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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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
LPX	LOUISIANA-PACIFIC CORP	$6.48B	0.82%	26.80%	$0.2600	$0.74	15%	0	2024-05-21	2024-06-05
CSL	CARLISLE COMPANIES INC	$19.88B	0.81%	18.90%	$0.8500	$3.40	15%	0		2024-06-03
NX	QUANEX BUILDING PRODUCTS CORP	$1.12B	0.94%	12.10%	$0.0800	$0.32	18%	0
APOG	APOGEE ENTERPRISES INC	$1.47B	1.10%	21.30%	$0.2500	$0.73	21%	0	2024-05-20	2024-06-05
OC	OWENS CORNING	$15.28B	1.27%	17.90%	$0.6000	$2.24	26%	0
GMS	GMS INC	$3.74B	N/A	0.00%	N/A	N/A	N/A	N/A
LII	LENNOX INTERNATIONAL INC	$17.45B	0.90%	25.40%	$1.1000	$4.40	17%	0
AAON	AAON INC	$6.16B	0.43%	14.50%	$0.0800	$0.32	7%	1
AWI	ARMSTRONG WORLD INDUSTRIES INC	$4.98B	0.96%	20.00%	$0.2800	$1.09	18%	0		2024-05-23
SWIM	LATHAM GROUP INC	$446.11M	N/A	0.00%	N/A	N/A	N/A	N/A
ROCK	GIBRALTAR INDUSTRIES INC	$2.24B	N/A	0.00%	N/A	N/A	N/A	N/A
PPIH	PERMA-PIPE INTERNATIONAL HOLDINGS INC	$70.23M	N/A	0.00%	N/A	N/A	N/A	N/A
TT	TRANE TECHNOLOGIES PLC	$74.39B	0.94%	32.70%	$0.8400	$3.09	18%	0	2024-06-07	2024-06-28
WMS	ADVANCED DRAINAGE SYSTEMS INC	$13.48B	0.32%	8.60%	$0.1400	$0.56	5%	1	2024-05-31	2024-06-14
MAS	MASCO CORP	$15.45B	1.63%	28.00%	$0.2900	$1.15	34%	0	2024-05-23	2024-06-10
BLDR	BUILDERS FIRSTSOURCE INC	$20.39B	N/A	0.00%	N/A	N/A	N/A	N/A
JBI	JANUS INTERNATIONAL GROUP INC	$2.05B	N/A	0.00%	N/A	N/A	N/A	N/A
JCI	JOHNSON CONTROLS INTERNATIONAL PLC	$46.50B	2.14%	59.70%	$0.3700	$1.48	44%	1
APT	ALPHA PRO TECH LTD	$56.22M	N/A	0.00%	N/A	N/A	N/A	N/A
ASPN	ASPEN AEROGELS INC	$2.03B	N/A	0.00%	N/A	N/A	N/A	N/A
TREX	TREX CO INC	$9.53B	N/A	0.00%	N/A	N/A	N/A	N/A
FBIN	FORTUNE BRANDS INNOVATIONS INC	$9.13B	1.27%	28.20%	$0.2400	$0.93	26%	1	2024-05-23	2024-06-12
TILE	INTERFACE INC	$905.09M	0.26%	3.90%	$0.0100	$0.04	3%	1	2024-05-31	2024-06-14
AZEK	AZEK CO INC	$6.80B	N/A	0.00%	N/A	N/A	N/A	N/A
CARR	CARRIER GLOBAL CORP	$58.77B	N/A	37.80%	$0.1500	N/A	N/A	0
AEHL	ANTELOPE ENTERPRISE HOLDINGS LTD	$4.61M	N/A	0.00%	$3.1200	N/A	N/A	0
ARLO	ARLO TECHNOLOGIES INC	$1.16B	N/A	0.00%	N/A	N/A	N/A	N/A
JELD	JELD-WEN HOLDING INC	$1.34B	N/A	0.00%	N/A	N/A	N/A	N/A
CSTE	CAESARSTONE LTD	$220.32M	N/A	0.00%	$0.2500	N/A	N/A	3
ILAG	INTELLIGENT LIVING APPLICATION GROUP INC	$8.85M	N/A	0.00%	N/A	N/A	N/A	N/A
AIRJ	MONTANA TECHNOLOGIES CORP	$236.50M	N/A	0.00%	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.