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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
LPX	LOUISIANA-PACIFIC CORP	$6.48B	$90.42	$84.56	-6.49%	Buy	9	7.27%	80.62%	N/A	N/A
CSL	CARLISLE COMPANIES INC	$19.88B	$417.63	$447.50	7.15%	Strong Buy	4	2.13%	29.23%	N/A	N/A
NX	QUANEX BUILDING PRODUCTS CORP	$1.12B	$33.93	$38.00	12.00%	Strong Buy	1	-0.63%	N/A	N/A	N/A
APOG	APOGEE ENTERPRISES INC	$1.47B	$66.54	N/A	N/A	N/A	N/A	6.21%	-10.68%	N/A	N/A
OC	OWENS CORNING	$15.28B	$176.38	$172.60	-2.14%	Buy	10	1.29%	12.01%	N/A	N/A
GMS	GMS INC	$3.74B	$93.91	$93.50	-0.44%	Buy	6	6.15%	3.25%	21.76%	9.44%
LII	LENNOX INTERNATIONAL INC	$17.45B	$489.86	$511.08	4.33%	Buy	12	5.72%	10.49%	N/A	N/A
AAON	AAON INC	$6.16B	$74.88	N/A	N/A	N/A	N/A	2.96%	N/A	N/A	N/A
AWI	ARMSTRONG WORLD INDUSTRIES INC	$4.98B	$113.87	$126.00	10.65%	Buy	4	6.51%	13.18%	N/A	N/A
SWIM	LATHAM GROUP INC	$446.11M	$3.86	$3.53	-8.47%	Hold	3	-5.35%	2,333.33%	N/A	N/A
ROCK	GIBRALTAR INDUSTRIES INC	$2.24B	$73.52	N/A	N/A	N/A	N/A	3.86%	N/A	17.73%	12.63%
PPIH	PERMA-PIPE INTERNATIONAL HOLDINGS INC	$70.23M	$8.76	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TT	TRANE TECHNOLOGIES PLC	$74.39B	$328.64	$313.91	-4.48%	Hold	11	6.37%	-8.06%	N/A	N/A
WMS	ADVANCED DRAINAGE SYSTEMS INC	$13.48B	$174.13	$193.33	11.03%	Strong Buy	6	5.97%	16.97%	N/A	N/A
MAS	MASCO CORP	$15.45B	$70.16	$75.22	7.21%	Buy	9	2.19%	18.78%	N/A	N/A
BLDR	BUILDERS FIRSTSOURCE INC	$20.39B	$167.05	$200.36	19.94%	Buy	11	4.20%	2.29%	N/A	N/A
JBI	JANUS INTERNATIONAL GROUP INC	$2.05B	$14.04	$20.50	46.01%	Strong Buy	2	3.93%	-8.42%	N/A	N/A
JCI	JOHNSON CONTROLS INTERNATIONAL PLC	$46.50B	$69.02	$62.30	-9.74%	Hold	10	3.85%	51.87%	N/A	N/A
APT	ALPHA PRO TECH LTD	$56.22M	$4.81	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ASPN	ASPEN AEROGELS INC	$2.03B	$26.69	$28.20	5.66%	Strong Buy	5	35.60%	N/A	N/A	N/A
TREX	TREX CO INC	$9.53B	$87.65	$102.11	16.50%	Buy	9	1.42%	-9.87%	N/A	N/A
FBIN	FORTUNE BRANDS INNOVATIONS INC	$9.13B	$73.00	$85.40	16.99%	Buy	5	4.42%	N/A	N/A	N/A
TILE	INTERFACE INC	$905.09M	$15.54	$18.00	15.83%	Buy	2	3.52%	N/A	N/A	N/A
AZEK	AZEK CO INC	$6.80B	$46.63	$51.64	10.74%	Strong Buy	11	2.74%	N/A	N/A	N/A
CARR	CARRIER GLOBAL CORP	$58.77B	$65.23	$66.57	2.06%	Buy	7	6.46%	64.75%	N/A	N/A
AEHL	ANTELOPE ENTERPRISE HOLDINGS LTD	$4.61M	$1.40	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ARLO	ARLO TECHNOLOGIES INC	$1.16B	$11.91	$16.83	41.34%	Strong Buy	3	4.41%	N/A	N/A	N/A
JELD	JELD-WEN HOLDING INC	$1.34B	$15.61	$18.38	17.71%	Hold	8	-0.31%	N/A	N/A	N/A
CSTE	CAESARSTONE LTD	$220.32M	$6.38	$5.00	-21.63%	Hold	1	-7.33%	N/A	N/A	N/A
ILAG	INTELLIGENT LIVING APPLICATION GROUP INC	$8.85M	$0.49	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AIRJ	MONTANA TECHNOLOGIES CORP	$236.50M	$13.29	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Building Product & Equipment Stocks FAQ

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

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

1. Louisiana Pacific (NYSE:LPX)

Louisiana Pacific (NYSE:LPX) is the top building product & equipment stock with a Zen Score of 56, which is 19 points higher than the building product & equipment industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Louisiana Pacific has seen its stock return 44.35% over the past year, underperforming other building product & equipment stocks by -17 percentage points.

Louisiana Pacific has an average 1 year price target of $84.56, a downside of -6.49% from Louisiana Pacific's current stock price of $90.42.

Louisiana Pacific stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Louisiana Pacific, 33.33% have issued a Strong Buy rating, 33.33% 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. Carlisle Companies (NYSE:CSL)

Carlisle Companies (NYSE:CSL) is the second best building product & equipment stock with a Zen Score of 54, which is 17 points higher than the building product & equipment industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Carlisle Companies has seen its stock return 98.58% over the past year, overperforming other building product & equipment stocks by 37 percentage points.

Carlisle Companies has an average 1 year price target of $447.50, an upside of 7.15% from Carlisle Companies's current stock price of $417.63.

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

3. Quanex Building Products (NYSE:NX)

Quanex Building Products (NYSE:NX) is the third best building product & equipment stock with a Zen Score of 51, which is 14 points higher than the building product & equipment industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Quanex Building Products has seen its stock return 65.35% over the past year, overperforming other building product & equipment stocks by 4 percentage points.

Quanex Building Products has an average 1 year price target of $38.00, an upside of 12% from Quanex Building Products's current stock price of $33.93.

Quanex Building Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Quanex Building Products, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% 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 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 2.14%, which is 1 percentage points higher than the building product & equipment industry average of 0.99%. 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 59.7% indicates that its dividend yield is sustainable for the long-term.

2. Masco (NYSE:MAS)

Masco (NYSE:MAS) has an annual dividend yield of 1.63%, which is 1 percentage points higher than the building product & equipment industry average of 0.99%. 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. Fortune Brands Innovations (NYSE:FBIN)

Fortune Brands Innovations (NYSE:FBIN) has an annual dividend yield of 1.27%, which is the same as the building product & equipment industry average of 0.99%. Fortune Brands Innovations's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Fortune Brands Innovations's dividend has shown consistent growth over the last 10 years.

Fortune Brands Innovations's dividend payout ratio of 28.2% indicates that its dividend yield is sustainable for the long-term.

Why are building product & equipment stocks up?

Building product & equipment stocks were up 0.42% in the last day, and down -0.38% over the last week.

We couldn't find a catalyst for why building product & equipment stocks are up.

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 37 points higher than the building product & equipment industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Perma Pipe International Holdings's stock has dropped -15.93% in the past year. It has underperformed other stocks in the building product & equipment industry by -77 percentage points.

2. Quanex Building Products (NYSE:NX)

Quanex Building Products (NYSE:NX) is the second most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Quanex Building Products has a valuation score of 71, which is 37 points higher than the building product & equipment industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Quanex Building Products's stock has gained 65.35% in the past year. It has overperformed other stocks in the building product & equipment industry by 4 percentage points.

3. Latham Group (NASDAQ:SWIM)

Latham Group (NASDAQ:SWIM) is the third most undervalued building product & equipment stock based on WallStreetZen's Valuation Score. Latham Group has a valuation score of 71, which is 37 points higher than the building product & equipment industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Latham Group's stock has gained 12.7% in the past year. It has underperformed other stocks in the building product & equipment industry by -49 percentage points.

Are building product & equipment stocks a good buy now?

47.83% of building product & equipment stocks rated by analysts are a buy right now. On average, analysts expect building product & equipment stocks to rise by 5.52% 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 29.88x.

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.