According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best construction stocks to buy right now are:
1. Legacy Housing (NASDAQ:LEGH)
The Component Grade breakdown for Legacy Housing (NASDAQ:LEGH) is: Value: B, Growth: C, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Legacy Housing (NASDAQ:LEGH) has a Due Diligence Score of 49, which is 16 points higher than the construction industry average of 33.
LEGH passed 15 out of 33 due diligence checks and has strong fundamentals. Legacy Housing has seen its stock return 32.91% over the past year, overperforming other construction stocks by 47 percentage points.
2. Installed Building Products (NYSE:IBP)
The Component Grade breakdown for Installed Building Products (NYSE:IBP) is: Value: C, Growth: C, Momentum: D, Sentiment: C, Safety: A, Financials: A, and AI: C.
Installed Building Products (NYSE:IBP) has a Due Diligence Score of 42, which is 9 points higher than the construction industry average of 33.
IBP passed 16 out of 38 due diligence checks and has strong fundamentals. Installed Building Products has seen its stock lose -16.01% over the past year, underperforming other construction stocks by -2 percentage points.
Installed Building Products has an average 1 year
price target of $216.33, an upside of 1.4% from Installed Building Products's current stock price of $213.35.
Installed Building Products stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering Installed Building Products, 22.22% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 11.11% have issued a Strong Sell.
3. Cavco Industries (NASDAQ:CVCO)
The Component Grade breakdown for Cavco Industries (NASDAQ:CVCO) is: Value: C, Growth: D, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.
Cavco Industries (NASDAQ:CVCO) has a Due Diligence Score of 45, which is 12 points higher than the construction industry average of 33.
CVCO passed 15 out of 33 due diligence checks and has strong fundamentals. Cavco Industries has seen its stock return 22.82% over the past year, overperforming other construction stocks by 37 percentage points.
Cavco Industries has an average 1 year
price target of $720.00, an upside of 16.32% from Cavco Industries's current stock price of $619.00.
Cavco Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Cavco Industries, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.