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:

Mueller Industries (NYSE:MLI) is the top metal fabrication stock with a Zen Score of 64, which is 28 points higher than the metal fabrication industry average of 36. It passed 24 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 24.29% over the past year, overperforming other metal fabrication stocks by 3 percentage points.

Mueller Industries has an average 1 year price target of $125.00, an upside of 81.77% from Mueller Industries's current stock price of $68.77.

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 second best metal fabrication stock with a Zen Score of 56, which is 20 points higher than the metal fabrication industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Insteel Industries has seen its stock lose -30.05% over the past year, underperforming other metal fabrication stocks by -51 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.

Ryerson Holding (NYSE:RYI) is the third best metal fabrication stock with a Zen Score of 50, which is 14 points higher than the metal fabrication industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ryerson Holding has seen its stock return 25.86% over the past year, overperforming other metal fabrication stocks by 5 percentage points.

Ryerson Holding has an average 1 year price target of $35.00, an upside of 18.68% from Ryerson Holding's current stock price of $29.49.

Ryerson Holding stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ryerson Holding, 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.

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 8.64%, which is 6 percentage points higher than the metal fabrication industry average of 2.28%. 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.

Carpenter Technology (NYSE:CRS) has an annual dividend yield of 1.95%, which is the same as the metal fabrication industry average of 2.28%. 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 -94.1% indicates that its dividend yield might not be sustainable for the long-term.

Ryerson Holding (NYSE:RYI) has an annual dividend yield of 1.81%, which is the same as the metal fabrication industry average of 2.28%.

Ryerson Holding's dividend payout ratio of 3.4% indicates that its dividend yield is sustainable for the long-term.

Metal fabrication stocks were up 2.81% in the last day, and up 1.24% over the last week.

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

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

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 34 points higher than the metal fabrication industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 24.29% in the past year. It has overperformed other stocks in the metal fabrication industry by 3 percentage points.

Insteel Industries (NYSE:IIIN) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Insteel Industries has a valuation score of 71, which is 34 points higher than the metal fabrication industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Insteel Industries's stock has dropped -30.05% in the past year. It has underperformed other stocks in the metal fabrication industry by -51 percentage points.

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 20 points higher than the metal fabrication industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Haynes International's stock has gained 24.68% in the past year. It has overperformed other stocks in the metal fabrication industry by 4 percentage points.