRO TECH LTD	$63.13M	$5.65	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ASPN	ASPEN AEROGELS INC	$2.04B	$26.48	$32.33	22.10%	Strong Buy	9	25.40%	N/A	27.91%	19.31%
TILE	INTERFACE INC	$1.06B	$18.13	$22.00	21.35%	Buy	1	2.98%	12.28%	18.09%	6.71%
JBI	JANUS INTERNATIONAL GROUP INC	$1.42B	$9.79	$13.67	39.60%	Strong Buy	3	-4.02%	-4.80%	21.16%	8.81%
FBIN	FORTUNE BRANDS INNOVATIONS INC	$10.78B	$86.84	$82.75	-4.71%	Buy	8	2.90%	15.19%	N/A	N/A
CARR	CARRIER GLOBAL CORP	$72.94B	$80.80	$76.60	-5.20%	Buy	10	3.49%	-9.20%	23.34%	7.95%
JCI	JOHNSON CONTROLS INTERNATIONAL PLC	$50.56B	$75.68	$77.40	2.27%	Buy	10	1.83%	36.94%	18.75%	6.91%
SWIM	LATHAM GROUP INC	$767.43M	$6.64	$6.50	-2.11%	Buy	2	1.78%	-35.63%	2.55%	1.25%
AIRJ	MONTANA TECHNOLOGIES CORP	$313.46M	$5.62	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ARLO	ARLO TECHNOLOGIES INC	$1.15B	$11.47	$19.67	71.46%	Strong Buy	3	2.31%	N/A	-27.69%	-9.29%
AEHL	ANTELOPE ENTERPRISE HOLDINGS LTD	$8.09M	$0.70	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ILAG	INTELLIGENT LIVING APPLICATION GROUP INC	$19.14M	$1.06	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CSTE	CAESARSTONE LTD	$155.41M	$4.50	$6.00	33.33%	Strong Buy	1	-6.54%	N/A	-5.09%	-2.82%
JELD	JELD-WEN HOLDING INC	$1.35B	$16.00	$15.00	-6.25%	Hold	5	0.60%	N/A	N/A	N/A

Building Product & Equipment Stocks FAQ

What are the best building product & equipment stocks to buy right now in Oct 2024?

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

1. Owens Corning (NYSE:OC)

Owens Corning (NYSE:OC) is the top building product & equipment stock with a Zen Score of 58, which is 18 points higher than the building product & equipment industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Owens Corning has seen its stock return 29.95% over the past year, underperforming other building product & equipment stocks by -29 percentage points.

Owens Corning has an average 1 year price target of $196.00, an upside of 13.95% from Owens Corning's current stock price of $172.01.

Owens Corning stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Owens Corning, 55.56% have issued a Strong Buy rating, 11.11% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Builders Firstsource (NYSE:BLDR)

Builders Firstsource (NYSE:BLDR) is the second best building product & equipment stock with a Zen Score of 56, which is 16 points higher than the building product & equipment industry average of 40. It passed 19 out of 33 due diligence checks and has strong fundamentals. Builders Firstsource has seen its stock return 60.05% over the past year, overperforming other building product & equipment stocks by 1 percentage points.

Builders Firstsource has an average 1 year price target of $197.08, an upside of 2.5% from Builders Firstsource's current stock price of $192.28.

Builders Firstsource stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Builders Firstsource, 58.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 8.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Louisiana Pacific (NYSE:LPX)

Louisiana Pacific (NYSE:LPX) is the third best building product & equipment stock with a Zen Score of 56, which is 16 points higher than the building product & equipment industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Louisiana Pacific has seen its stock return 96.02% over the past year, overperforming other building product & equipment stocks by 37 percentage points.

Louisiana Pacific has an average 1 year price target of $95.57, a downside of -9.64% from Louisiana Pacific's current stock price of $105.77.

Louisiana Pacific stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Louisiana Pacific, 28.57% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 14.29% have issued a Sell rating, and 14.29% have issued a Strong Sell.

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

Out of 14 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. Johnson Controls International (NYSE:JCI)

Johnson Controls International (NYSE:JCI) has an annual dividend yield of 1.96%, which is 1 percentage points higher than the building product & equipment industry average of 0.92%. Johnson Controls International's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Johnson Controls International's dividend has shown consistent growth over the last 10 years.

Johnson Controls International's dividend payout ratio of 61.9% indicates that its dividend yield is sustainable for the long-term.

2. Masco (NYSE:MAS)

Masco (NYSE:MAS) has an annual dividend yield of 1.4%, which is the same as the building product & equipment industry average of 0.92%. 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 28% indicates that its dividend yield is sustainable for the long-term.

3. Owens Corning (NYSE:OC)

Owens Corning (NYSE:OC) has an annual dividend yield of 1.35%, which is the same as the building product & equipment industry average of 0.92%. Owens Corning's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Owens Corning's dividend has shown consistent growth over the last 10 years.

Owens Corning's dividend payout ratio of 19.4% indicates that its dividend yield is sustainable for the long-term.

Why are building product & equipment stocks up?

Building product & equipment stocks were up 0.88% in the last day, and up 0.08% over the last week. Apogee Enterprises was the among the top gainers in the building products & equipment industry, gaining 22.65% yesterday.

Apogee Enterprises shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY25 adjusted EPS guidance above estimates.

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. Perma Pipe International Holdings (NASDAQ:PPIH)

Perma Pipe International Holdings (NASDAQ:PPIH) is the most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Perma Pipe International Holdings has a valuation score of 71, which is 41 points higher than the building product & equipment industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Perma Pipe International Holdings's stock has gained 79.54% in the past year. It has overperformed other stocks in the building product & equipment industry by 20 percentage points.

2. Owens Corning (NYSE:OC)

Owens Corning (NYSE:OC) is the second most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Owens Corning has a valuation score of 71, which is 41 points higher than the building product & equipment industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Owens Corning's stock has gained 29.95% in the past year. It has underperformed other stocks in the building product & equipment industry by -29 percentage points.

3. Gms (NYSE:GMS)

Gms (NYSE:GMS) is the third most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Gms has a valuation score of 57, which is 27 points higher than the building product & equipment industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Gms's stock has gained 45.34% in the past year. It has underperformed other stocks in the building product & equipment industry by -14 percentage points.

Are building product & equipment stocks a good buy now?

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 1.47% 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 26.67x.

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.