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)
EAF	GRAFTECH INTERNATIONAL LTD	United States	$462.90M	257,167,127	71.41%	28.59%	Net Selling	Net Buying
NNAG	99 ACQUISITION GROUP INC	United States	$104.73M	10,075,000	67.21%	0.00%
PUCK	GOAL ACQUISITIONS CORP	United States	$80.70M	7,500,419	2.79%	29.31%
HYAC	HAYMAKER ACQUISITION CORP 4	United States	$310.84M	29,547,600	64.44%	2.70%	Net Buying
ASCB	ASPAC II ACQUISITION CORP	Hong Kong	$81.06M	7,296,395	11.40%	88.60%
TG	TREDEGAR CORP	United States	$222.77M	34,484,893	58.48%	22.65%	Net Buying	Net Selling
KITT	NAUTICUS ROBOTICS INC	United States	$8.38M	62,089,911	2.53%	93.38%	Net Selling	Net Selling
OAKU	OAK WOODS ACQUISITION CORP	Canada (Federal Level)	$81.18M	7,530,625	71.23%	0.00%
PFTA	PERCEPTION CAPITAL CORP III	Canada	$111.57M	10,388,215	27.25%	0.00%
GLLI	GLOBALINK INVESTMENT INC	United States	$67.16M	6,007,567	38.02%	0.67%
CAPT	CAPTIVISION INC	United Kingdom	$146.06M	28,979,828	0.46%	0.00%
GWAV	GREENWAVE TECHNOLOGY SOLUTIONS INC	United States	$1.85M	44,065,475	2.70%	97.30%	Net Buying	Net Buying
FORL	FOUR LEAF ACQUISITION CORP	United States	$74.11M	6,830,460	72.49%	0.00%
IVCA	INVESTCORP INDIA ACQUISITION CORP	Cayman Islands	$183.23M	16,258,196	56.07%	0.00%
KACL	KAIROUS ACQUISITION CORP LTD	Malaysia	$43.36M	3,683,906	34.74%	65.26%	Net Selling
WAVS	WESTERN ACQUISITION VENTURES CORP	United States	$37.93M	3,525,267	4.16%	95.84%
DYCQ	DT CLOUD ACQUISITION CORP	United Kingdom	$91.06M	8,963,000	0.00%	19.25%
VATE	INNOVATE CORP	United States	$59.46M	85,192,032	21.39%	78.61%	Net Buying	Net Buying
AACI	ARMADA ACQUISITION CORP I	United States	$92.84M	8,072,849	5.91%	94.09%
BKHA	BLACK HAWK ACQUISITION CORP	United States	$90.46M	8,929,500	0.00%	19.32%
AFJK	AIMEI HEALTH TECHNOLOGY CO LTD	United States	$92.97M	9,026,000	61.10%	22.79%	Net Buying
IBAC	IB ACQUISITION CORP	United States	N/A	13,740,513	0.00%	23.61%
VCXB	10X CAPITAL VENTURE ACQUISITION CORP III	United States	$144.61M	13,194,282	15.30%	0.00%
AITR	AI TRANSPORTATION ACQUISITION CORP	Cayman Islands	$80.96M	7,837,750	56.45%	43.55%
NBST	NEWBURY STREET ACQUISITION CORP	United States	$63.61M	5,857,433	22.18%	77.82%
SMX	SMX (SECURITY MATTERS) PUBLIC LTD CO	Ireland	$2.52M	18,922,302	0.08%	0.00%
ZONE	CLEANCORE SOLUTIONS INC	United States	N/A	7,955,940	0.00%	45.94%	Net Buying	Net Buying
VLTO	VERALTO CORP	United States	$23.67B	246,846,767	87.27%	0.19%	Net Selling	Net Selling
LEGT	LEGATO MERGER CORP III	United States	$260.83M	25,799,375	0.00%	18.18%	Net Selling	Net Selling
GPAK	GAMER PAKISTAN INC	United States	$5.60M	25,579,319	0.10%	0.00%
GPATU	GP-ACT III ACQUISITION CORP	Cayman Islands	N/A	33,333,334	0.00%	0.00%
PGSS	PEGASUS DIGITAL MOBILITY ACQUISITION CORP	United States	$60.75M	10,125,017	43.09%	4.17%	Net Selling
EVTL	VERTICAL AEROSPACE LTD	United Kingdom	$157.31M	221,249,244	1.02%	1.86%
GLAC	GLOBAL LIGHTS ACQUISITION CORP	China	$92.04M	8,975,000	68.73%	23.12%
ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP	United States	$441.34M	43,125,000	70.88%	0.00%
PBI	PITNEY BOWES INC	United States	$935.52M	178,875,218	58.03%	11.86%	Net Selling	Net Selling
HOVR	NEW HORIZON AIRCRAFT LTD	Canada	$36.99M	18,220,436	31.17%	57.68%
RFAC	RF ACQUISITION CORP	Singapore	$63.90M	5,819,649	44.78%	0.00%
MNTN	EVEREST CONSOLIDATOR ACQUISITION CORP	United States	$131.68M	11,704,608	100.00%	0.00%
HSHP	HIMALAYA SHIPPING LTD	Bermuda	$383.69M	43,900,000	20.28%	0.00%
QETA	QUETTA ACQUISITION CORP	United States	$91.80M	8,947,045	61.36%	38.64%	Net Buying
LILM	LILIUM NV	Germany	$579.24M	526,579,207	3.73%	0.00%
QDRO	QUADRO ACQUISITION ONE CORP	United States	$86.42M	7,820,680	19.16%	80.84%
AEAE	ALTENERGY ACQUISITION CORP	United States	$82.29M	7,327,478	14.56%	75.06%
CMCA	CAPITALWORKS EMERGING MARKETS ACQUISITION CORP	Cayman Islands	$109.58M	9,998,396	23.55%	76.45%
GAQ	GENERATION ASIA I ACQUISITION LTD	China	$168.52M	15,182,229	53.68%	31.98%
PLMI	PLUM ACQUISITION CORP I	United States	$124.94M	11,236,002	28.48%	1.33%
TRTL	TORTOISEECOFIN ACQUISITION CORP III	United States	$281.16M	25,889,702	67.73%	0.00%
SCRM	SCREAMING EAGLE ACQUISITION CORP	United States	$365.72M	35,925,223	95.32%	4.68%	Net Selling	Net Selling
BOCN	BLUE OCEAN ACQUISITION CORP	United States	$121.00M	10,900,965	50.95%	17.39%
SEDA	SDCL EDGE ACQUISITION CORP	Cayman Islands	$200.49M	18,176,744	67.96%	22.01%
ACBA	ACE GLOBAL BUSINESS ACQUISITION LTD	China	$41.48M	3,431,179	40.36%	47.77%	Net Selling	Net Selling
CNDA	CONCORD ACQUISITION CORP II	United States	$229.82M	21,701,457	64.09%	7.37%	Net Selling
GTAC	GLOBAL TECHNOLOGY ACQUISITION CORP I	United States	$79.05M	7,089,996	18.83%	35.26%
DMYY	DMY SQUARED TECHNOLOGY GROUP INC	United States	$41.93M	3,918,336	100.00%	0.00%
IXAQ	IX ACQUISITION CORP	United States	$97.14M	8,596,071	33.47%	46.56%
GDST	GOLDENSTONE ACQUISITION LTD	United States	$75.90M	6,837,711	69.02%	18.61%
TLGY	TLGY ACQUISITION CORP	Cayman Islands	$201.12M	17,595,730	33.46%	0.00%
ZLS	ZALATORIS II ACQUISITION CORP	Brazil	$130.85M	12,004,957	53.61%	8.58%
CITE	CARTICA ACQUISITION CORP	United States	$111.44M	9,964,415	42.20%	47.67%
BFAC	BATTERY FUTURE ACQUISITION CORP	United States	$153.55M	13,795,599	56.44%	0.00%
BITE	BITE ACQUISITION CORP	United States	$69.59M	7,999,298	11.24%	88.76%
CDAQ	COMPASS DIGITAL ACQUISITION CORP	Cayman Islands	$113.35M	10,504,750	47.90%	13.20%
HSPO	HORIZON SPACE ACQUISITION I CORP	United States	$94.52M	8,647,971	58.68%	41.32%
PHYT	PYROPHYTE ACQUISITION CORP	United States	$159.10M	14,005,087	62.54%	35.92%
AOGO	AROGO CAPITAL ACQUISITION CORP	United States	$47.68M	4,349,909	38.98%	5.00%
ALCY	ALCHEMY INVESTMENTS ACQUISITION CORP 1	United States	$159.36M	14,970,500	73.24%	0.00%
AQU	AQUARON ACQUISITION CORP	United States	$49.81M	4,553,150	60.81%	31.57%
FTII	FUTURETECH II ACQUISITION CORP	United States	$65.87M	5,829,510	91.30%	8.70%
RRAC	RIGEL RESOURCE ACQUISITION CORP	United States	$361.27M	32,070,033	75.02%	0.00%
GRDI	GRIID INFRASTRUCTURE INC	United States	$51.50M	69,875,909	0.23%	64.32%	Net Selling	Net Selling
ATMC	ALPHATIME ACQUISITION CORP	United States	$75.75M	6,873,426	61.16%	38.84%
EMCG	EMBRACE CHANGE ACQUISITION CORP	United States	$83.44M	7,423,175	67.98%	29.93%
ADRT	AULT DISRUPTIVE TECHNOLOGIES CORP	United States	$37.95M	2,942,180	1.10%	98.90%
LCW	LEARN CW INVESTMENT CORP	United States	$165.44M	15,088,421	28.53%	71.47%	Net Selling
EVE	EVE MOBILITY ACQUISITION CORP	United States	$171.63M	15,603,171	37.46%	19.20%
TCOA	ZALATORIS ACQUISITION CORP	United States	$117.59M	10,670,618	57.90%	0.00%
FEXD	FINTECH ECOSYSTEM DEVELOPMENT CORP	United States	$78.99M	6,904,503	53.67%	7.00%	Net Selling
BACA	BERENSON ACQUISITION CORP I	United States	$82.85M	7,942,968	16.30%	75.03%
MITA	COLISEUM ACQUISITION CORP	United States	$71.70M	6,626,360	37.45%	39.61%
AIMAU	AIMFINITY INVESTMENT CORP I	United States	$73.79M	6,478,382	60.22%	7.59%
SLAM	SLAM CORP	United States	$259.62M	23,452,959	38.84%	29.72%
HCVI	HENNESSY CAPITAL INVESTMENT CORP VI	United States	$174.65M	16,633,232	79.07%	20.93%	Net Selling
HAIA	HEALTHCARE AI ACQUISITION CORP	United Kingdom	$59.73M	5,390,599	5.27%	94.73%
ATEK	ATHENA TECHNOLOGY ACQUISITION CORP II	United States	$135.13M	12,033,039	15.08%	84.92%
FLFV	FEUTUNE LIGHT ACQUISITION CORP	United States	$88.25M	7,986,118	50.91%	49.09%	Net Selling
RCFA	RCF ACQUISITION CORP	United States	$118.23M	10,527,671	43.88%	38.43%
RWOD	REDWOODS ACQUISITION CORP	United States	$10.61M	1,760,194	34.96%	65.04%
PEGR	PROJECT ENERGY REIMAGINED ACQUISITION CORP	United States	$160.93M	17,473,772	63.30%	31.03%
PLTN	PLUTONIAN ACQUISITION CORP	United States	$38.56M	5,000,767	60.28%	28.75%
IFIN	INFINT ACQUISITION CORP	United States	$121.67M	10,580,104	66.35%	19.66%	Net Selling	Net Selling
THCP	THUNDER BRIDGE CAPITAL PARTNERS IV INC	United States	$105.72M	10,078,337	27.19%	72.81%
MCAA	MOUNTAIN & CO I ACQUISITION CORP	Cayman Islands	$199.56M	17,263,065	51.61%	48.39%
INAQ	INSIGHT ACQUISITION CORP	United States	$81.49M	7,000,945	11.24%	0.00%
HHGC	HHG CAPITAL CORP	Singapore	$56.77M	5,050,561	4.00%	33.51%
JWSM	JAWS MUSTANG ACQUISITION CORP	United States	$301.17M	27,280,293	4.87%	94.21%
ACAC	ACRI CAPITAL ACQUISITION CORP	United States	$44.72M	3,971,634	33.76%	66.24%
XFIN	EXCELFIN ACQUISITION CORP	United States	$88.26M	7,951,533	19.88%	77.57%	Net Buying
CCIXU	CHURCHILL CAPITAL CORP IX	United States	N/A	31,900,000	0.00%	2.27%	Net Buying	Net Buying
CVII	CHURCHILL CAPITAL CORP VII	United States	$981.57M	91,564,261	61.64%	8.49%	Net Selling

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.