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Best Industrial Stocks to Buy Now (2023)
Top industrial stocks in 2023 ranked by overall Zen Score. See the best industrial stocks to buy now, according to analyst forecasts for the industrials sector.

Sector: Industrials
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
RGP
RESOURCES CONNECTION INC
NASDAQ
Consulting Services
$461.32M$13.69-1.23%$61.21M11.60x0.25
EMR
EMERSON ELECTRIC CO
NYSE
Specialty Industrial Machinery
$50.10B$87.90-0.10%$14.90B3.82x0.78
TAYD
TAYLOR DEVICES INC
NASDAQ
Specialty Industrial Machinery
$79.55M$22.590.18%$9.48M11.13x0.16
AGCO
AGCO CORP
NYSE
Farm & Heavy Construction Machinery
$8.45B$112.86-1.42%$1.85B7.31x1.61
WNC
WABASH NATIONAL CORP
NYSE
Farm & Heavy Construction Machinery
$990.42M$21.49-1.38%$352.94M4.59x1.68
DAC
DANAOS CORP
NYSE
Marine Shipping
$1.35B$69.32-0.20%$737.77M2.41x0.23
ASR
SOUTHEAST AIRPORT GROUP
NYSE
Airports & Air Services
$6.88B$229.47-0.66%$907.28M12.41x0.53
JBT
JOHN BEAN TECHNOLOGIES CORP
NYSE
Specialty Industrial Machinery
$3.34B$104.94-2.14%$700.10M27.69x0.96
KFRC
KFORCE INC
NASDAQ
Staffing & Employment Services
$1.34B$67.95-0.47%$82.50M24.98x1.07
CAT
CATERPILLAR INC
NYSE
Farm & Heavy Construction Machinery
$126.00B$247.500.04%$14.61B13.95x3.23
ASC
ARDMORE SHIPPING CORP
NYSE
Marine Shipping
$555.88M$13.46-3.03%$185.82M3.87x0.26
ESEA
EUROSEAS LTD
NASDAQ
Marine Shipping
$206.79M$29.971.11%$138.00M1.89x0.67
MLI
MUELLER INDUSTRIES INC
NYSE
Metal Fabrication
$4.61B$40.60-2.80%$888.86M7.26x0.19
ALGT
ALLEGIANT TRAVEL CO
NASDAQ
Airlines
$1.25B$68.030.37%$592.94M7.26x2.66
KMT
KENNAMETAL INC
NYSE
Tools & Accessories
$1.85B$23.190.69%$316.76M15.36x0.96
HAYN
HAYNES INTERNATIONAL INC
NASDAQ
Metal Fabrication
$634.51M$49.750.57%$78.07M15.03x0.63
ZTO
ZTO EXPRESS (CAYMAN) INC
NYSE
Integrated Freight & Logistics
$18.05B$22.370.22%N/A15.18x0.50
BWEN
BROADWIND INC
NASDAQ
Specialty Industrial Machinery
$46.90M$2.19-3.52%$13.09M12.17x2.03
KE
KIMBALL ELECTRONICS INC
NASDAQ
Electrical Equipment & Parts
$615.41M$24.77-1.86%$129.40M10.82x1.39
ASTE
ASTEC INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$705.83M$31.04-2.48%$62.20M39.79x0.69
SNCY
SUN COUNTRY AIRLINES HOLDINGS INC
NASDAQ
Airlines
$814.17M$15.040.27%$218.02M11.39x2.08
TEX
TEREX CORP
NYSE
Farm & Heavy Construction Machinery
$3.29B$48.84-1.99%$692.30M6.83x1.31
GSL
GLOBAL SHIP LEASE INC
NYSE
Marine Shipping
$628.77M$17.88-0.67%$429.49M2.11x0.92
WIRE
ENCORE WIRE CORP
NASDAQ
Electrical Equipment & Parts
$2.96B$187.33-4.43%$627.69M7.16x0.12
FDX
FEDEX CORP
NYSE
Integrated Freight & Logistics
$63.71B$253.41-0.07%$10.50B15.35x2.30
LUV
SOUTHWEST AIRLINES CO
NYSE
Airlines
$14.80B$24.821.55%$2.37B29.90x2.35
HI
HILLENBRAND INC
NYSE
Specialty Industrial Machinery
$2.67B$38.13-1.06%$875.80M4.67x2.38
TKR
TIMKEN CO
NYSE
Tools & Accessories
$5.08B$72.03-0.94%$874.10M11.99x1.47
ROK
ROCKWELL AUTOMATION INC
NYSE
Specialty Industrial Machinery
$30.88B$269.25-0.67%$2.10B22.38x2.12
ERII
ENERGY RECOVERY INC
NASDAQ
Pollution & Treatment Controls
$1.07B$18.931.12%$21.82M67.61x0.15
RHI
ROBERT HALF INC
NYSE
Staffing & Employment Services
$8.51B$80.37-1.31%$745.65M18.10x0.91
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$487.92M$5.14-2.65%$224.20M8.71x2.20
GTEC
GREENLAND TECHNOLOGIES HOLDING CORP
NASDAQ
Specialty Industrial Machinery
$28.68M$2.11-6.64%$5.74M16.23x1.01
FWRD
FORWARD AIR CORP
NASDAQ
Integrated Freight & Logistics
$1.63B$63.530.36%$213.67M15.50x0.79
CMI
CUMMINS INC
NYSE
Specialty Industrial Machinery
$31.72B$223.75-0.29%$4.92B11.33x1.92
GASS
STEALTHGAS INC
NASDAQ
Marine Shipping
$251.62M$6.74-0.30%$86.85M5.11x0.27
BBSI
BARRETT BUSINESS SERVICES INC
NASDAQ
Staffing & Employment Services
$713.61M$107.85-0.57%$79.77M15.34x2.82
HQI
HIREQUEST INC
NASDAQ
Staffing & Employment Services
$199.05M$14.32-6.10%$14.01M22.38x0.67
NSSC
NAPCO SECURITY TECHNOLOGIES INC
NASDAQ
Security & Protection Services
$1.07B$29.21-1.75%$40.24M31.07x0.19
GWW
WW GRAINGER INC
NYSE
Industrial Distribution
$38.47B$775.14-4.35%$2.73B21.51x1.54
UNF
UNIFIRST CORP
NYSE
Specialty Business Services
$3.22B$172.43-0.46%$260.07M29.88x0.28
LHX
L3HARRIS TECHNOLOGIES INC
NYSE
Aerospace & Defense
$35.84B$189.100.63%$3.18B24.21x1.27
TTC
TORO CO
NYSE
Tools & Accessories
$8.54B$82.28-1.74%$589.37M22.79x1.43
MAN
MANPOWERGROUP INC
NYSE
Staffing & Employment Services
$3.65B$74.79-1.36%$481.10M16.88x2.57
SNA
SNAP-ON INC
NYSE
Tools & Accessories
$14.30B$270.96-1.06%$1.41B14.42x0.51
ULCC
FRONTIER GROUP HOLDINGS INC
NASDAQ
Airlines
$870.99M$3.942.07%$147.00M12.71x8.12
PLPC
PREFORMED LINE PRODUCTS CO
NASDAQ
Electrical Equipment & Parts
$601.90M$123.00-3.16%$123.70M8.26x0.52
KELYA
KELLY SERVICES INC
NASDAQ
Staffing & Employment Services
$729.85M$20.69-1.34%$75.30M31.83x1.06
UPS
UNITED PARCEL SERVICE INC
NYSE
Integrated Freight & Logistics
$128.42B$150.740.77%$15.12B15.20x2.67
NDSN
NORDSON CORP
NASDAQ
Specialty Industrial Machinery
$13.21B$231.65-1.04%$775.81M26.47x0.63
ABM
ABM INDUSTRIES INC
NYSE
Specialty Business Services
$2.68B$40.830.22%$506.90M11.41x1.67
ABNB
AIRBNB INC
NASDAQ
Travel Services
$82.71B$127.56-1.12%$2.89B14.95x1.35
CODA
CODA OCTOPUS GROUP INC
NASDAQ
Aerospace & Defense
$66.82M$6.01-2.28%$5.23M15.82x0.04
CMCO
COLUMBUS MCKINNON CORP
NASDAQ
Farm & Heavy Construction Machinery
$996.06M$34.66-0.94%$157.76M19.58x1.14
BZ
KANZHUN LTD
NASDAQ
Staffing & Employment Services
$7.18B$16.50-4.79%N/A90.16x0.28
PAYX
PAYCHEX INC
NASDAQ
Staffing & Employment Services
$43.20B$119.580.53%$2.28B26.99x2.40
ADP
AUTOMATIC DATA PROCESSING INC
NASDAQ
Staffing & Employment Services
$94.18B$228.99-0.07%$5.37B27.07x13.20
DY
DYCOM INDUSTRIES INC
NYSE
Engineering & Construction
$2.95B$100.630.46%$530.13M13.44x1.53
BRC
BRADY CORP
NYSE
Security & Protection Services
$2.61B$54.06-0.11%$269.35M14.57x0.39
J
JACOBS SOLUTIONS INC
NYSE
Engineering & Construction
$15.63B$124.061.35%$1.34B23.32x1.23
IESC
IES HOLDINGS INC
NASDAQ
Engineering & Construction
$1.41B$70.05-2.88%$150.42M19.35x1.19
HII
HUNTINGTON INGALLS INDUSTRIES INC
NYSE
Aerospace & Defense
$9.40B$236.680.10%$1.13B17.84x1.85
STRL
STERLING INFRASTRUCTURE INC
NASDAQ
Engineering & Construction
$1.94B$62.94-3.12%$253.12M14.81x1.96
SXI
STANDEX INTERNATIONAL CORP
NYSE
Specialty Industrial Machinery
$1.58B$132.98-2.79%$198.51M11.24x0.65
DAL
DELTA AIR LINES INC
NYSE
Airlines
$23.19B$36.040.56%$7.42B6.77x6.94
CXT
CRANE NXT CO
NYSE
Specialty Industrial Machinery
$2.90B$51.05-1.96%$507.00M9.69x1.40
MNTX
MANITEX INTERNATIONAL INC
NASDAQ
Farm & Heavy Construction Machinery
$128.39M$6.330.00%$24.02M45.21x2.84
HY
HYSTER-YALE MATERIALS HANDLING INC
NYSE
Farm & Heavy Construction Machinery
$819.24M$47.67-2.32%$232.30M7.53x5.69
CRAI
CRA INTERNATIONAL INC
NASDAQ
Consulting Services
$653.75M$93.37-1.84%$77.36M18.53x1.59
ENR
ENERGIZER HOLDINGS INC
NYSE
Electrical Equipment & Parts
$2.23B$31.17-0.22%$467.10M15.82x20.40
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
NASDAQ
Marine Shipping
$335.02M$7.21-0.55%$87.14M7.92x1.08
NWPX
NORTHWEST PIPE CO
NASDAQ
Metal Fabrication
$260.37M$26.00-1.44%$52.24M11.02x0.76
HSII
HEIDRICK & STRUGGLES INTERNATIONAL INC
NASDAQ
Staffing & Employment Services
$542.70M$26.97-1.57%$91.46M9.70x1.37
HUBB
HUBBELL INC
NYSE
Electrical Equipment & Parts
$15.81B$294.92-1.89%$1.10B22.84x1.10
TITN
TITAN MACHINERY INC
NASDAQ
Industrial Distribution
$574.34M$25.12-3.50%$194.53M4.84x1.54
ARCB
ARCBEST CORP
NASDAQ
Trucking
$2.82B$119.26-1.61%$377.70M15.69x1.00
TH
TARGET HOSPITALITY CORP
NASDAQ
Specialty Business Services
$1.11B$10.87-0.46%$356.35M6.51x1.06
POWL
POWELL INDUSTRIES INC
NASDAQ
Electrical Equipment & Parts
$947.54M$79.89-5.88%$55.58M25.77x1.07
SEB
SEABOARD CORP
NYSEMKT
Conglomerates
$3.41B$3,513.74-0.47%$724.00M10.59x0.47
LECO
LINCOLN ELECTRIC HOLDINGS INC
NASDAQ
Tools & Accessories
$11.10B$193.97-1.52%$753.69M22.37x1.71
PCAR
PACCAR INC
NASDAQ
Farm & Heavy Construction Machinery
$47.57B$90.94-0.87%$6.56B11.60x1.37
ALLE
ALLEGION PLC
NYSE
Security & Protection Services
$9.14B$104.12-0.03%$826.10M16.45x2.40
AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC
NYSE
Industrial Distribution
$6.12B$157.81-3.57%$542.32M16.77x0.79
TNC
TENNANT CO
NYSE
Specialty Industrial Machinery
$1.62B$86.51-1.57%$190.90M15.64x0.94
OSK
OSHKOSH CORP
NYSE
Farm & Heavy Construction Machinery
$6.27B$95.87-1.26%$909.00M11.68x1.50
VRTV
VERITIV CORP
NYSE
Conglomerates
$2.31B$169.960.00%$423.80M8.43x1.13
BCO
BRINKS CO
NYSE
Security & Protection Services
$3.53B$78.27-0.61%$730.90M26.44x12.27
VMI
VALMONT INDUSTRIES INC
NYSE
Conglomerates
$4.28B$205.05-1.01%$415.37M28.09x1.28
CPA
COPA HOLDINGS SA
NYSE
Airlines
$3.68B$93.39-0.48%$743.57M10.88x2.14
FAST
FASTENAL CO
NASDAQ
Industrial Distribution
$34.23B$59.90-1.72%$1.69B30.10x0.33
DCI
DONALDSON CO INC
NYSE
Specialty Industrial Machinery
$7.13B$58.77-1.82%$580.20M19.92x1.10
MOG.A
MOOG INC
NYSE
Aerospace & Defense
$4.49B$140.80-1.70%$369.86M26.22x1.33
HSON
HUDSON GLOBAL INC
NASDAQ
Staffing & Employment Services
$44.48M$15.80-2.47%$4.79M31.60x0.30
BXC
BLUELINX HOLDINGS INC
NYSE
Industrial Distribution
$757.40M$86.39-2.68%$190.91M7.78x1.51
ARC
ARC DOCUMENT SOLUTIONS INC
NYSE
Specialty Business Services
$123.73M$2.88-0.69%$37.09M11.08x0.92
CHRW
C H ROBINSON WORLDWIDE INC
NASDAQ
Integrated Freight & Logistics
$9.61B$82.391.20%$671.16M24.52x2.79
AXON
AXON ENTERPRISE INC
NASDAQ
Aerospace & Defense
$17.02B$227.07-0.48%$169.34M114.11x1.14
CIX
COMPX INTERNATIONAL INC
NYSEMKT
Security & Protection Services
$290.85M$23.620.30%$31.20M14.06x0.11
FSS
FEDERAL SIGNAL CORP
NYSE
Pollution & Treatment Controls
$4.17B$68.45-2.20%$265.40M28.64x0.73
JBHT
HUNT J B TRANSPORT SERVICES INC
NASDAQ
Integrated Freight & Logistics
$18.63B$180.620.55%$1.88B24.08x1.08

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
70-0.73%-0.03%+8.87%+11.26%12.80x4.68x+13.84%+4.27%+10.30%+9.90%Strong Buy
19+0.27%+0.95%+13.49%-0.14%34.26x11.60x-24.87%+8.71%+24.53%+40.78%Buy
10+0.14%+2.86%+14.85%-6.45%12.94x3.87x+14.30%+4.61%+12.66%-13.40%Buy
5-0.92%-1.10%+9.99%+16.79%25.70x1.40x+6.11%+2.82%+6.61%+20.81%Strong Buy
21-0.41%+0.01%+0.90%-12.87%14.50x4.80x+2.74%+1.77%+4.34%+22.98%Buy
14-0.75%-0.26%+8.38%+11.87%45.22x7.40x+35.81%+5.89%+13.47%+14.52%Buy
51-2.26%-1.68%+4.06%+12.44%23.44x2.97x+11.47%+4.92%+19.47%+27.74%Buy
41-2.05%-0.74%+9.12%+20.28%40.69x3.30x+12.48%+5.12%+11.84%+19.55%Strong Buy
27-1.15%-2.06%+2.83%-6.89%11.83x3.86x+41.36%+10.00%+12.64%+24.79%Buy
18-2.82%-2.04%+7.76%+26.13%367.58x5.81x+37.38%+16.22%+28.46%+8.43%Buy
2-0.74%+2.37%+3.33%-5.58%36.66x6.50x+21.44%+4.23%+13.02%+12.62%Buy
20+0.11%-0.39%+5.24%-2.21%17.31x4.03x+30.28%+9.89%+18.52%+13.12%Buy
39-0.68%+1.76%+6.62%-5.41%11.64x0.77x+10.86%+5.42%+7.91%+24.36%Strong Buy
18-1.25%+1.11%+14.70%+24.51%16.32x2.48x+16.90%+8.36%+14.10%+10.08%Buy
16-1.07%-0.08%+12.86%+13.28%13.78x6.69x+2.88%+1.57%+2.84%+14.52%Buy
12+0.03%-0.74%+8.15%-3.74%21.11x4.26x+29.32%+8.00%+11.19%+13.92%Buy
23-1.39%-1.60%+8.06%+7.41%11.91x1.77x-7.36%+6.09%+7.74%+17.33%Buy
23-0.45%+1.53%+10.39%+5.83%64.96x2.73x+18.90%+5.31%+11.27%+15.92%Buy
297+0.03%-0.07%-0.07%+6.04%38.73x-14.32x-53.65%+0.79%+8.87%N/A
39-0.39%+0.68%+9.25%-2.32%34.10x4.39x+26.41%+11.05%+18.79%+7.56%Buy
73-1.32%-0.58%+8.07%+9.21%13.77x4.20x+26.65%+10.68%+18.82%+16.52%Buy
25-0.49%+0.38%+11.73%-24.39%29.66x9.71x+59.89%+8.92%+47.19%+7.35%Buy
13-1.08%-0.54%+6.92%+6.09%-37.87x2.56x+18.16%+8.25%+14.42%+13.94%Buy
17+0.19%-0.01%+13.59%+51.48%17.84x7.78x+326.68%+15.85%+30.65%+11.09%Buy
19-2.33%-2.72%+7.80%+33.93%0.33x3.62x+20.50%+14.38%+21.27%+9.99%Buy
19-1.07%-0.78%+5.90%+1.30%42.29x6.98x+13.93%+4.11%+7.82%+19.38%Strong Buy

Industrial Stocks FAQ

What are the best industrial stocks to buy right now in Nov 2023?

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

1. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the top industrial stock with a Zen Score of 64, which is 40 points higher than the industrial sector average of 24. It passed 23 out of 38 due diligence checks and has strong fundamentals. Resources Connection has seen its stock lose -28.36% over the past year, underperforming other industrial stocks by -36 percentage points.

Resources Connection has an average 1 year price target of $14.00, an upside of 2.26% from Resources Connection's current stock price of $13.69.

Resources Connection stock has a consensus Strong Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Resources Connection, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 100% have issued a Strong Sell.

2. Taylor Devices (NASDAQ:TAYD)


Taylor Devices (NASDAQ:TAYD) is the second best industrial stock with a Zen Score of 63, which is 39 points higher than the industrial sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Taylor Devices has seen its stock return 70.43% over the past year, overperforming other industrial stocks by 63 percentage points.

3. Emerson Electric Co (NYSE:EMR)


Emerson Electric Co (NYSE:EMR) is the third best industrial stock with a Zen Score of 63, which is 39 points higher than the industrial sector average of 24. It passed 23 out of 38 due diligence checks and has strong fundamentals. Emerson Electric Co has seen its stock lose -6.71% over the past year, underperforming other industrial stocks by -14 percentage points.

Emerson Electric Co has an average 1 year price target of $107.33, an upside of 22.11% from Emerson Electric Co's current stock price of $87.90.

Emerson Electric Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Emerson Electric Co, 66.67% have issued a Strong Buy rating, 8.33% 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 industrial stocks with highest dividends?

Out of 260 industrial stocks that have issued dividends in the past year, the 3 industrial stocks with the highest dividend yields are:

1. Vertiv Holdings Co (NYSE:VRT)


Vertiv Holdings Co (NYSE:VRT) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.68%.

Vertiv Holdings Co's dividend payout ratio of 1.5% indicates that its dividend yield is sustainable for the long-term.

2. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 17.86%, which is 15 percentage points higher than the industrial sector average of 2.68%. Diana Shipping's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Diana Shipping's dividend has shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 97.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. Sturm Ruger & Co (NYSE:RGR)


Sturm Ruger & Co (NYSE:RGR) has an annual dividend yield of 14.22%, which is 12 percentage points higher than the industrial sector average of 2.68%. Sturm Ruger & Co's dividend payout is not stable, having dropped more than 10% fifteen times in the last 10 years. Sturm Ruger & Co's dividend has not shown consistent growth over the last 10 years.

Sturm Ruger & Co's dividend payout ratio of 202.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are industrial stocks down?

Industrial stocks were down -0.93% in the last day, and down -0.45% over the last week.

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

What are the most undervalued industrial stocks?

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

1. Kimball Electronics (NASDAQ:KE)


Kimball Electronics (NASDAQ:KE) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Kimball Electronics has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Kimball Electronics's stock has gained 10.93% in the past year. It has overperformed other stocks in the industrial sector by 3 percentage points.

2. Allegiant Travel Co (NASDAQ:ALGT)


Allegiant Travel Co (NASDAQ:ALGT) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Allegiant Travel Co has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Allegiant Travel Co's stock has dropped -13.39% in the past year. It has underperformed other stocks in the industrial sector by -21 percentage points.

3. Capital Product Partners (NASDAQ:CPLP)


Capital Product Partners (NASDAQ:CPLP) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Capital Product Partners has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Capital Product Partners's stock has dropped -3.97% in the past year. It has underperformed other stocks in the industrial sector by -11 percentage points.

Are industrial stocks a good buy now?

41.75% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 14.18% over the next year.

What is the average p/e ratio of the industrials sector?

The average P/E ratio of the industrials sector is 32.78x.
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