According to Zen Score, the 3 best construction stocks to buy right now are:
1. Meritage Homes (NYSE:MTH)
Meritage Homes (NYSE:MTH) is the top construction stock with a Zen Score of 45, which is 7 points higher than the construction industry average of 38. It passed 16 out of 38 due diligence checks and has strong fundamentals. Meritage Homes has seen its stock return 36.97% over the past year, overperforming other construction stocks by 7 percentage points.
Meritage Homes has an average 1 year
price target of $165.00, a downside of -4.69% from Meritage Homes's current stock price of $173.12.
Meritage Homes stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Meritage Homes, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Cavco Industries (NASDAQ:CVCO)
Cavco Industries (NASDAQ:CVCO) is the second best construction stock with a Zen Score of 45, which is 7 points higher than the construction industry average of 38. It passed 14 out of 33 due diligence checks and has strong fundamentals. Cavco Industries has seen its stock return 25.08% over the past year, underperforming other construction stocks by -5 percentage points.
Cavco Industries has an average 1 year
price target of $380.00, an upside of 2.15% from Cavco Industries's current stock price of $372.02.
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.
3. Lennar (NYSE:LEN)
Lennar (NYSE:LEN) is the third best construction stock with a Zen Score of 44, which is 6 points higher than the construction industry average of 38. It passed 15 out of 38 due diligence checks and has strong fundamentals. Lennar has seen its stock return 37.31% over the past year, overperforming other construction stocks by 7 percentage points.
Lennar has an average 1 year
price target of $170.77, an upside of 10.02% from Lennar's current stock price of $155.21.
Lennar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Lennar, 38.46% have issued a Strong Buy rating, 30.77% have issued a Buy, 15.38% have issued a hold, while 15.38% have issued a Sell rating, and 0% have issued a Strong Sell.