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Best Metal Fabrication Stocks to Buy Now (2023)
Top metal fabrication stocks in 2023 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MLI
MUELLER INDUSTRIES INC
$4.14B1.58%9.50%$0.3000$1.1527%0
HAYN
HAYNES INTERNATIONAL INC
$582.74M1.92%24.40%$0.2200$0.8834%0
MEC
MAYVILLE ENGINEERING COMPANY INC
$223.91MN/A0.00%N/AN/AN/AN/A
IIIN
INSTEEL INDUSTRIES INC
$611.35M6.74%80.90%$0.0300$2.1285%62023-09-29
WOR
WORTHINGTON INDUSTRIES INC
$3.43B1.82%23.50%$0.3200$1.2532%02023-09-29
RYI
RYERSON HOLDING CORP
$982.84M2.42%20.20%$0.1825$0.6942%0
CRS
CARPENTER TECHNOLOGY CORP
$3.37B1.16%69.60%$0.2000$0.8019%0
NWPX
NORTHWEST PIPE CO
$308.24MN/A0.00%N/AN/AN/AN/A
GIFI
GULF ISLAND FABRICATION INC
$52.61MN/A0.00%$0.0100N/AN/A1
HIHO
HIGHWAY HOLDINGS LTD
$8.79M13.95%-428.60%$0.1000$0.3097%7
CMPO
COMPOSECURE INC
$511.15MN/A0.00%N/AN/AN/AN/A
ATI
ATI INC
$5.43BN/A0.00%$0.0800N/AN/A1
TG
TREDEGAR CORP
$178.11M7.53%-76.50%$0.1300$0.3988%1
PRLB
PROTO LABS INC
$674.31MN/A0.00%N/AN/AN/AN/A
TPCS
TECHPRECISION CORP
$64.95MN/A0.00%N/AN/AN/AN/A
SGBX
SAFE & GREEN HOLDINGS CORP
$22.58MN/A0.00%N/AN/AN/AN/A
AP
AMPCO PITTSBURGH CORP
$55.43MN/A0.00%$0.0900N/AN/A1
ESAB
ESAB CORP
$4.17BN/A6.10%$0.0500N/AN/A0

Metal Fabrication Stocks FAQ

What are the best metal fabrication stocks to buy right now in Sep 2023?

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 64, which is 30 points higher than the metal fabrication industry average of 34. It passed 23 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 23.44% over the past year, underperforming other metal fabrication stocks by -7 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 25 points higher than the metal fabrication industry average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 25.81% over the past year, underperforming other metal fabrication stocks by -5 percentage points.

3. Mayville Engineering Company (NYSE:MEC)


Mayville Engineering Company (NYSE:MEC) is the third best metal fabrication stock with a Zen Score of 56, which is 22 points higher than the metal fabrication industry average of 34. It passed 18 out of 33 due diligence checks and has strong fundamentals. Mayville Engineering Company has seen its stock return 58.44% over the past year, overperforming other metal fabrication stocks by 28 percentage points.

Mayville Engineering Company has an average 1 year price target of $18.50, an upside of 68.49% from Mayville Engineering Company's current stock price of $10.98.

Mayville Engineering Company stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Mayville Engineering Company, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% 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. Highway Holdings (NASDAQ:HIHO)


Highway Holdings (NASDAQ:HIHO) has an annual dividend yield of 13.95%, which is 9 percentage points higher than the metal fabrication industry average of 4.64%. Highway Holdings's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Highway Holdings's dividend has shown consistent growth over the last 10 years.

Highway Holdings's dividend payout ratio of -428.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Tredegar (NYSE:TG)


Tredegar (NYSE:TG) has an annual dividend yield of 7.53%, which is 3 percentage points higher than the metal fabrication industry average of 4.64%. Tredegar's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tredegar's dividend has shown consistent growth over the last 10 years.

Tredegar's dividend payout ratio of -76.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Insteel Industries (NYSE:IIIN)


Insteel Industries (NYSE:IIIN) has an annual dividend yield of 6.74%, which is 2 percentage points higher than the metal fabrication industry average of 4.64%. 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 80.9% indicates that its high dividend yield is sustainable for the long-term.

Why are metal fabrication stocks up?

Metal fabrication stocks were up 0.23% in the last day, and down -1.48% 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. Haynes International (NASDAQ:HAYN)


Haynes International (NASDAQ:HAYN) is the most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Haynes International has a valuation score of 71, which is 36 points higher than the metal fabrication industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Haynes International's stock has gained 25.81% in the past year. It has underperformed other stocks in the metal fabrication industry by -5 percentage points.

2. Ryerson Holding (NYSE:RYI)


Ryerson Holding (NYSE:RYI) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Ryerson Holding has a valuation score of 71, which is 36 points higher than the metal fabrication industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Ryerson Holding's stock has gained 10.6% in the past year. It has underperformed other stocks in the metal fabrication industry by -20 percentage points.

3. Mueller Industries (NYSE:MLI)


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 36 points higher than the metal fabrication industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 23.44% in the past year. It has underperformed other stocks in the metal fabrication industry by -7 percentage points.

Are metal fabrication stocks a good buy now?

62.5% of metal fabrication stocks rated by analysts are a strong buy right now. On average, analysts expect metal fabrication stocks to rise by 21.84% 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 19.59x.
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