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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)
SHYF
SHYFT GROUP INC
United States
$432.43M34,374,06581.93%18.07%Net BuyingNet Buying
JCSE
JE CLEANTECH HOLDINGS LTD
Singapore
$3.57M5,006,6660.00%0.00%
BYNO
BYNORDIC ACQUISITION CORP
Sweden
$114.89M10,276,27233.03%10.65%Net Selling
OESX
ORION ENERGY SYSTEMS INC
United States
$32.89M32,561,60147.26%50.67%Net Buying
TRU
TRANSUNION
United States
$15.09B194,200,00070.62%29.38%Net SellingNet Selling
TISI
TEAM INC
United States
$32.23M4,415,20132.75%67.25%Net BuyingNet Buying
ALPP
ALPINE 4 HOLDINGS INC
United States
$20.85M26,659,2024.11%95.89%
BA
BOEING CO
United States
$113.54B613,884,22463.67%1.33%Net SellingNet Selling
AULT
AULT ALLIANCE INC
United States
$11.58M30,065,3990.53%64.46%Net Buying
BECN
BEACON ROOFING SUPPLY INC
United States
$6.11B63,599,03178.28%21.72%Net SellingNet Selling
UGRO
URBAN-GRO INC
United States
$21.07M12,318,76120.95%48.70%Net BuyingNet Selling
SPCB
SUPERCOM LTD
Israel
$2.83M13,291,0282.39%45.94%
OP
OCEANPAL INC
Greece
$19.06M7,448,6010.39%0.00%
RDW
REDWIRE CORP
United States
$318.71M65,578,7246.60%93.40%Net Selling
HHS
HARTE HANKS INC
United States
$54.89M7,240,9059.14%90.86%Net BuyingNet Buying
CETY
CLEAN ENERGY TECHNOLOGIES INC
United States
$54.61M42,665,2480.61%0.00%
FREY
FREYR BATTERY INC
United States
$280.81M139,705,23434.47%26.32%Net BuyingNet Buying
DSGR
DISTRIBUTION SOLUTIONS GROUP INC
United States
$1.70B46,808,80142.83%57.17%Net BuyingNet Buying
FATH
FATHOM DIGITAL MANUFACTURING CORP
United States
$36.19M6,867,8001.04%98.96%Net SellingNet Selling
TBI
TRUEBLUE INC
United States
$341.46M30,569,64191.53%8.47%Net SellingNet Selling
UP
WHEELS UP EXPERIENCE INC
United States
$1.97B697,303,15945.11%54.89%Net SellingNet Selling
QRHC
QUEST RESOURCE HOLDING CORP
United States
$193.19M20,229,8213.92%96.08%Net BuyingNet Buying
FSTR
FOSTER L B CO
United States
$323.43M10,963,71144.34%55.66%Net SellingNet Selling
SHIP
SEANERGY MARITIME HOLDINGS CORP
Greece
$236.23M19,636,35211.09%14.00%
LGMK
LOGICMARK INC
United States
$1.82M2,196,6120.16%99.84%
SATL
SATELLOGIC INC
United States
$133.65M90,303,98518.71%0.66%
FWRD
FORWARD AIR CORP
United States
$377.54M26,438,42093.76%6.24%Net Buying
SFL
SFL CORP LTD
Bermuda
$1.93B137,467,07828.83%0.00%
EDRY
EURODRY LTD
Greece
$62.09M2,832,4173.70%0.00%
CXW
CORECIVIC INC
United States
$1.67B111,256,72884.12%8.76%Net SellingNet Selling
MRCY
MERCURY SYSTEMS INC
United States
$1.88B59,345,99873.86%26.14%Net BuyingNet Buying
GLLI
GLOBALINK INVESTMENT INC
United States
$67.16M6,007,56739.02%0.67%
TENK
TENX KEANE ACQUISITION
United States
$74.45M6,653,07754.98%45.02%
PPYA
PAPAYA GROWTH OPPORTUNITY CORP I
United States
$90.80M8,239,4044.71%95.29%
PWUP
POWERUP ACQUISITION CORP
United States
$107.89M8,991,22918.45%79.94%
CSLM
CSLM ACQUISITION CORP
Cayman Islands
$106.01M9,515,93646.60%0.00%
BV
BRIGHTVIEW HOLDINGS INC
United States
$1.28B94,500,00033.07%66.93%Net SellingNet Buying
VMCA
VALUENCE MERGER CORP I
United States
$134.35M11,713,20848.42%0.00%
PLAO
PATRIA LATIN AMERICAN OPPORTUNITY ACQUISITION CORP
United States
$257.76M22,630,48172.05%0.00%
AACT
ARES ACQUISITION CORP II
United States
$663.75M62,500,00073.73%0.00%
RENE
CARTESIAN GROWTH CORP II
United States
$242.80M21,620,55970.54%26.60%
DCO
DUCOMMUN INC
United States
$855.17M14,716,33880.17%10.19%Net SellingNet Selling
KBR
KBR INC
United States
$8.81B134,275,64145.04%54.96%Net SellingNet Selling
EOSE
EOS ENERGY ENTERPRISES INC
United States
$148.60M208,127,55039.64%13.96%Net SellingNet Buying
SBXC
SILVERBOX CORP III
United States
$181.99M17,250,00076.67%0.00%
NPAB
NEW PROVIDENCE ACQUISITION CORP II
United States
$125.20M11,517,87544.96%26.05%
BEST
BEST INC
China
$40.15M403,514,3990.26%0.00%
APG
API GROUP CORP
United States
$9.83B274,286,98173.12%21.30%Net SellingNet Buying
BLEU
BLEUACACIA LTD
United States
$80.77M7,555,4966.87%41.16%
INTE
INTEGRAL ACQUISITION CORP 1
United States
$44.56M4,073,34123.79%69.35%
GBBK
GLOBAL BLOCKCHAIN ACQUISITION CORP
United States
$77.84M7,191,88033.73%59.96%
ISRL
ISRAEL ACQUISITIONS CORP
United States
$140.31M12,813,78252.37%14.93%
DLHC
DLH HOLDINGS CORP
United States
$149.87M14,232,89138.51%61.49%Net BuyingNet Selling
HIHO
HIGHWAY HOLDINGS LTD
Hong Kong
$9.03M4,219,0004.49%8.11%
VVX
V2X INC
United States
$1.47B31,459,02043.97%56.03%Net SellingNet Selling
SKYH
SKY HARBOUR GROUP CORP
United States
$812.23M66,685,30413.94%86.06%
TRSG
TUNGRAY TECHNOLOGIES INC
Singapore
$92.79M16,250,0000.00%0.00%
SRFM
SURF AIR MOBILITY INC
United States
$32.38M83,035,2589.91%9.07%Net Buying
TUSK
MAMMOTH ENERGY SERVICES INC
United States
$180.03M48,008,31930.31%69.69%Net SellingNet Buying
MPU
MEGA MATRIX CORP
United States
$60.44M35,978,5814.96%7.84%
SMHI
SEACOR MARINE HOLDINGS INC
United States
$366.28M27,602,03255.38%17.59%Net SellingNet Selling
GEO
GEO GROUP INC
United States
$1.83B136,306,14677.22%1.85%Net SellingNet Selling
BKYI
BIO KEY INTERNATIONAL INC
United States
$1.30M762,8700.14%99.86%Net Buying
LLAP
TERRAN ORBITAL CORP
United States
$202.05M202,053,13833.12%49.37%Net Selling
DFLI
DRAGONFLY ENERGY HOLDINGS CORP
United States
$67.77M60,509,4767.82%72.33%
BW
BABCOCK & WILCOX ENTERPRISES INC
United States
$111.94M91,012,04523.73%76.27%Net BuyingNet Buying
PAL
PROFICIENT AUTO LOGISTICS INC
United States
N/A24,112,9650.00%21.07%Net BuyingNet Buying
MG
MISTRAS GROUP INC
United States
$259.50M30,966,97345.84%39.98%Net SellingNet Selling
FIP
FTAI INFRASTRUCTURE INC
United States
$827.79M101,693,82374.95%12.40%Net Buying
ARTW
ARTS WAY MANUFACTURING CO INC
United States
$9.58M5,068,2082.28%97.72%Net Buying
RAIL
FREIGHTCAR AMERICA INC
United States
$69.42M18,710,58630.67%53.73%Net BuyingNet Buying
ESGL
ESGL HOLDINGS LTD
Singapore
$16.10M22,998,03910.27%20.27%
MNTS
MOMENTUS INC
United States
$3.34M6,562,2211.37%98.63%Net SellingNet Selling
KWE
KWESST MICRO SYSTEMS INC
Canada
$2.58M7,587,70411.23%0.00%
JYD
JAYUD GLOBAL LOGISTICS LTD
China
$15.59M21,352,2230.42%0.00%
AMBI
AMBIPAR EMERGENCY RESPONSE
Brazil
$173.50M55,429,8511.08%0.09%
SABR
SABRE CORP
United States
$1.16B381,932,36568.21%31.79%Net BuyingNet Buying
PLMJ
PLUM ACQUISITION CORP III
United States
$244.34M22,644,90926.25%0.00%
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
United States
$2.25B120,286,62728.05%0.00%
FER
FERROVIAL SE
Netherlands
N/A726,309,0080.00%0.00%
FORR
FORRESTER RESEARCH INC
United States
$359.59M19,107,00053.66%41.31%Net SellingNet Selling
SST
SYSTEM1 INC
United States
$139.66M90,105,57410.25%89.75%Net BuyingNet Selling
EVEX
EVE HOLDING INC
United States
$1.48B269,365,7081.46%91.94%Net BuyingNet Buying
MCAG
MOUNTAIN CREST ACQUISITION CORP V
United States
$33.92M3,170,22110.24%89.76%
JVSA
JVSPAC ACQUISITION CORP
Hong Kong
$77.55M7,686,25062.93%6.05%
RRX
REGAL REXNORD CORP
United States
$10.62B66,518,76297.50%2.41%Net SellingNet Selling
IBAC
IB ACQUISITION CORP
United States
$157.10M15,749,09059.55%20.60%
ROCL
ROTH CH ACQUISITION V CO
United States
$64.08M5,847,01222.82%77.18%Net Selling
EVGR
EVERGREEN CORP
United States
$124.42M10,903,17052.15%47.85%
CHNR
CHINA NATURAL RESOURCES INC
Hong Kong
$9.37M9,865,7674.41%8.51%
BOWN
BOWEN ACQUISITION CORP
United States
$96.25M9,166,50067.87%22.34%
CCTG
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LTD
Hong Kong
$27.45M11,250,0000.00%0.00%
SHIM
SHIMMICK CORP
United States
$43.48M25,575,3448.54%86.78%Net Buying
APCA
AP ACQUISITION CORP
Cayman Islands
$178.01M15,615,03465.20%0.00%
OMEX
ODYSSEY MARINE EXPLORATION INC
United States
$82.13M20,431,12641.85%44.78%Net Selling
IPDN
PROFESSIONAL DIVERSITY NETWORK INC
United States
$11.02M11,676,8931.77%98.23%Net Selling
POLA
POLAR POWER INC
United States
$8.17M17,561,61218.79%35.44%
TGI
TRIUMPH GROUP INC
United States
$1.13B76,866,07492.24%7.76%Net SellingNet Selling
NNBR
NN INC
United States
$166.52M50,004,84561.85%30.11%Net BuyingNet Buying
APXI
APX ACQUISITION CORP I
Cayman Islands
$113.87M9,910,12451.86%17.86%

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
200-0.05%+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.