Sectors & IndustriesIndustrialsMetal Fabrication

Best Metal Fabrication Stocks to Buy Now (2022)

Top metal fabrication stocks in 2022 ranked by overall Zen Score. See the best metal fabrication stocks to buy now, according to analyst forecasts for the metal fabrication industry.

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

Haynes International (NASDAQ:HAYN) is the top metal fabrication stock with a Zen Score of 65, which is 25 points higher than the metal fabrication industry average of 40. It passed 24 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 3.52% over the past year, underperforming other metal fabrication stocks by -3 percentage points.

Haynes International has an average 1 year price target of $52.00, an upside of 33.78% from Haynes International's current stock price of $38.87.

Haynes International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Haynes International, 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.

Mueller Industries (NYSE:MLI) is the second best metal fabrication stock with a Zen Score of 64, which is 24 points higher than the metal fabrication industry average of 40. It passed 24 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 46.16% over the past year, overperforming other metal fabrication stocks by 40 percentage points.

Mueller Industries has an average 1 year price target of $125.00, an upside of 100.48% from Mueller Industries's current stock price of $62.35.

Mueller Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Mueller Industries, 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.

Insteel Industries (NYSE:IIIN) is the third best metal fabrication stock with a Zen Score of 64, which is 24 points higher than the metal fabrication industry average of 40. It passed 24 out of 38 due diligence checks and has strong fundamentals. Insteel Industries has seen its stock lose -27.33% over the past year, underperforming other metal fabrication stocks by -34 percentage points.

Insteel Industries stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Insteel Industries, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Highway Holdings (NASDAQ:HIHO) has an annual dividend yield of 11.83%, which is 8 percentage points higher than the metal fabrication industry average of 3.96%. Highway Holdings's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Highway Holdings's dividend has shown consistent growth over the last 10 years.

Insteel Industries (NYSE:IIIN) has an annual dividend yield of 7.57%, which is 4 percentage points higher than the metal fabrication industry average of 3.96%. 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 not shown consistent growth over the last 10 years.

Insteel Industries's dividend payout ratio of 32.8% indicates that its high dividend yield is sustainable for the long-term.

Carpenter Technology (NYSE:CRS) has an annual dividend yield of 2.29%, which is -2 percentage points lower than the metal fabrication industry average of 3.96%. Carpenter Technology's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Carpenter Technology's dividend has shown consistent growth over the last 10 years.

Carpenter Technology's dividend payout ratio of -79.2% indicates that its dividend yield might not be sustainable for the long-term.

Metal fabrication stocks were down -0.29% in the last day, and up 5.6% over the last week.

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

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

Northwest Pipe Co (NASDAQ:NWPX) is the most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Northwest Pipe Co has a valuation score of 86, which is 43 points higher than the metal fabrication industry average of 43. It passed 6 out of 7 valuation due diligence checks.

Northwest Pipe Co's stock has gained 23.4% in the past year. It has overperformed other stocks in the metal fabrication industry by 17 percentage points.

Haynes International (NASDAQ:HAYN) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Haynes International has a valuation score of 86, which is 43 points higher than the metal fabrication industry average of 43. It passed 6 out of 7 valuation due diligence checks.

Haynes International's stock has gained 3.52% in the past year. It has underperformed other stocks in the metal fabrication industry by -3 percentage points.

Mueller Industries (NYSE:MLI) is the third most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Mueller Industries has a valuation score of 71, which is 28 points higher than the metal fabrication industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 46.16% in the past year. It has overperformed other stocks in the metal fabrication industry by 40 percentage points.