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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
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
DHAC
DIGITAL HEALTH ACQUISITION CORP
United States
$42.89M3,603,9661.01%80.88%
CETU
CETUS CAPITAL ACQUISITION CORP
Taiwan
$40.37M3,840,80965.67%34.33%
GATE
MARBLEGATE ACQUISITION CORP
United States
$123.25M11,850,9387.70%11.48%
CLOE
CLOVER LEAF CAPITAL CORP
United States
$64.38M5,320,50715.13%84.87%Net Selling
GPAC
GLOBAL PARTNER ACQUISITION CORP II
United States
$104.56M9,294,58528.27%71.73%
CNGL
CANNA-GLOBAL ACQUISITION CORP
United States
$86.26M7,722,65712.12%18.05%Net Selling
LATG
CHENGHE ACQUISITION I CO
United States
$81.27M7,191,87357.97%14.71%
DUET
DUET ACQUISITION CORP
United States
$42.13M3,829,58686.79%13.21%
WINV
WINVEST ACQUISITION CORP
United States
$45.12M4,018,12324.42%70.06%Net Selling
FIAC
FOCUS IMPACT ACQUISITION CORP
United States
$82.59M7,467,57849.19%50.81%
XFIN
EXCELFIN ACQUISITION CORP
United States
$87.63M7,951,53319.88%77.57%Net Buying
HUDA
HUDSON ACQUISITION I CORP
United States
$54.00M4,500,15648.54%0.00%
CCIXU
CHURCHILL CAPITAL CORP IX
United States
N/A31,900,0000.00%0.00%
HNRA
HNR ACQUISITION CORP
United States
$17.31M7,035,1317.20%47.42%
GTI
GRAPHJET TECHNOLOGY
Malaysia
$1.07B144,163,0750.63%0.21%
OCAX
OCA ACQUISITION CORP
United States
$73.83M6,735,93642.14%6.01%Net Selling
HLXB
HELIX ACQUISITION CORP II
United States
N/A19,225,0000.00%7.35%Net BuyingNet Buying
IGTA
INCEPTION GROWTH ACQUISITION LTD
United States
$61.99M5,588,39147.30%26.28%
QOMO
QOMOLANGMA ACQUISITION CORP
United States
$38.65M3,575,63518.58%44.40%Net Selling
ARYD
ARYA SCIENCES ACQUISITION CORP IV
United States
$85.54M7,536,51647.88%19.86%
BREZ
BREEZE HOLDINGS ACQUISITION CORP
United States
$50.30M4,299,27616.47%59.89%
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
United States
$97.50M8,500,16413.23%86.77%
BLAC
BELLEVUE LIFE SCIENCES ACQUISITION CORP
United States
$60.28M5,622,95441.88%58.12%
BNIX
BANNIX ACQUISITION CORP
United States
$59.72M5,463,61351.33%8.69%
AIB
AIB ACQUISITION CORP
United States
$42.44M3,612,02529.01%19.14%
FRLA
FORTUNE RISE ACQUISITION CORP
United States
$70.18M6,271,79843.44%56.56%Net Selling
PTWO
PONO CAPITAL TWO INC
United States
$69.12M5,216,29035.63%52.27%Net BuyingNet Buying
GAMC
GOLDEN ARROW MERGER CORP
United States
$83.56M7,765,4376.59%0.00%
JAN
JANONE INC
United States
$37.07M8,976,3793.46%27.39%
CVII
CHURCHILL CAPITAL CORP VII
United States
$981.57M91,564,26161.64%8.49%Net Selling
JVSA
JVSPAC ACQUISITION CORP
Hong Kong
$77.63M7,686,2500.00%6.05%
KRNL
KERNEL GROUP HOLDINGS INC
United States
$87.38M8,128,09176.78%8.34%Net Selling
MCAC
MONTEREY CAPITAL ACQUISITION CORP
United States
$108.66M9,676,12569.01%0.00%
LGVC
LAMF GLOBAL VENTURES CORP I
United States
$101.31M12,491,94923.53%76.36%
TRON
CORNER GROWTH ACQUISITION CORP 2
United States
$58.32M5,077,56113.60%86.40%Net Selling
NOVV
NOVA VISION ACQUISITION CORP
Singapore
$39.39M3,318,29720.09%79.91%Net Selling
MAQC
MAQUIA CAPITAL ACQUISITION CORP
United States
$68.30M6,174,98912.22%65.60%
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
United States
$75.91M6,384,20928.50%71.50%
OSI
OSIRIS ACQUISITION CORP
United States
$94.82M8,853,54132.82%25.72%
ONYX
ONYX ACQUISITION CO I
United States
$88.83M7,945,46120.18%79.82%Net SellingNet Selling
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
United States
$48.80M4,456,82748.55%50.14%
FHLT
FUTURE HEALTH ESG CORP
United States
$71.24M5,936,44721.28%78.72%
NCNC
NOCO-NOCO INC
Singapore
$28.03M135,430,4520.38%2.98%
BRAC
BROAD CAPITAL ACQUISITION CORP
United States
$53.21M4,708,56073.47%26.53%Net Selling
ZCAR
ZOOMCAR HOLDINGS INC
United States
$12.51M39,711,0591.01%24.50%

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72+1.12%+2.12%+3.00%+13.94%23.89x5.51x+12.59%+4.32%+10.95%+5.33%Buy
18+1.92%+1.84%+0.03%+9.92%16.26x3.01x+22.50%+4.83%+12.20%+20.89%Buy
12+0.81%-1.88%+4.26%+7.01%10.78x4.80x-0.20%+4.60%+11.52%-8.71%Strong Buy
5+0.56%+2.73%-0.15%+37.98%18.55x1.52x+8.72%+4.50%+8.53%+25.87%Strong Buy
20-0.70%-1.41%-0.29%-14.01%15.25x4.92x-10.56%+2.07%+8.50%+16.86%Strong Buy
14+2.40%+3.99%+1.19%+25.05%29.59x7.87x+86.06%+8.37%+16.69%+12.37%Buy
56+1.02%+0.44%+0.46%+31.53%39.85x4.38x+17.29%+5.78%+10.76%+9.84%Buy
41+3.07%+3.73%+2.66%+61.11%10.38x4.41x+12.25%+5.19%+13.19%+5.43%Strong Buy
27+0.97%-1.81%-7.31%+14.99%12.81x4.68x+46.07%+11.17%+16.25%+11.58%Buy
18+1.30%+1.36%-4.49%+32.41%541.04x6.78x+33.98%+15.30%+27.80%+7.86%Strong Buy
2+2.31%+7.96%+5.61%+8.89%51.83x8.11x+16.94%+4.13%+11.96%-24.70%Hold
20+0.04%+1.04%-4.40%-10.07%20.06x4.04x+24.31%+7.86%+14.99%+12.69%Buy
38-0.23%+1.62%+3.37%+43.83%15.97x1.03x+7.58%+4.53%+7.33%+16.51%Strong Buy
19+0.82%+3.87%+0.76%+32.21%20.30x3.13x+17.27%+8.66%+14.21%+10.58%Buy
16+1.81%-1.07%+1.35%+22.30%12.26x7.44x+19.81%+2.63%+5.08%+18.47%Buy
11-0.10%-0.55%-2.35%+21.77%24.71x4.58x+26.94%+7.75%+10.41%+10.53%Buy
23+1.82%-0.76%-3.53%+39.76%16.35x2.30x+14.09%+6.12%+7.64%+4.31%Buy
24+1.67%+0.48%-2.43%+26.87%19.90x3.02x+23.60%+8.09%+14.60%+14.01%Strong Buy
202+0.13%-0.42%-0.50%+4.29%8.96x-14.60x-28.78%+1.19%-1.56%N/A
39+0.90%+1.43%-1.60%+24.51%35.63x4.90x+26.96%+11.80%+19.68%+10.37%Buy
75+1.33%-0.02%-1.78%+27.91%30.24x5.16x+22.28%+8.71%+16.06%+10.26%Buy
26+0.47%-0.18%-4.56%+3.36%27.42x9.28x+66.73%+8.34%+44.90%+9.59%Buy
12+1.72%+1.61%-4.53%+5.37%-11.76x2.74x+17.38%+8.11%+14.28%+6.93%Buy
19+0.79%+1.67%-0.15%+37.21%30.62x9.65x-50.62%+14.40%+31.80%+12.66%Buy
16-0.49%-2.66%-21.24%+24.93%51.24x3.69x+20.54%+13.23%+19.51%+27.54%Buy
20+1.87%+2.26%+0.37%+22.69%36.99x5.80x+20.50%+5.43%+9.75%+8.20%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 47 points higher than the industrial sector average of 26. It passed 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 10.05% over the past year, underperforming other industrial stocks by -10 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 18.46% from Kanzhun's current stock price of $20.26.

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 47 points higher than the industrial sector average of 26. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 38.72% over the past year, overperforming other industrial stocks by 19 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 13.98% from Danaos's current stock price of $78.96.

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 42 points higher than the industrial sector average of 26. It passed 23 out of 38 due diligence checks and has strong fundamentals. Resources Connection has seen its stock lose -22.34% over the past year, underperforming other industrial stocks by -42 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 15.76% from Resources Connection's current stock price of $11.23.

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. Cnh Industrial Nv (NYSE:CNHI)


Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.17%. Cnh Industrial Nv's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Cnh Industrial Nv's dividend has shown consistent growth over the last 10 years.

Cnh Industrial Nv's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

2. 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 2.17%.

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

3. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 29.85%, which is 28 percentage points higher than the industrial sector average of 2.17%.

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

Why are industrial stocks up?

Industrial stocks were up 1.03% in the last day, and up 0.8% over the last week. Lilium Nv was the among the top gainers in the industrials sector, gaining 8.65% yesterday.

Lilium shares are trading higher after the company announced an order of 20 Jets from UrbanLink.

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 68.61% in the past year. It has overperformed other stocks in the industrial sector by 49 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 -22.34% in the past year. It has underperformed other stocks in the industrial sector by -42 percentage points.

3. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Stealthgas 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.

Stealthgas's stock has gained 137.5% in the past year. It has overperformed other stocks in the industrial sector by 118 percentage points.

Are industrial stocks a good buy now?

47.12% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 9.76% 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 44.85x.
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.