Sectors & IndustriesIndustrialsMetal Fabrication

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.

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

Haynes International (NASDAQ:HAYN) is the top metal fabrication stock with a Zen Score of 59, which is 31 points higher than the metal fabrication industry average of 28. It passed 22 out of 38 due diligence checks and has strong fundamentals. Haynes International has seen its stock return 19.98% over the past year, underperforming other metal fabrication stocks by -5 percentage points.

Mueller Industries (NYSE:MLI) is the second best metal fabrication stock with a Zen Score of 56, which is 28 points higher than the metal fabrication industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Mueller Industries has seen its stock return 53.45% over the past year, overperforming other metal fabrication stocks by 28 percentage points.

Worthington Enterprises (NYSE:WOR) is the third best metal fabrication stock with a Zen Score of 50, which is 22 points higher than the metal fabrication industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Worthington Enterprises has seen its stock lose -8.07% over the past year, underperforming other metal fabrication stocks by -33 percentage points.

Worthington Enterprises has an average 1 year price target of $60.00, an upside of 4.86% from Worthington Enterprises's current stock price of $57.22.

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.

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:

Insteel Industries (NYSE:IIIN) has an annual dividend yield of 7.95%, which is 5 percentage points higher than the metal fabrication industry average of 3.07%. 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.

Ryerson Holding (NYSE:RYI) has an annual dividend yield of 2.31%, which is -1 percentage points lower than the metal fabrication industry average of 3.07%.

Ryerson Holding's dividend payout ratio of 17.2% indicates that its dividend yield is sustainable for the long-term.

Worthington Enterprises (NYSE:WOR) has an annual dividend yield of 1.94%, which is -1 percentage points lower than the metal fabrication industry average of 3.07%. 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 shown consistent growth over the last 10 years.

Worthington Enterprises's dividend payout ratio of 19.9% indicates that its dividend yield is sustainable for the long-term.

Metal fabrication stocks were up 0.13% in the last day, and down -2.86% 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 41 points higher than the metal fabrication industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Mueller Industries's stock has gained 53.45% in the past year. It has overperformed other stocks in the metal fabrication industry by 28 percentage points.

Haynes International (NASDAQ:HAYN) is the second most undervalued metal fabrication stock based on WallStreetZen's Valuation Score. Haynes International has a valuation score of 57, which is 27 points higher than the metal fabrication industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Haynes International's stock has gained 19.98% in the past year. It has underperformed other stocks in the metal fabrication industry by -5 percentage points.

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 27 points higher than the metal fabrication industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Mayville Engineering Company's stock has gained 5.37% in the past year. It has underperformed other stocks in the metal fabrication industry by -20 percentage points.