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Best Metal Fabrication Stocks to Buy Now (2024)
Top metal fabrication stocks in 2024 ranked by overall Zen Score. See the best metal fabrication stocks to buy now, according to analyst forecasts for the metal fabrication industry.

Industry: Metal Fabrication
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
HAYN
HAYNES INTERNATIONAL INC
NASDAQ
Metal Fabrication
$761.61M$59.58-0.28%$77.96M18.05x0.59
MLI
MUELLER INDUSTRIES INC
NYSE
Metal Fabrication
$5.58B$49.143.15%$888.86M8.79x0.19
WOR
WORTHINGTON ENTERPRISES INC
NYSE
Metal Fabrication
$3.21B$64.233.28%$513.76M10.56x0.93
MEC
MAYVILLE ENGINEERING COMPANY INC
NYSE
Metal Fabrication
$237.20M$11.680.43%$55.27M29.20x1.31
CRS
CARPENTER TECHNOLOGY CORP
NYSE
Metal Fabrication
$3.19B$64.46-0.74%$367.20M22.08x1.14
IIIN
INSTEEL INDUSTRIES INC
NYSE
Metal Fabrication
$684.00M$35.170.92%$42.65M30.58x0.17
ATI
ATI INC
NYSE
Metal Fabrication
$5.97B$46.730.58%$521.50M14.56x2.55
NWPX
NORTHWEST PIPE CO
NASDAQ
Metal Fabrication
$290.81M$29.040.24%$52.24M12.31x0.76
RYI
RYERSON HOLDING CORP
NYSE
Metal Fabrication
$1.12B$32.821.89%$290.20M7.87x1.83
PRLB
PROTO LABS INC
NYSE
Metal Fabrication
$939.88M$36.540.30%$65.48M55.36x0.11
CMPO
COMPOSECURE INC
NASDAQ
Metal Fabrication
$386.66M$4.881.56%$50.90M4.78x-0.52
HIHO
HIGHWAY HOLDINGS LTD
NASDAQ
Metal Fabrication
$8.86M$2.101.94%N/AN/A0.69
AP
AMPCO PITTSBURGH CORP
NYSE
Metal Fabrication
$48.27M$2.43-2.41%$29.06M20.25x3.75
ESAB
ESAB CORP
NYSE
Metal Fabrication
$5.69B$94.460.68%$450.73M26.61x1.48
GIFI
GULF ISLAND FABRICATION INC
NASDAQ
Metal Fabrication
$71.75M$4.412.68%-$26.73M-2.33x0.69
SGBX
SAFE & GREEN HOLDINGS CORP
NASDAQ
Metal Fabrication
$5.77M$0.3524.11%-$13.54M-0.32x3.44
WS
WORTHINGTON STEEL INC
NYSE
Metal Fabrication
$1.52B$30.31-1.75%N/AN/A0.70
TG
TREDEGAR CORP
NYSE
Metal Fabrication
$152.43M$4.431.14%-$56.10M-2.03x2.11
TPCS
TECHPRECISION CORP
NASDAQ
Metal Fabrication
$28.70M$3.286.68%$645.89k-14.24x1.81

Metal Fabrication Stocks FAQ

What are the best metal fabrication stocks to buy right now in Feb 2024?

According to Zen Score, the 3 best metal fabrication stocks to buy right now are:

1. Haynes International (NASDAQ:HAYN)


Haynes International (NASDAQ:HAYN) is the top metal fabrication stock with a Zen Score of 56, which is 27 points higher than the metal fabrication industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 10.91% over the past year, underperforming other metal fabrication stocks by -3 percentage points.

2. Mueller Industries (NYSE:MLI)


Mueller Industries (NYSE:MLI) is the second best metal fabrication stock with a Zen Score of 56, which is 27 points higher than the metal fabrication industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 34.21% over the past year, overperforming other metal fabrication stocks by 21 percentage points.

3. Worthington Enterprises (NYSE:WOR)


Worthington Enterprises (NYSE:WOR) is the third best metal fabrication stock with a Zen Score of 52, which is 23 points higher than the metal fabrication industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. Worthington Enterprises has seen its stock return 8.19% over the past year, underperforming other metal fabrication stocks by -5 percentage points.

Worthington Enterprises has an average 1 year price target of $53.00, a downside of -17.48% from Worthington Enterprises's current stock price of $64.23.

Worthington Enterprises stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Worthington Enterprises, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

What are the metal fabrication stocks with highest dividends?

Out of 7 metal fabrication stocks that have issued dividends in the past year, the 3 metal fabrication stocks with the highest dividend yields are:

1. Insteel Industries (NYSE:IIIN)


Insteel Industries (NYSE:IIIN) has an annual dividend yield of 7.45%, which is 4 percentage points higher than the metal fabrication industry average of 3.57%. Insteel Industries's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Insteel Industries's dividend has shown consistent growth over the last 10 years.

Insteel Industries's dividend payout ratio of 227.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Highway Holdings (NASDAQ:HIHO)


Highway Holdings (NASDAQ:HIHO) has an annual dividend yield of 7.14%, which is 4 percentage points higher than the metal fabrication industry average of 3.57%. Highway Holdings's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Highway Holdings's dividend has shown consistent growth over the last 10 years.

3. Ryerson Holding (NYSE:RYI)


Ryerson Holding (NYSE:RYI) has an annual dividend yield of 2.19%, which is -1 percentage points lower than the metal fabrication industry average of 3.57%.

Ryerson Holding's dividend payout ratio of 17.2% indicates that its dividend yield is sustainable for the long-term.

Why are metal fabrication stocks up?

Metal fabrication stocks were up 0.86% in the last day, and down -0.49% over the last week.

We couldn't find a catalyst for why metal fabrication stocks are up.

What are the most undervalued metal fabrication stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued metal fabrication stocks right now are:

1. Mueller Industries (NYSE:MLI)


Mueller Industries (NYSE:MLI) is the most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Mueller Industries has a valuation score of 71, which is 41 points higher than the metal fabrication industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 34.21% in the past year. It has overperformed other stocks in the metal fabrication industry by 21 percentage points.

2. Mayville Engineering Company (NYSE:MEC)


Mayville Engineering Company (NYSE:MEC) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Mayville Engineering Company has a valuation score of 57, which is 27 points higher than the metal fabrication industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Mayville Engineering Company's stock has dropped -27.9% in the past year. It has underperformed other stocks in the metal fabrication industry by -41 percentage points.

3. Northwest Pipe Co (NASDAQ:NWPX)


Northwest Pipe Co (NASDAQ:NWPX) is the third most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Northwest Pipe Co has a valuation score of 57, which is 27 points higher than the metal fabrication industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Northwest Pipe Co's stock has dropped -24.79% in the past year. It has underperformed other stocks in the metal fabrication industry by -38 percentage points.

Are metal fabrication stocks a good buy now?

42.86% of metal fabrication stocks rated by analysts are a strong buy right now. On average, analysts expect metal fabrication stocks to rise by 3.44% over the next year.

What is the average p/e ratio of the metal fabrication industry?

The average P/E ratio of the metal fabrication industry is 16.71x.
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.