Sectors & IndustriesIndustrials
Best Industrial Stocks to Buy Now (2024)
Top industrial stocks in 2024 ranked by overall Zen Score. See the best industrial stocks to buy now, according to analyst forecasts for the industrials sector.

Sector: Industrials

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
DECA	DENALI CAPITAL ACQUISITION CORP	United States	$55.11M	7,110,329	34.03%	14.35%
DHAC	DIGITAL HEALTH ACQUISITION CORP	United States	$41.81M	3,603,966	1.01%	80.88%
KRNL	KERNEL GROUP HOLDINGS INC	United States	$87.78M	8,128,091	76.78%	8.34%	Net Selling
QOMO	QOMOLANGMA ACQUISITION CORP	United States	$38.65M	3,575,635	18.58%	44.40%	Net Selling
WINV	WINVEST ACQUISITION CORP	United States	$44.92M	4,018,123	24.42%	70.06%	Net Selling
TRON	CORNER GROWTH ACQUISITION CORP 2	United States	$58.60M	5,077,561	13.60%	86.40%	Net Selling
ONYX	ONYX ACQUISITION CO I	United States	$88.75M	7,945,461	20.18%	79.82%	Net Selling	Net Selling
OSI	OSIRIS ACQUISITION CORP	United States	$95.18M	8,853,541	32.82%	25.72%
WTMA	WELSBACH TECHNOLOGY METALS ACQUISITION CORP	United States	$48.94M	4,456,827	48.55%	50.14%
HUDA	HUDSON ACQUISITION I CORP	United States	$52.74M	4,500,156	48.54%	0.00%
NOVV	NOVA VISION ACQUISITION CORP	Singapore	$39.55M	3,318,297	20.09%	79.91%	Net Selling
IGTA	INCEPTION GROWTH ACQUISITION LTD	United States	$62.28M	5,588,391	47.30%	26.28%
DUET	DUET ACQUISITION CORP	United States	$42.20M	3,829,586	86.79%	13.21%
IVCB	INVESTCORP EUROPE ACQUISITION CORP I	Cayman Islands	$228.93M	20,170,294	55.45%	42.76%
MAQC	MAQUIA CAPITAL ACQUISITION CORP	United States	$68.30M	6,174,989	12.22%	65.60%
FRLA	FORTUNE RISE ACQUISITION CORP	United States	$70.31M	6,271,798	43.44%	56.56%	Net Selling
TETE	TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP	United States	$75.97M	6,384,209	28.50%	71.50%
ARYD	ARYA SCIENCES ACQUISITION CORP IV	United States	$85.69M	7,536,516	47.88%	19.86%
BLUA	BLUERIVER ACQUISITION CORP	United States	$105.30M	9,555,210	18.64%	22.76%
HNRA	HNR ACQUISITION CORP	United States	$16.11M	7,035,131	7.20%	47.42%
CNGL	CANNA-GLOBAL ACQUISITION CORP	United States	$86.57M	7,722,657	12.12%	18.05%	Net Selling
JAN	JANONE INC	United States	$34.47M	8,976,379	3.46%	27.39%
CETU	CETUS CAPITAL ACQUISITION CORP	Taiwan	$40.37M	3,840,809	65.67%	34.33%
GAMC	GOLDEN ARROW MERGER CORP	United States	$85.65M	7,765,437	6.59%	0.00%
GATE	MARBLEGATE ACQUISITION CORP	United States	$123.84M	11,850,938	7.70%	11.48%
CLOE	CLOVER LEAF CAPITAL CORP	United States	$65.18M	5,320,507	15.13%	84.87%	Net Selling
CLRC	CLIMATEROCK	United Kingdom	$52.89M	4,664,012	47.41%	42.21%
CHAA	CATCHA INVESTMENT CORP	Malaysia	$112.21M	9,714,859	20.15%	0.00%	Net Selling
ZCAR	ZOOMCAR HOLDINGS INC	United States	$12.11M	39,711,059	1.01%	24.50%
IMAQ	INTERNATIONAL MEDIA ACQUISITION CORP	United States	$97.50M	8,500,164	13.23%	86.77%
PTWO	PONO CAPITAL TWO INC	United States	$67.81M	5,216,290	35.63%	52.27%	Net Buying	Net Buying
GPAC	GLOBAL PARTNER ACQUISITION CORP II	United States	$104.56M	9,294,585	28.27%	71.73%
MCAC	MONTEREY CAPITAL ACQUISITION CORP	United States	$108.83M	9,676,125	69.01%	0.00%
OCAX	OCA ACQUISITION CORP	United States	$73.83M	6,735,936	42.14%	6.01%	Net Selling
LATG	CHENGHE ACQUISITION I CO	United States	$81.56M	7,191,873	57.97%	14.71%
BREZ	BREEZE HOLDINGS ACQUISITION CORP	United States	$50.69M	4,299,276	16.47%	59.89%
FIAC	FOCUS IMPACT ACQUISITION CORP	United States	$82.59M	7,467,578	49.19%	50.81%
BLAC	BELLEVUE LIFE SCIENCES ACQUISITION CORP	United States	$60.28M	5,622,954	41.88%	58.12%
NCNC	NOCO-NOCO INC	Singapore	$23.56M	135,430,452	0.38%	2.98%
BRAC	BROAD CAPITAL ACQUISITION CORP	United States	$53.21M	4,708,560	73.47%	26.53%	Net Selling
FHLT	FUTURE HEALTH ESG CORP	United States	$70.94M	5,936,447	21.28%	78.72%
GTI	GRAPHJET TECHNOLOGY	Malaysia	$1.03B	144,163,075	0.63%	0.21%
BNIX	BANNIX ACQUISITION CORP	United States	$59.88M	5,463,613	51.33%	8.69%
HLXB	HELIX ACQUISITION CORP II	United States	N/A	19,225,000	0.00%	7.35%	Net Buying
NUVO	LAMF GLOBAL VENTURES CORP I	United States	$78.16M	33,261,549	8.84%	28.68%

Industrial Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Aerospace & Defense	72	-0.99%	-0.73%	+5.40%	+12.36%	22.50x	5.55x	+12.62%	+4.39%	+11.20%	+8.43%	Strong Buy
Airlines	18	+1.32%	-0.96%	+5.06%	+6.99%	15.96x	2.96x	+22.18%	+4.72%	+12.03%	+21.61%	Buy
Airports & Air Services	12	+0.34%	+1.73%	+12.76%	+5.57%	16.72x	4.91x	-11.04%	+5.29%	+11.02%	-10.40%	Strong Buy
Business Equipment & Supplies	5	+0.07%	+2.86%	+8.83%	+40.35%	19.49x	1.56x	+8.33%	+4.26%	+8.11%	+22.14%	Strong Buy
Conglomerates	20	+4.09%	+5.21%	+8.16%	-8.22%	16.06x	5.13x	-9.47%	+2.20%	+8.85%	+11.55%	Strong Buy
Consulting Services	14	-0.44%	+1.39%	+6.37%	+24.13%	31.55x	8.00x	+86.09%	+8.39%	+16.70%	+10.89%	Buy
Electrical Equipment & Parts	56	-0.96%	+0.12%	+3.19%	+29.73%	39.30x	4.39x	+17.15%	+5.74%	+9.51%	+9.96%	Buy
Engineering & Construction	42	-1.88%	+0.26%	+7.71%	+59.38%	-65.07x	4.02x	+11.62%	+5.16%	+13.22%	+6.63%	Strong Buy
Farm & Heavy Construction Machinery	27	-0.43%	+3.15%	-0.68%	+21.12%	13.24x	4.81x	+46.30%	+11.24%	+16.44%	+8.34%	Buy
Industrial Distribution	18	-0.44%	+0.86%	+2.11%	+33.21%	542.54x	6.84x	+34.00%	+15.32%	+27.82%	+6.77%	Strong Buy
Infrastructure Operations	2	+0.62%	+1.63%	+10.03%	+10.39%	52.88x	8.27x	+16.99%	+4.14%	+11.96%	-26.14%	Hold
Integrated Freight & Logistics	20	+0.45%	+1.58%	+1.24%	-7.41%	20.97x	4.13x	+24.32%	+7.80%	+14.92%	+10.66%	Buy
Marine Shipping	38	+0.77%	+5.76%	+12.62%	+52.65%	25.67x	1.09x	+6.39%	+4.10%	+6.69%	+11.60%	Strong Buy
Metal Fabrication	19	-1.20%	+0.31%	+5.85%	+33.11%	20.67x	3.13x	+17.27%	+8.67%	+14.36%	+12.66%	Buy
Pollution & Treatment Controls	16	-0.89%	+1.16%	+3.16%	+25.84%	12.84x	7.57x	+20.08%	+2.61%	+5.07%	+17.03%	Buy
Railroads	11	-0.71%	+1.66%	+2.05%	+23.19%	24.94x	4.65x	+27.06%	+7.76%	+10.45%	+8.89%	Buy
Rental & Leasing Services	23	+0.02%	+2.10%	+3.72%	+42.79%	16.28x	2.34x	+13.74%	+6.12%	+7.68%	+2.49%	Buy
Security & Protection Services	24	-0.93%	-1.21%	+0.57%	+22.18%	21.29x	3.04x	+25.05%	+8.37%	+15.08%	+12.33%	Buy
Shell Companies	200	-0.23%	-0.44%	-0.51%	+3.44%	12.24x	-13.64x	-26.08%	+1.23%	-2.37%	N/A
Specialty Business Services	39	-0.67%	+1.20%	+2.60%	+25.10%	34.21x	4.91x	+27.09%	+11.80%	+19.73%	+9.41%	Buy
Specialty Industrial Machinery	75	-0.97%	+0.45%	+1.82%	+30.04%	24.27x	5.16x	+22.12%	+8.74%	+16.30%	+10.32%	Buy
Staffing & Employment Services	26	+0.14%	+1.30%	-0.25%	+4.43%	27.78x	9.47x	+65.42%	+8.38%	+44.96%	+9.84%	Buy
Tools & Accessories	12	-0.99%	+1.71%	+0.90%	+8.36%	-32.55x	2.79x	+17.30%	+8.08%	+14.24%	+5.43%	Buy
Travel Services	19	-1.22%	+2.88%	+6.31%	+41.82%	27.65x	9.59x	-57.27%	+14.16%	+33.21%	+9.68%	Buy
Trucking	16	-1.30%	+1.77%	-17.15%	+29.49%	28.60x	3.72x	+19.91%	+12.89%	+19.08%	+25.21%	Buy
Waste Management	20	-0.32%	-0.20%	+2.39%	+19.66%	37.35x	5.84x	+20.29%	+5.45%	+9.74%	+8.71%	Buy

Industrial Stocks FAQ

What are the best industrial stocks to buy right now in May 2024?

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

1. Kanzhun (NASDAQ:BZ)

Kanzhun (NASDAQ:BZ) is the top industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 12.75% over the past year, underperforming other industrial stocks by -9 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 15% from Kanzhun's current stock price of $20.87.

Kanzhun stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Kanzhun, 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.

2. Danaos (NYSE:DAC)

Danaos (NYSE:DAC) is the second best industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 41.1% over the past year, overperforming other industrial stocks by 20 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 8.11% from Danaos's current stock price of $83.25.

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

3. Resources Connection (NASDAQ:RGP)

Resources Connection (NASDAQ:RGP) is the third best industrial stock with a Zen Score of 68, which is 43 points higher than the industrial sector average of 25. It passed 23 out of 38 due diligence checks and has strong fundamentals. Resources Connection has seen its stock lose -23.77% over the past year, underperforming other industrial stocks by -45 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 11.97% from Resources Connection's current stock price of $11.61.

Resources Connection stock has a consensus Hold 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, 100% 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 254 industrial stocks that have issued dividends in the past year, the 3 industrial stocks with the highest dividend yields are:

1. Zim Integrated Shipping Services (NYSE:ZIM)

Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.12%.

Zim Integrated Shipping Services's dividend payout ratio of -28.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Spirit Airlines (NYSE:SAVE)

Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 22.78%, which is 21 percentage points higher than the industrial sector average of 2.12%.

Spirit Airlines's dividend payout ratio of -22.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Diana Shipping (NYSE:DSX)

Diana Shipping (NYSE:DSX) has an annual dividend yield of 16.56%, which is 14 percentage points higher than the industrial sector average of 2.12%. Diana Shipping's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Diana Shipping's dividend has not shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 119.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are industrial stocks down?

Industrial stocks were down -0.36% in the last day, and up 1.26% over the last week. 1847 Holdings was the among the top losers in the industrials sector, dropping -29.82% yesterday.

1847 Holdings shares are trading lower after the company announced that it re-engaged Shareholder Intelligence Services to investigate potentially improper and illegal trading activity.

What are the most undervalued industrial stocks?

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

1. Encore Wire (NASDAQ:WIRE)

Encore Wire (NASDAQ:WIRE) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Encore Wire 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.

Encore Wire's stock has gained 69.06% in the past year. It has overperformed other stocks in the industrial sector by 48 percentage points.

2. Resources Connection (NASDAQ:RGP)

Resources Connection (NASDAQ:RGP) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection 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.

Resources Connection's stock has dropped -23.77% in the past year. It has underperformed other stocks in the industrial sector by -45 percentage points.

3. Energy Services Of America (NASDAQ:ESOA)

Energy Services Of America (NASDAQ:ESOA) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Energy Services Of America 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.

Energy Services Of America's stock has gained 175.69% in the past year. It has overperformed other stocks in the industrial sector by 154 percentage points.

Are industrial stocks a good buy now?

46.65% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 9.21% 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 40.18x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.