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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MLI
MUELLER INDUSTRIES INC
$6.80B$59.90N/AN/AN/AN/AN/AN/AN/AN/A
HAYN
HAYNES INTERNATIONAL INC
$756.75M$59.20N/AN/AN/AN/A-11.28%22.63%16.01%10.24%
WOR
WORTHINGTON ENTERPRISES INC
$2.40B$47.85$47.50-0.73%Sell233.33%-3.58%29.58%15.83%
CRS
CARPENTER TECHNOLOGY CORP
$5.51B$110.97$124.5012.19%Buy47.16%49.55%31.70%15.00%
IIIN
INSTEEL INDUSTRIES INC
$620.86M$31.88N/AN/AN/AN/A-2.72%24.00%22.01%18.88%
CMPO
COMPOSECURE INC
$605.24M$7.51$12.8070.44%Strong Buy57.01%7.40%-14.11%52.45%
MTEN
MINGTENG INTERNATIONAL CORP INC
$16.02M$2.58N/AN/AN/AN/AN/AN/AN/AN/A
MEC
MAYVILLE ENGINEERING COMPANY INC
$357.78M$17.43$24.0037.69%Strong Buy34.61%52.51%12.98%6.08%
NWPX
NORTHWEST PIPE CO
$350.12M$35.31$40.0013.28%Strong Buy11.40%5.96%7.38%4.07%
ATI
ATI INC
$7.28B$58.53$71.2021.65%Strong Buy57.69%6.42%49.18%12.99%
PRLB
PROTO LABS INC
$811.13M$32.04$41.0027.97%Strong Buy30.99%-11.54%2.36%2.10%
RYI
RYERSON HOLDING CORP
$725.51M$21.13$28.0032.51%Hold1N/AN/AN/AN/A
ESAB
ESAB CORP
$5.79B$95.81$113.5018.46%Strong Buy41.83%15.75%24.05%10.31%
HIHO
HIGHWAY HOLDINGS LTD
$8.99M$2.13N/AN/AN/AN/AN/AN/AN/AN/A
TRSG
TUNGRAY TECHNOLOGIES INC
$55.41M$3.41N/AN/AN/AN/AN/AN/AN/AN/A
TG
TREDEGAR CORP
$178.63M$5.18N/AN/AN/AN/AN/AN/AN/AN/A
GIFI
GULF ISLAND FABRICATION INC
$106.98M$6.57N/AN/AN/AN/AN/AN/AN/AN/A
TPCS
TECHPRECISION CORP
$30.63M$3.49N/AN/AN/AN/AN/AN/AN/AN/A
AP
AMPCO PITTSBURGH CORP
$30.99M$1.56N/AN/AN/AN/AN/AN/AN/AN/A
SGBX
SAFE & GREEN HOLDINGS CORP
$3.19M$2.37N/AN/AN/AN/AN/AN/AN/AN/A

Metal Fabrication Stocks FAQ

What are the best metal fabrication stocks to buy right now in Jul 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 25 points higher than the metal fabrication industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 17.39% over the past year, overperforming other metal fabrication stocks by 7 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 25 points higher than the metal fabrication industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 36.09% over the past year, overperforming other metal fabrication stocks by 26 percentage points.

3. Worthington Enterprises (NYSE:WOR)


Worthington Enterprises (NYSE:WOR) is the third best metal fabrication stock with a Zen Score of 51, which is 20 points higher than the metal fabrication industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Worthington Enterprises has seen its stock lose -33.08% over the past year, underperforming other metal fabrication stocks by -43 percentage points.

Worthington Enterprises has an average 1 year price target of $47.50, a downside of -0.73% from Worthington Enterprises's current stock price of $47.85.

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

1. Tredegar (NYSE:TG)


Tredegar (NYSE:TG) has an annual dividend yield of N/A, which is N/A percentage points lower than the metal fabrication industry average of 2.94%. Tredegar's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Tredegar's dividend has shown consistent growth over the last 10 years.

Tredegar's dividend payout ratio of -4.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Insteel Industries (NYSE:IIIN)


Insteel Industries (NYSE:IIIN) has an annual dividend yield of 8.22%, which is 5 percentage points higher than the metal fabrication industry average of 2.94%. 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 209.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Highway Holdings (NASDAQ:HIHO)


Highway Holdings (NASDAQ:HIHO) has an annual dividend yield of 4.69%, which is 2 percentage points higher than the metal fabrication industry average of 2.94%. 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.

Why are metal fabrication stocks up?

Metal fabrication stocks were up 1.14% in the last day, and up 5.37% 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 42 points higher than the metal fabrication industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 36.09% in the past year. It has overperformed other stocks in the metal fabrication industry by 26 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 71, which is 42 points higher than the metal fabrication industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Northwest Pipe Co's stock has gained 14.35% in the past year. It has overperformed other stocks in the metal fabrication industry by 4 percentage points.

3. Haynes International (NASDAQ:HAYN)


Haynes International (NASDAQ:HAYN) is the third most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Haynes International has a valuation score of 57, which is 28 points higher than the metal fabrication industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Haynes International's stock has gained 17.39% in the past year. It has overperformed other stocks in the metal fabrication industry by 7 percentage points.

Are metal fabrication stocks a good buy now?

66.67% of metal fabrication stocks rated by analysts are a strong buy right now. On average, analysts expect metal fabrication stocks to rise by 17.8% 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 21.73x.
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