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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
BNIX
BANNIX ACQUISITION CORP
NASDAQ
Shell Companies
$59.77M$10.940.00%$573.51k-547.00x-1.21
GAMC
GOLDEN ARROW MERGER CORP
NASDAQ
Shell Companies
$84.41M$10.87-1.54%-$814.57k-108.70x-1.03
TRON
CORNER GROWTH ACQUISITION CORP 2
NASDAQ
Shell Companies
$61.95M$12.20-7.58%-$115.09k-305.00x-1.01
GLAC
GLOBAL LIGHTS ACQUISITION CORP
NASDAQ
Shell Companies
$91.95M$10.25-0.10%N/AN/A-1.05
IROH
IRON HORSE ACQUISITIONS CORP
NASDAQ
Shell Companies
$89.20M$10.060.10%N/AN/A-1.29
OSI
OSIRIS ACQUISITION CORP
NYSE
Shell Companies
$94.29M$10.650.00%-$2.23M-39.44x-1.01
RFAIU
RF ACQUISITION CORP II
NASDAQ
Shell Companies
N/A$10.05N/AN/AN/A-9.94
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
NASDAQ
Shell Companies
$227.82M$11.30-0.31%-$4.41M-75.30x-1.01
DUET
DUET ACQUISITION CORP
NASDAQ
Shell Companies
$42.20M$11.020.00%$376.33k78.71x-1.15
GTI
GRAPHJET TECHNOLOGY
NASDAQ
Electrical Equipment & Parts
$872.19M$6.05-0.98%-$1.88M-6.44x-3.43
OCAX
OCA ACQUISITION CORP
NASDAQ
Shell Companies
$74.50M$11.060.18%-$1.73M-42.54x-1.01
CCIXU
CHURCHILL CAPITAL CORP IX
NASDAQ
Shell Companies
N/A$10.110.10%-$18.96kN/A9.82
DHAC
DIGITAL HEALTH ACQUISITION CORP
NASDAQ
Shell Companies
$49.28M$13.682.05%-$1.31M-15.19x-1.01
MAQC
MAQUIA CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$68.11M$11.030.00%-$656.07k-78.79x-0.99
KRNL
KERNEL GROUP HOLDINGS INC
NASDAQ
Shell Companies
$89.00M$10.950.27%-$4.04M-27.38x-1.02
CNGL
CANNA-GLOBAL ACQUISITION CORP
NASDAQ
Shell Companies
$87.11M$11.280.00%-$140.00k-282.00x-1.02
KITT
NAUTICUS ROBOTICS INC
NASDAQ
Aerospace & Defense
$11.80M$0.190.53%-$28.96M-0.22x-1.75
CLRC
CLIMATEROCK
NASDAQ
Shell Companies
$51.85M$11.390.00%-$295.93k-20.71x-1.06
CLOE
CLOVER LEAF CAPITAL CORP
NASDAQ
Shell Companies
$65.18M$12.250.00%-$1.32M-51.04x-1.00
HUDA
HUDSON ACQUISITION I CORP
NASDAQ
Shell Companies
$56.66M$12.593.03%$696.44k-4.07x-1.13
JAN
JANONE INC
NASDAQ
Waste Management
$30.43M$3.39-2.87%-$18.70M-0.68x2.90
CETU
CETUS CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$40.79M$10.620.38%$307.15k1,062.00x-1.31
HNRA
HNR ACQUISITION CORP
NYSEMKT
Shell Companies
$16.18M$2.30-0.86%N/AN/A-25.04
BRAC
BROAD CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$53.11M$11.28-0.09%$142.52k-188.00x-1.07
MCAC
MONTEREY CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$106.47M$11.270.01%-$23.06M-4.99x-1.01
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
NASDAQ
Shell Companies
$48.18M$10.81-2.17%-$52.40k1,081.00x-1.02
CHAA
CATCHA INVESTMENT CORP
NYSEMKT
Shell Companies
$110.75M$11.400.00%-$2.42M-26.51x-1.00
WINV
WINVEST ACQUISITION CORP
NASDAQ
Shell Companies
$45.08M$11.220.18%-$1.01M-28.05x-1.04
FHLT
FUTURE HEALTH ESG CORP
NASDAQ
Shell Companies
$70.35M$11.853.95%$105.57k-1,185.00x-1.70
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
NASDAQ
Shell Companies
$75.97M$11.900.00%-$83.39k1,190.00x-1.00
XFIN
EXCELFIN ACQUISITION CORP
NASDAQ
Shell Companies
$80.91M$11.100.00%-$5.89M-18.20x-1.08
ZCAR
ZOOMCAR HOLDINGS INC
NASDAQ
Rental & Leasing Services
$9.73M$0.25-5.77%-$19.38M-0.16x-1.64
ARYD
ARYA SCIENCES ACQUISITION CORP IV
NASDAQ
Shell Companies
$85.92M$11.400.26%-$2.13M-51.82x-1.01
FRLA
FORTUNE RISE ACQUISITION CORP
NASDAQ
Shell Companies
$70.56M$11.250.00%-$963.78k-22.96x-1.01
GPAC
GLOBAL PARTNER ACQUISITION CORP II
NASDAQ
Shell Companies
$104.56M$11.250.00%-$3.23M-37.50x-1.01
CITE
CARTICA ACQUISITION CORP
NASDAQ
Shell Companies
$89.51M$11.190.00%$413.82k-74.60x-1.02
JWSM
JAWS MUSTANG ACQUISITION CORP
NYSEMKT
Shell Companies
$301.99M$11.070.09%-$4.25M-79.07x-1.03
MACA
MORINGA ACQUISITION CORP
NASDAQ
Shell Companies
$44.12M$11.400.00%-$250.34k-35.63x-1.01
BLUA
BLUERIVER ACQUISITION CORP
NYSEMKT
Shell Companies
$105.30M$11.02-0.27%-$6.80M-15.97x-1.02
FIAC
FOCUS IMPACT ACQUISITION CORP
NASDAQ
Shell Companies
$82.59M$11.060.00%$1.14MN/A-5.79
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
NASDAQ
Shell Companies
$97.92M$11.52-0.69%-$587.93k-128.00x-1.12
QOMO
QOMOLANGMA ACQUISITION CORP
NASDAQ
Shell Companies
$38.90M$10.88-1.09%$529.30k-4.33x-4.50
LATG
CHENGHE ACQUISITION I CO
NASDAQ
Shell Companies
$81.77M$11.370.18%-$2.10M-63.17x-1.02
AEAE
ALTENERGY ACQUISITION CORP
NASDAQ
Shell Companies
$77.86M$12.004.35%-$160.30k-85.71x-1.02

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72+0.29%-0.34%+5.69%+16.05%21.79x5.62x+12.28%+4.24%+8.49%+7.84%Strong Buy
20-0.57%+0.45%+2.08%+1.70%15.77x2.97x+22.14%+4.54%+11.73%+24.42%Buy
9-0.06%+1.85%+18.29%+8.96%16.73x4.95x-17.47%+5.55%+8.58%-12.95%Strong Buy
5-0.44%+1.15%+11.22%+43.59%19.74x1.59x+8.35%+4.27%+8.11%+21.22%Strong Buy
21+0.59%+4.32%+10.22%-9.46%16.07x5.24x-10.89%+2.23%+8.54%+12.48%Strong Buy
16+0.05%+0.67%+8.61%+24.64%32.44x8.09x+86.84%+8.45%+16.78%+10.18%Buy
53-0.77%-1.73%+4.45%+30.77%39.70x4.39x+14.69%+5.44%+4.87%+12.43%Buy
41-0.01%-2.45%+9.80%+58.60%-65.95x4.32x+11.70%+5.18%+13.19%+7.58%Strong Buy
26+0.25%-1.97%-0.67%+19.86%13.13x4.76x+46.42%+11.27%+16.59%+9.66%Buy
17+0.13%-0.80%+3.83%+31.44%533.60x6.69x+34.59%+15.76%+28.64%+7.38%Strong Buy
3-0.49%+5.20%+13.51%+8.86%53.40x1.01x+17.47%+4.17%+11.97%-26.82%Hold
22-0.77%-1.15%+3.17%-9.34%20.86x4.11x+24.24%+7.80%+15.01%+12.69%Buy
40+0.64%+2.97%+16.21%+52.40%23.32x1.12x+4.93%+3.39%+5.53%+10.74%Strong Buy
20-0.78%-0.60%+8.11%+33.20%22.49x3.29x+18.16%+9.02%+15.06%+9.87%Buy
17-0.30%-0.17%+4.48%+24.68%12.65x7.70x+19.43%+2.55%+4.89%+14.82%Buy
11-0.06%-0.50%+4.17%+23.59%24.95x4.63x+27.00%+7.76%+10.43%+8.68%Buy
23+0.51%-0.23%+6.85%+41.04%16.37x2.34x+14.54%+6.10%+7.59%+3.15%Buy
23+0.16%-0.33%+2.25%+22.72%21.22x3.04x+24.93%+8.29%+15.19%+11.70%Buy
199-0.05%+0.24%+0.42%+4.92%16.84x-14.96x-20.93%+0.46%+4.71%N/A
38+0.09%+0.06%+3.91%+25.32%34.51x4.94x+27.23%+11.83%+19.79%+8.62%Buy
76+0.06%-0.90%+2.63%+29.74%25.65x5.18x+23.08%+9.11%+17.05%+11.03%Buy
25+0.12%+1.26%+1.59%+5.83%28.32x9.61x+65.48%+8.35%+44.95%+7.93%Buy
12+2.01%+0.54%+3.96%+9.53%-32.28x2.80x+17.14%+8.04%+14.16%+3.96%Buy
18-0.57%-1.74%+6.86%+38.28%25.24x12.69x-56.30%+14.29%+32.93%+10.64%Buy
16-1.47%-2.30%-13.32%+27.82%28.68x3.70x+19.99%+12.96%+19.17%+26.35%Buy
20+0.19%+0.27%+4.10%+20.92%37.74x5.85x+20.21%+5.45%+9.73%+7.97%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 24.55% over the past year, overperforming other industrial stocks by 3 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 8.25% from Kanzhun's current stock price of $22.17.

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 37.49% over the past year, overperforming other industrial stocks by 16 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 5.7% from Danaos's current stock price of $85.15.

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 -24.32% 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 13.54% from Resources Connection's current stock price of $11.45.

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 2.08%.

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 26.32%, which is 24 percentage points higher than the industrial sector average of 2.08%.

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 16.67%, which is 15 percentage points higher than the industrial sector average of 2.08%. 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 up?

Industrial stocks were up 0.04% in the last day, and down -0.28% over the last week. Safe & Green Holdings was the among the top gainers in the industrials sector, gaining 36.66% yesterday.

Safe & Green Holdings shares are trading higher after the company reported a year-over-year increase in Q1 EPS results.

What are the most undervalued industrial stocks?

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

1. Spar Group (NASDAQ:SGRP)


Spar Group (NASDAQ:SGRP) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Spar Group 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.

Spar Group's stock has gained 78.5% in the past year. It has overperformed other stocks in the industrial sector by 57 percentage points.

2. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the second 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 69.42% in the past year. It has overperformed other stocks in the industrial sector by 48 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 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 -24.32% in the past year. It has underperformed other stocks in the industrial sector by -45 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 9.49% 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 38.71x.
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.