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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MLI
MUELLER INDUSTRIES INC
$7.47B$3.40B$797.19M$550.48M$4.94-7.89%6.48%-14.83%43.56%2024-10-22
HAYN
HAYNES INTERNATIONAL INC
$762.63M$614.33M$71.65M$37.51M$2.947.18%4.93%-18.56%44.29%
CRS
CARPENTER TECHNOLOGY CORP
$6.60B$2.76B$397.20M$186.50M$3.758.21%3.00%226.09%1.62%2024-10-24
WOR
WORTHINGTON ENTERPRISES INC
$2.15B$1.25B$231.94M$110.62M$2.25-12.18%-19.82%-57.39%-3.44%2024-09-25
IIIN
INSTEEL INDUSTRIES INC
$608.43M$552.42M$41.46M$20.26M$1.05-21.04%3.56%-59.92%4.07%2024-10-17
MEC
MAYVILLE ENGINEERING COMPANY INC
$378.78M$631.70M$69.26M$10.68M$0.5115.61%6.34%-21.54%N/A2024-10-29
CMPO
COMPOSECURE INC
$965.71M$409.36M$61.00M$26.00M$1.204.71%N/A48.15%N/A2024-11-07
NWPX
NORTHWEST PIPE CO
$405.48M$471.61M$57.39M$25.12M$2.525.91%14.29%-9.35%-5.87%2024-10-31
MTEN
MINGTENG INTERNATIONAL CORP INC
$26.94M$8.23M$2.41M$1.51M$0.302.48%N/A-30.23%N/A
PRLB
PROTO LABS INC
$709.41M$509.27M$72.48M$24.75M$0.974.91%2.16%N/A-18.27%2024-11-01
ATI
ATI INC
$7.24B$4.23B$574.30M$412.70M$3.252.45%0.40%-17.51%17.52%2024-10-31
RYI
RYERSON HOLDING CORP
$602.28M$4.82B$193.70M$63.10M$1.86-13.57%-0.09%-43.12%-10.89%2024-10-28
ESAB
ESAB CORP
$5.68B$2.77B$472.96M$250.67M$4.132.91%N/A19.36%N/A2024-10-30
TRSG
TUNGRAY TECHNOLOGIES INC
$44.04M$14.36M$1.97M$915.42k$0.06-12.07%N/A-68.42%N/A
GIFI
GULF ISLAND FABRICATION INC
$90.34M$133.72M-$14.80M-$18.02M-$1.10-25.39%-12.32%N/AN/A2024-11-05
TPCS
TECHPRECISION CORP
$28.70M$30.50M-$544.01k-$2.92M-$0.33-3.15%12.85%N/AN/A2024-09-16
TG
TREDEGAR CORP
$206.72M$699.43M-$81.00M-$73.89M-$2.15-12.26%-4.20%N/AN/A2024-11-07
HIHO
HIGHWAY HOLDINGS LTD
$8.23M$6.32M-$362.00k-$959.00k-$0.22-38.28%-15.04%N/AN/A2024-10-21
AP
AMPCO PITTSBURGH CORP
$37.58M$431.53M-$13.56M-$41.73M-$2.146.50%1.29%N/AN/A
SGBX
SAFE & GREEN HOLDINGS CORP
$1.83M$8.19M-$16.96M-$25.74M-$28.89-56.50%3.79%N/AN/A

Metal Fabrication Stocks FAQ

What are the best metal fabrication stocks to buy right now in Sep 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 53, which is 24 points higher than the metal fabrication industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 76.46% over the past year, overperforming other metal fabrication stocks by 60 percentage points.

2. Haynes International (NASDAQ:HAYN)


Haynes International (NASDAQ:HAYN) is the second 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 19 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 21.66% over the past year, overperforming other metal fabrication stocks by 5 percentage points.

3. Carpenter Technology (NYSE:CRS)


Carpenter Technology (NYSE:CRS) is the third best metal fabrication stock with a Zen Score of 48, which is 19 points higher than the metal fabrication industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. Carpenter Technology has seen its stock return 112.2% over the past year, overperforming other metal fabrication stocks by 96 percentage points.

Carpenter Technology has an average 1 year price target of $139.60, an upside of 5.63% from Carpenter Technology's current stock price of $132.16.

Carpenter Technology stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Carpenter Technology, 80% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

What are the metal fabrication stocks with highest dividends?

Out of 6 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 8.37%, which is 5 percentage points higher than the metal fabrication industry average of 3.14%. 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 249.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ryerson Holding (NYSE:RYI)


Ryerson Holding (NYSE:RYI) has an annual dividend yield of 3.09%, which is the same as the metal fabrication industry average of 3.14%.

Ryerson Holding's dividend payout ratio of 29.8% indicates that its dividend yield is sustainable for the long-term.

3. Worthington Enterprises (NYSE:WOR)


Worthington Enterprises (NYSE:WOR) has an annual dividend yield of 2.23%, which is -1 percentage points lower than the metal fabrication industry average of 3.14%. Worthington Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Worthington Enterprises's dividend has not shown consistent growth over the last 10 years.

Worthington Enterprises's dividend payout ratio of 42.7% indicates that its dividend yield is sustainable for the long-term.

Why are metal fabrication stocks down?

Metal fabrication stocks were down -1.71% in the last day, and down -7.77% over the last week.

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

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. Northwest Pipe Co (NASDAQ:NWPX)


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 71, which is 45 points higher than the metal fabrication industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Northwest Pipe Co's stock has gained 26.02% in the past year. It has overperformed other stocks in the metal fabrication industry by 9 percentage points.

2. Mueller Industries (NYSE:MLI)


Mueller Industries (NYSE:MLI) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Mueller Industries has a valuation score of 71, which is 45 points higher than the metal fabrication industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 76.46% in the past year. It has overperformed other stocks in the metal fabrication industry by 60 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 43, which is 17 points higher than the metal fabrication industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Haynes International's stock has gained 21.66% in the past year. It has overperformed other stocks in the metal fabrication industry by 5 percentage points.

Are metal fabrication stocks a good buy now?

55.56% of metal fabrication stocks rated by analysts are a strong buy right now. On average, analysts expect metal fabrication stocks to rise by 20.33% 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 21.25x.
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