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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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
LPX	LOUISIANA-PACIFIC CORP	United States	$6.43B	71,671,837	88.30%	4.67%	Net Selling	Net Selling
CSL	CARLISLE COMPANIES INC	United States	$19.76B	47,601,842	86.95%	7.03%	Net Selling	Net Buying
NX	QUANEX BUILDING PRODUCTS CORP	United States	$1.13B	33,103,593	94.31%	5.69%	Net Selling	Net Buying
APOG	APOGEE ENTERPRISES INC	United States	$1.46B	22,128,308	90.12%	9.88%	Net Selling	Net Selling
OC	OWENS CORNING	United States	$15.05B	86,656,546	59.38%	40.62%	Net Selling	Net Selling
GMS	GMS INC	United States	$3.72B	39,833,628	76.83%	23.17%	Net Selling	Net Selling
LII	LENNOX INTERNATIONAL INC	United States	$17.50B	35,624,454	37.57%	62.43%	Net Selling	Net Selling
AAON	AAON INC	United States	$6.15B	82,209,281	69.10%	21.38%	Net Selling	Net Selling
AWI	ARMSTRONG WORLD INDUSTRIES INC	United States	$5.00B	43,758,250	47.42%	52.58%	Net Selling	Net Selling
SWIM	LATHAM GROUP INC	United States	$444.96M	115,572,774	10.91%	89.09%	Net Selling	Net Selling
ROCK	GIBRALTAR INDUSTRIES INC	United States	$2.26B	30,469,729	61.69%	38.31%	Net Selling	Net Selling
PPIH	PERMA-PIPE INTERNATIONAL HOLDINGS INC	United States	$71.03M	8,016,781	28.25%	32.30%	Net Selling
TT	TRANE TECHNOLOGIES PLC	Ireland	$73.50B	226,352,436	82.53%	6.71%	Net Selling	Net Selling
WMS	ADVANCED DRAINAGE SYSTEMS INC	United States	$13.38B	77,616,828	64.26%	35.74%	Net Selling	Net Selling
MAS	MASCO CORP	United States	$15.49B	220,244,380	92.29%	2.13%	Net Selling	Net Selling
BLDR	BUILDERS FIRSTSOURCE INC	United States	$20.19B	122,057,169	22.39%	77.61%	Net Selling	Net Selling
JBI	JANUS INTERNATIONAL GROUP INC	United States	$2.06B	145,978,142	90.12%	9.88%	Net Selling	Net Selling
JCI	JOHNSON CONTROLS INTERNATIONAL PLC	Ireland	$45.99B	673,675,568	90.84%	0.39%	Net Buying	Net Selling
APT	ALPHA PRO TECH LTD	Canada	$57.74M	11,688,700	27.67%	52.44%	Net Buying	Net Buying
ASPN	ASPEN AEROGELS INC	United States	$2.01B	76,161,210	77.56%	22.44%	Net Selling	Net Selling
TREX	TREX CO INC	United States	$9.64B	108,692,757	92.54%	3.62%	Net Buying	Net Buying
FBIN	FORTUNE BRANDS INNOVATIONS INC	United States	$9.15B	125,078,708	88.56%	2.16%	Net Selling	Net Selling
TILE	INTERFACE INC	United States	$913.83M	58,242,833	87.32%	12.68%	Net Selling	Net Selling
AZEK	AZEK CO INC	United States	$6.83B	145,826,079	95.34%	4.66%	Net Selling	Net Selling
CARR	CARRIER GLOBAL CORP	United States	$58.57B	901,012,491	82.88%	6.67%	Net Selling	Net Selling
AEHL	ANTELOPE ENTERPRISE HOLDINGS LTD	Colombia	$4.60M	3,283,478	0.79%	0.00%
ARLO	ARLO TECHNOLOGIES INC	United States	$1.20B	97,579,315	83.52%	6.00%	Net Selling	Net Selling
JELD	JELD-WEN HOLDING INC	United States	$1.33B	85,986,368	82.03%	17.97%	Net Selling	Net Selling
CSTE	CAESARSTONE LTD	Israel	$219.28M	34,532,452	32.51%	0.00%
ILAG	INTELLIGENT LIVING APPLICATION GROUP INC	Hong Kong	$8.51M	18,060,000	0.01%	0.00%
AIRJ	MONTANA TECHNOLOGIES CORP	United States	$225.65M	17,795,678	0.19%	99.81%	Net Buying	Net Buying

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 42.65% over the past year, underperforming other building product & equipment stocks by -21 percentage points.

Louisiana Pacific has an average 1 year price target of $84.56, a downside of -5.7% from Louisiana Pacific's current stock price of $89.67.

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 101.73% over the past year, overperforming other building product & equipment stocks by 38 percentage points.

Carlisle Companies has an average 1 year price target of $447.50, an upside of 7.82% from Carlisle Companies's current stock price of $415.05.

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 70.49% over the past year, overperforming other building product & equipment stocks by 7 percentage points.

Quanex Building Products has an average 1 year price target of $38.00, an upside of 11.11% from Quanex Building Products's current stock price of $34.20.

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 2.17%, which is 1 percentage points higher than the building product & equipment industry average of 0.98%. 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 0.98%. 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 1.29%, which is the same as the building product & equipment industry average of 0.98%. 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 17.9% indicates that its dividend yield is sustainable for the long-term.

Why are building product & equipment stocks down?

Building product & equipment stocks were down -2.21% in the last day, and down -0.98% over the last week. Advanced Drainage Systems was the among the top losers in the building products & equipment industry, dropping -2.12% yesterday.

Advanced Drainage Systems shares are trading lower following Q4 financial results.

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 -16.26% in the past year. It has underperformed other stocks in the building product & equipment industry by -80 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 70.49% in the past year. It has overperformed other stocks in the building product & equipment industry by 7 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 17.38% in the past year. It has underperformed other stocks in the building product & equipment industry by -46 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 5.31% 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 29.71x.

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.