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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BLAC
BELLEVUE LIFE SCIENCES ACQUISITION CORP
NASDAQ
Shell Companies
$96.53M$10.660.00%$863.47k177.67x-1.29
BRAC
BROAD CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$52.92M$11.24-0.09%$142.52k-187.33x-1.07
BNIX
BANNIX ACQUISITION CORP
NASDAQ
Shell Companies
$59.77M$10.94-1.97%$573.51k-547.00x-1.21
FHLT
FUTURE HEALTH ESG CORP
NASDAQ
Shell Companies
$63.99M$10.780.00%$105.57k-1,078.00x-1.70
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
NASDAQ
Shell Companies
$74.63M$11.690.09%$179.62k389.67x-1.00
GPAC
GLOBAL PARTNER ACQUISITION CORP II
NASDAQ
Shell Companies
$104.84M$11.281.44%$139.00k1,128.00x-1.00
BREZ
BREEZE HOLDINGS ACQUISITION CORP
NASDAQ
Shell Companies
$50.69M$11.790.77%-$4.26M-15.12x-1.05
NOVV
NOVA VISION ACQUISITION CORP
NASDAQ
Shell Companies
$38.06M$11.470.00%$146.88k286.75x-1.04
INTE
INTEGRAL ACQUISITION CORP 1
NASDAQ
Shell Companies
$44.04M$10.810.00%$1.22M120.13x-1.09
GRDI
GRIID INFRASTRUCTURE INC
NASDAQ
Shell Companies
N/A$1.3228.16%-$46.47MN/A-1.35
OSI
OSIRIS ACQUISITION CORP
NYSE
Shell Companies
$93.85M$10.60-1.03%-$766.16k-44.17x-1.04
COOL
CORNER GROWTH ACQUISITION CORP
NASDAQ
Shell Companies
$112.69M$11.000.09%-$790.34k-50.00x-1.02
AVHI
ACHARI VENTURES HOLDINGS CORP I
NASDAQ
Shell Companies
$34.58M$11.020.00%-$2.06M-16.95x-1.00
SPEC
SPECTAIRE HOLDINGS INC
NASDAQ
Pollution & Treatment Controls
$10.94M$0.71-14.71%-$15.96M-0.35x-1.01
CLOE
CLOVER LEAF CAPITAL CORP
NASDAQ
Shell Companies
$63.85M$12.001.35%-$849.37k-66.67x-1.01
RACY
RELATIVITY ACQUISITION CORP
NASDAQ
Shell Companies
$54.04M$12.280.00%-$910.95k-26.13x-1.04
TRON
CORNER GROWTH ACQUISITION CORP 2
NASDAQ
Shell Companies
$74.52M$11.490.35%-$2.52M-47.88x-1.01
GAMC
GOLDEN ARROW MERGER CORP
NASDAQ
Shell Companies
$83.25M$10.720.00%-$814.57k-107.20x-1.03
CNGL
CANNA-GLOBAL ACQUISITION CORP
NASDAQ
Shell Companies
$99.54M$11.090.00%$311.07k369.50x-1.03
WINV
WINVEST ACQUISITION CORP
NASDAQ
Shell Companies
$46.41M$11.210.00%-$692.84k-53.38x-1.01
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
NASDAQ
Shell Companies
$96.05M$11.30-0.62%-$587.93k-125.56x-1.12
DHAC
DIGITAL HEALTH ACQUISITION CORP
NASDAQ
Shell Companies
$42.25M$11.790.68%-$2.08M-24.06x-1.03
ZCAR
ZOOMCAR HOLDINGS INC
NASDAQ
Rental & Leasing Services
$24.34M$0.615.33%-$19.38M-0.41x-1.64
BLUA
BLUERIVER ACQUISITION CORP
NYSEMKT
Shell Companies
$103.48M$10.830.00%-$5.28M-24.61x-1.02
WNNR
ANDRETTI ACQUISITION CORP
NYSE
Shell Companies
$185.57M$13.6032.04%-$792.00k-340.00x-1.01
DMYY
DMY SQUARED TECHNOLOGY GROUP INC
NYSEMKT
Shell Companies
$83.96M$10.630.00%N/A-23.11x-1.20
QOMO
QOMOLANGMA ACQUISITION CORP
NASDAQ
Shell Companies
$38.94M$10.890.00%$529.30k-4.34x-4.50
IROH
IRON HORSE ACQUISITIONS CORP
NASDAQ
Shell Companies
N/A$9.98-0.05%N/AN/A-2.97
FRLA
FORTUNE RISE ACQUISITION CORP
NASDAQ
Shell Companies
$69.74M$11.120.00%$1.46M-25.86x-1.03
KRNL
KERNEL GROUP HOLDINGS INC
NASDAQ
Shell Companies
$87.38M$10.750.00%-$6.12M-29.05x-1.02
PTWO
PONO CAPITAL TWO INC
NASDAQ
Shell Companies
$66.25M$12.700.00%$868.58k317.50x-1.11
XFIN
EXCELFIN ACQUISITION CORP
NASDAQ
Shell Companies
$86.91M$10.930.00%-$2.30M-49.68x-1.03
HOVR
NEW HORIZON AIRCRAFT LTD
NASDAQ
Aerospace & Defense
$40.06M$2.40-4.76%N/AN/A-2.61
DUET
DUET ACQUISITION CORP
NASDAQ
Shell Companies
$83.34M$10.98-0.18%$538.77k99.82x-2.06
HUDA
HUDSON ACQUISITION I CORP
NASDAQ
Shell Companies
$47.70M$10.60-0.09%$696.44k-3.43x-1.13
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
NASDAQ
Shell Companies
$48.71M$10.930.00%-$707.93k-156.14x-2.82
AIB
AIB ACQUISITION CORP
NASDAQ
Shell Companies
$41.79M$11.570.09%-$733.31k-22.69x-1.03
DECA
DENALI CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$57.74M$8.7512.15%-$55.73k-16.51x-1.00
MCAC
MONTEREY CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$107.31M$11.090.18%-$14.03M-8.40x-1.00
CETU
CETUS CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$40.71M$10.600.09%$307.15k1,060.00x-1.31
ARRW
ARROWROOT ACQUISITION CORP
NASDAQ
Shell Companies
$126.22M$10.850.00%-$2.22M-28.55x-1.03
MAQC
MAQUIA CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$67.55M$10.940.00%-$855.20k-68.38x-1.00
HNRA
HNR ACQUISITION CORP
NYSEMKT
Shell Companies
$20.07M$2.67-6.64%$209.26k-10.68x-1.18
MBTC
NOCTURNE ACQUISITION CORP
NASDAQ
Shell Companies
$59.44M$11.45-1.38%-$1.51M-40.89x-1.01
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
NASDAQ
Shell Companies
$311.40M$11.27-0.09%-$4.54M-66.29x-1.00
NCNC
NOCO-NOCO INC
NASDAQ
Electrical Equipment & Parts
$36.57M$0.274.65%-$16.79M-1.93x-1.19
CHAA
CATCHA INVESTMENT CORP
NYSEMKT
Shell Companies
$109.68M$11.29-1.05%-$2.42M-26.26x-1.00
ARYD
ARYA SCIENCES ACQUISITION CORP IV
NASDAQ
Shell Companies
$89.02M$11.23-0.27%-$1.62M-140.38x-1.02
TBMC
TRAILBLAZER MERGER CORP I
NASDAQ
Shell Companies
$95.58M$10.600.00%N/AN/A-1.91
LGVC
LAMF GLOBAL VENTURES CORP I
NASDAQ
Shell Companies
$123.55M$9.891.64%-$3.49M-58.18x-1.02
IGTA
INCEPTION GROWTH ACQUISITION LTD
NASDAQ
Shell Companies
$60.69M$10.86-0.18%$732.40k-43.44x-1.01
HLXB
HELIX ACQUISITION CORP II
NASDAQ
Shell Companies
N/A$10.400.85%-$41.69k-1,040.00x-6.24

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
71+0.12%+1.11%+4.10%+9.67%22.25x5.46x+11.96%+4.08%+11.07%+2.78%Buy
18+0.19%+2.10%+5.35%+19.59%15.01x2.90x+21.83%+4.57%+11.57%+16.53%Buy
12+0.49%+4.93%+9.90%-8.43%11.12x4.92x-7.95%+3.98%+7.61%-3.35%Strong Buy
5+0.30%+1.05%+3.98%+35.56%21.95x1.56x+7.77%+4.14%+7.91%+32.54%Buy
20+1.06%-0.94%-2.02%-13.41%14.88x5.29x-1.19%+2.07%+4.66%+14.61%Strong Buy
14+1.13%+0.96%+2.03%+25.31%35.38x8.14x+78.80%+7.09%+15.00%+10.51%Buy
55+1.20%+1.40%+5.73%+32.65%30.83x4.21x+19.35%+6.60%+18.64%+3.07%Buy
41+0.15%+0.78%+9.01%+59.25%34.45x4.33x+12.27%+5.12%+12.68%+4.01%Strong Buy
27+0.58%+3.11%+10.37%+19.62%14.78x5.09x+43.47%+10.57%+15.40%+0.72%Buy
18-0.67%-1.65%+6.36%+43.04%510.02x7.32x+35.46%+15.92%+28.30%+0.74%Strong Buy
2-0.66%+1.06%+12.15%+6.63%67.54x8.02x+12.98%+2.82%+10.74%-19.90%Hold
20+1.48%+2.80%+4.43%-1.61%19.52x4.21x+25.72%+8.41%+15.90%+4.94%Buy
39+0.47%+0.39%+3.19%+34.93%15.97x0.96x+8.03%+4.61%+7.31%+18.60%Strong Buy
19+0.68%+1.54%+8.67%+31.52%18.73x2.73x+17.76%+8.92%+13.83%+4.70%Buy
16+0.12%+2.01%+6.53%+25.46%29.57x7.43x+31.67%+11.80%+19.92%+10.91%Buy
11+0.42%-0.34%+1.37%+26.94%24.79x4.85x+28.21%+7.96%+10.63%+1.21%Buy
23+0.18%+1.47%+7.33%+39.90%16.33x2.44x+9.05%+6.31%+8.30%-3.39%Buy
24+0.35%+1.23%+7.37%+29.90%39.76x3.11x+19.85%+6.18%+13.14%+7.81%Buy
215+0.95%+0.69%+0.79%+4.97%43.11x-14.49x-53.74%+1.19%+8.69%+65.90%Strong Buy
39+0.37%+2.52%+5.24%+28.04%36.87x4.99x+26.69%+11.60%+19.74%+4.74%Buy
73+0.05%+0.35%+5.44%+33.50%27.46x5.34x+26.42%+9.72%+17.57%+3.11%Buy
25+0.58%+0.74%+3.04%+3.66%27.81x9.90x+67.25%+8.60%+45.32%+3.50%Buy
12-0.21%+0.79%+3.72%+13.06%3.88x2.93x+17.50%+8.02%+14.12%+0.37%Buy
17-1.12%-0.36%+4.46%+44.08%33.84x10.36x-168.02%+13.77%+29.37%+7.06%Buy
17+1.34%+0.04%+2.99%+57.18%55.29x4.41x+20.96%+13.86%+20.37%-0.20%Buy
19+0.03%+0.98%+5.49%+31.02%16.32x5.99x+19.52%+5.19%+9.52%+3.05%Buy

Industrial Stocks FAQ

What are the best industrial stocks to buy right now in Mar 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 lose -7.49% over the past year, underperforming other industrial stocks by -30 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 36.91% from Kanzhun's current stock price of $17.53.

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 36.1% over the past year, overperforming other industrial stocks by 14 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 24.65% from Danaos's current stock price of $72.20.

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. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the third best industrial stock with a Zen Score of 67, which is 41 points higher than the industrial sector average of 26. It passed 24 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 89.28% over the past year, overperforming other industrial stocks by 67 percentage points.

What are the industrial stocks with highest dividends?

Out of 258 industrial stocks that have issued dividends in the past year, the 3 industrial stocks with the highest dividend yields are:

1. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 22.73%, which is 20 percentage points higher than the industrial sector average of 2.35%.

Spirit Airlines's dividend payout ratio of -29.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 18.17%, which is 16 percentage points higher than the industrial sector average of 2.35%. 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 153.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Rev Group (NYSE:REVG)


Rev Group (NYSE:REVG) has an annual dividend yield of 14.71%, which is 12 percentage points higher than the industrial sector average of 2.35%. Rev Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Rev Group's dividend has not shown consistent growth over the last 10 years.

Rev Group's dividend payout ratio of 78.4% indicates that its high dividend yield is sustainable for the long-term.

Why are industrial stocks up?

Industrial stocks were up 0.26% in the last day, and up 0.65% over the last week. Andretti Acquisition was the among the top gainers in the industrials sector, gaining 32.04% yesterday.

Andretti Acquisition shares are trading higher after the company announced that it completed its business combination with Zapata Computing and will debut on the Nasdaq on April 1, 2024.

What are the most undervalued industrial stocks?

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

1. United Airlines Holdings (NASDAQ:UAL)


United Airlines Holdings (NASDAQ:UAL) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. United Airlines Holdings has a valuation score of 100, which is 76 points higher than the industrial sector average of 24. It passed 7 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has gained 12.9% in the past year. It has underperformed other stocks in the industrial sector by -10 percentage points.

2. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Stealthgas has a valuation score of 100, which is 76 points higher than the industrial sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 119.19% in the past year. It has overperformed other stocks in the industrial sector by 97 percentage points.

3. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection has a valuation score of 100, which is 76 points higher than the industrial sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Resources Connection's stock has dropped -23.22% in the past year. It has underperformed other stocks in the industrial sector by -46 percentage points.

Are industrial stocks a good buy now?

45.26% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 3.77% 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 44.66x.
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.