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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
MLI
MUELLER INDUSTRIES INC
$53.40$88.39-39.59%9.87xN/A1.74x2.60x0.32x$618.74M10.40%$2.34B20.98$4.93B5.70
HAYN
HAYNES INTERNATIONAL INC
$60.14$48.8523.11%18.22x13.61x1.26x1.74x0.68x-$10.03M-1.32%$442.06M34.97$872.14M11.19
WOR
WORTHINGTON ENTERPRISES INC
$61.96N/AN/A10.19x13.18x0.66x1.73xN/A$503.50M16.52%$1.79B36.45$3.39B6.60
MEC
MAYVILLE ENGINEERING COMPANY INC
$14.10$16.51-14.57%37.11x10.07x0.49x1.25x0.34x$24.82M8.62%$229.98M11.27$467.64M7.94
CMPO
COMPOSECURE INC
$6.94$37.58-81.53%6.74xN/A0.33x-0.70x0.08x$93.37M72.09%-$802.36M-43.00$862.33M15.76
CRS
CARPENTER TECHNOLOGY CORP
$70.19N/AN/A24.04x29.87x1.28x2.35xN/A$102.50M2.94%$1.47B29.65$4.16B11.33
NWPX
NORTHWEST PIPE CO
$34.51$11.68195.37%16.36xN/A0.78x1.00x117.67x$35.16M10.20%$340.36M34.07$492.77M9.87
RYI
RYERSON HOLDING CORP
$32.91$31.384.86%7.89xN/A0.22x1.24x1.36x$243.70M21.77%$905.90M26.63$1.87B6.44
IIIN
INSTEEL INDUSTRIES INC
$37.82N/AN/A32.89xN/A1.22x2.20xN/A$96.27M13.05%$333.60M17.11$649.92M15.24
ATI
ATI INC
$50.92N/AN/A15.86x23.47x1.56x4.74xN/A-$111.00M-1.71%$1.37B10.75$7.94B15.23
PRLB
PROTO LABS INC
$35.38N/AN/A53.61xN/A1.84x1.31xN/A$45.86M4.95%$695.30M26.55$831.74M12.70
ESAB
ESAB CORP
$110.10$30.64259.28%32.48x28.60x2.39x4.13x3.20x$286.92M4.32%$1.61B26.64$7.56B16.39
HIHO
HIGHWAY HOLDINGS LTD
$2.05N/AN/AN/AN/AN/A1.15xN/AN/AN/A$7.51M1.77$3.65MN/A
TPCS
TECHPRECISION CORP
$3.67N/AN/A-11.12xN/A1.05x2.51xN/A-$392.88k-1.23%$12.84M1.47$44.56M-81.91
GIFI
GULF ISLAND FABRICATION INC
$7.45N/AN/A-4.93xN/A0.80x1.53xN/A$4.78M3.96%$78.97M4.88$101.02M-4.95
SGBX
SAFE & GREEN HOLDINGS CORP
$0.20N/AN/A-0.18xN/A0.17x0.60xN/A-$5.85M-182.00%$5.50M0.34$13.98M-1.03
AP
AMPCO PITTSBURGH CORP
$2.11N/AN/A-1.03xN/A0.10x0.69xN/A-$24.01M-58.01%$60.94M3.11$168.05M-11.95
WS
WORTHINGTON STEEL INC
$36.34N/AN/AN/AN/AN/A1.76xN/AN/AN/A$1.04B21.10$1.88BN/A
TG
TREDEGAR CORP
$6.49N/AN/A-2.09xN/A0.32x1.44xN/A-$2.45M-1.11%$155.65M4.56$369.37M-3.06

Metal Fabrication Stocks FAQ

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

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

1. Mueller Industries (NYSE:MLI)


Mueller Industries (NYSE:MLI) is the top metal fabrication stock with a Zen Score of 60, which is 31 points higher than the metal fabrication industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 47.27% over the past year, overperforming other metal fabrication stocks by 17 percentage points.

2. Haynes International (NASDAQ:HAYN)


Haynes International (NASDAQ:HAYN) is the second best metal fabrication stock with a Zen Score of 59, which is 30 points higher than the metal fabrication industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 24.49% over the past year, underperforming other metal fabrication stocks by -6 percentage points.

3. Worthington Enterprises (NYSE:WOR)


Worthington Enterprises (NYSE:WOR) is the third best metal fabrication stock with a Zen Score of 46, which is 17 points higher than the metal fabrication industry average of 29. It passed 16 out of 38 due diligence checks and has strong fundamentals. Worthington Enterprises has seen its stock lose -1.21% over the past year, underperforming other metal fabrication stocks by -32 percentage points.

Worthington Enterprises has an average 1 year price target of $60.00, a downside of -3.16% from Worthington Enterprises's current stock price of $61.96.

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. Highway Holdings (NASDAQ:HIHO)


Highway Holdings (NASDAQ:HIHO) has an annual dividend yield of 7.32%, which is 4 percentage points higher than the metal fabrication industry average of 3.01%. 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 not shown consistent growth over the last 10 years.

2. Insteel Industries (NYSE:IIIN)


Insteel Industries (NYSE:IIIN) has an annual dividend yield of 6.93%, which is 4 percentage points higher than the metal fabrication industry average of 3.01%. Insteel Industries's dividend payout is not stable, having dropped more than 10% seven 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 227.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Ryerson Holding (NYSE:RYI)


Ryerson Holding (NYSE:RYI) has an annual dividend yield of 2.23%, which is -1 percentage points lower than the metal fabrication industry average of 3.01%.

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 1.77% in the last day, and up 2.5% 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 40 points higher than the metal fabrication industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 47.27% in the past year. It has overperformed other stocks in the metal fabrication industry by 17 percentage points.

2. Northwest Pipe Co (NASDAQ:NWPX)


Northwest Pipe Co (NASDAQ:NWPX) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Northwest Pipe Co has a valuation score of 57, which is 26 points higher than the metal fabrication industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Northwest Pipe Co's stock has gained 11.54% in the past year. It has underperformed other stocks in the metal fabrication industry by -19 percentage points.

3. Mayville Engineering Company (NYSE:MEC)


Mayville Engineering Company (NYSE:MEC) is the third most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Mayville Engineering Company has a valuation score of 57, which is 26 points higher than the metal fabrication industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Mayville Engineering Company's stock has gained 3.15% in the past year. It has underperformed other stocks in the metal fabrication industry by -27 percentage points.

Are metal fabrication stocks a good buy now?

75% of metal fabrication stocks rated by analysts are a strong buy right now. On average, analysts expect metal fabrication stocks to rise by 5.24% 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 18.56x.
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