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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
KNX
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
$7.61B$47.07$54.8016.42%Buy108.14%278.85%N/AN/A
HTLD
HEARTLAND EXPRESS INC
$851.37M$10.77$12.0011.42%Sell31.62%210.35%N/AN/A
ALK
ALASKA AIR GROUP INC
$5.42B$42.68$52.8323.79%Strong Buy65.18%163.98%N/AN/A
AMPX
AMPRIUS TECHNOLOGIES INC
$200.60M$2.19$10.20365.75%Strong Buy5187.87%N/AN/AN/A
TRN
TRINITY INDUSTRIES INC
$2.49B$30.44$33.5010.05%Strong Buy2-1.40%N/AN/AN/A
HAYW
HAYWARD HOLDINGS INC
$3.04B$14.13$14.502.62%Hold35.73%107.36%N/AN/A
WLDN
WILLDAN GROUP INC
$432.34M$31.29$34.5010.26%Strong Buy2-0.03%N/AN/AN/A
AGX
ARGAN INC
$805.53M$60.84$70.0015.06%Strong Buy1N/AN/AN/AN/A
CAR
AVIS BUDGET GROUP INC
$4.12B$115.60$164.5742.36%Strong Buy71.34%-64.57%N/AN/A
GBX
GREENBRIER COMPANIES INC
$1.63B$52.23$64.0022.53%Strong Buy2-0.47%N/AN/AN/A
NCLH
NORWEGIAN CRUISE LINE HOLDINGS LTD
$6.81B$15.99$20.8030.08%Hold107.81%113.64%N/AN/A
VLRS
CONTROLADORA VUELA COMPANIA DE AVIACION SAB DE CV
$221.46M$8.42$11.7038.95%Strong Buy34.08%187.30%N/AN/A
RTX
RTX CORP
$134.81B$101.40$108.006.51%Buy98.32%104.48%N/AN/A
XOS
XOS INC
$57.74M$7.45$17.50134.90%Strong Buy395.74%N/A25.73%12.41%
BLNK
BLINK CHARGING CO
$307.02M$3.04$9.75220.72%Buy427.67%N/AN/AN/A
ACTG
ACACIA RESEARCH CORP
$501.48M$5.02$7.0039.44%Buy1N/AN/AN/AN/A
SYM
SYMBOTIC INC
$3.66B$41.13$54.0031.29%Strong Buy723.87%N/AN/AN/A
ULH
UNIVERSAL LOGISTICS HOLDINGS INC
$1.12B$42.53$46.008.16%Hold112.49%N/AN/AN/A
KRNT
KORNIT DIGITAL LTD
$763.51M$16.00$24.6754.17%Strong Buy39.88%N/AN/AN/A
RKLB
ROCKET LAB USA INC
$1.96B$4.00$6.0651.58%Strong Buy454.38%N/AN/AN/A
KELYA
KELLY SERVICES INC
$833.87M$23.63$26.0010.03%Buy1-16.30%N/AN/AN/A
IIIN
INSTEEL INDUSTRIES INC
$643.85M$33.06N/AN/AN/AN/A-2.72%N/AN/AN/A
CRS
CARPENTER TECHNOLOGY CORP
$5.14B$103.64$116.0011.93%Strong Buy12.11%-12.43%N/AN/A
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$345.74M$7.40N/AN/AN/AN/A1.86%N/AN/AN/A
FTEK
FUEL TECH INC
$37.98M$1.25$4.00220.00%Buy111.00%N/AN/AN/A
HNI
HNI CORP
$2.09B$44.19$54.0022.20%Strong Buy14.26%N/AN/AN/A
HSON
HUDSON GLOBAL INC
$46.37M$16.47N/AN/AN/AN/A0.42%N/AN/AN/A
HQI
HIREQUEST INC
$174.72M$12.48$21.0068.27%Strong Buy2-3.01%N/AN/AN/A
ACA
ARCOSA INC
$4.15B$85.33$92.508.40%Strong Buy27.09%N/A6.14%3.97%
KTOS
KRATOS DEFENSE & SECURITY SOLUTIONS INC
$2.41B$18.54$22.8323.16%Buy69.44%N/AN/AN/A
GSL
GLOBAL SHIP LEASE INC
$814.26M$23.14$25.008.04%Strong Buy10.19%N/AN/AN/A
EVI
EVI INDUSTRIES INC
$288.97M$22.80N/AN/AN/AN/AN/AN/AN/AN/A
IVAC
INTEVAC INC
$113.25M$4.26N/AN/AN/AN/AN/AN/AN/AN/A
FC
FRANKLIN COVEY CO
$524.40M$39.53$66.3367.80%Strong Buy39.21%N/AN/AN/A
CODA
CODA OCTOPUS GROUP INC
$74.86M$6.70N/AN/AN/AN/AN/AN/AN/AN/A
HLIO
HELIOS TECHNOLOGIES INC
$1.59B$48.05N/AN/AN/AN/A5.09%66.80%N/AN/A
CAE
CAE INC
$6.52B$20.47$30.5049.00%Strong Buy25.64%35.16%N/AN/A
MEG
MONTROSE ENVIRONMENTAL GROUP INC
$1.35B$44.51$47.005.59%Strong Buy412.64%N/AN/AN/A
BLDE
BLADE AIR MOBILITY INC
$268.54M$3.56N/AN/AN/AN/A5.31%N/AN/AN/A
SLDP
SOLID POWER INC
$329.59M$1.82$3.67101.48%Buy314.28%N/AN/AN/A
SVII
SPRING VALLEY ACQUISITION CORP II
$247.79M$11.05N/AN/AN/AN/AN/AN/AN/AN/A
CRGO
FREIGHTOS LTD
$131.23M$2.74N/AN/AN/AN/A22.57%N/AN/AN/A
GATX
GATX CORP
$4.56B$127.98$131.002.36%Buy212.51%N/AN/AN/A
HI
HILLENBRAND INC
$2.98B$42.44$61.0043.73%Strong Buy19.05%N/AN/AN/A
PRLB
PROTO LABS INC
$787.08M$31.09N/AN/AN/AN/A1.11%N/AN/AN/A
WCN
WASTE CONNECTIONS INC
$42.36B$164.18$178.158.51%Strong Buy137.34%38.31%N/AN/A
EXPO
EXPONENT INC
$4.78B$94.33$100.006.01%Strong Buy1-5.68%N/AN/AN/A
AMSC
AMERICAN SUPERCONDUCTOR CORP
$410.94M$13.37$15.0012.19%Strong Buy110.94%N/AN/AN/A
NSC
NORFOLK SOUTHERN CORP
$53.21B$235.55$265.3112.64%Buy164.08%72.27%N/AN/A
MDU
MDU RESOURCES GROUP INC
$5.11B$25.06N/AN/AN/AN/AN/AN/AN/AN/A
DXPE
DXP ENTERPRISES INC
$846.72M$52.33N/AN/AN/AN/AN/AN/AN/AN/A
OTIS
OTIS WORLDWIDE CORP
$37.25B$92.12$98.336.74%Buy63.82%N/AN/AN/A
SUGP
SU GROUP HOLDINGS LTD
$26.76M$2.23N/AN/AN/AN/AN/AN/AN/AN/A
URI
UNITED RENTALS INC
$44.39B$666.66$627.73-5.84%Buy114.34%7.58%N/AN/A
CRESY
CRESUD INC
$579.74M$9.77N/AN/AN/AN/AN/AN/AN/AN/A
NPWR
NET POWER INC
$2.36B$11.06$13.0017.54%Hold1291.49%N/AN/AN/A
TRIP
TRIPADVISOR INC
$3.56B$25.79$27.275.75%Buy117.37%196.25%N/AN/A
PFMT
PERFORMANT FINANCIAL CORP
$213.84M$2.78N/AN/AN/AN/AN/AN/AN/AN/A
RYI
RYERSON HOLDING CORP
$784.23M$22.84$28.0022.59%Hold1N/AN/AN/AN/A
BCO
BRINKS CO
$4.02B$90.58$106.5017.58%Strong Buy25.47%N/AN/AN/A
GLDD
GREAT LAKES DREDGE & DOCK CORP
$463.70M$6.96N/AN/AN/AN/A22.93%N/AN/AN/A
CDRE
CADRE HOLDINGS INC
$1.29B$34.19$41.2520.65%Strong Buy412.13%N/AN/AN/A
HEI
HEICO CORP
$29.24B$211.36$212.600.59%Buy510.63%0.00%N/AN/A
JOBY
JOBY AVIATION INC
$3.78B$5.38$7.5039.41%Buy2374.68%N/AN/AN/A
RDW
REDWIRE CORP
$274.77M$4.19$5.0019.33%Strong Buy117.93%N/AN/AN/A
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
$29.58M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
SHPW
SHAPEWAYS HOLDINGS INC
$10.20M$1.54$3.0094.55%Buy1222.69%N/A82.87%57.20%
CMCO
COLUMBUS MCKINNON CORP
$1.22B$42.56$50.0017.48%Strong Buy14.64%N/AN/AN/A
TWIN
TWIN DISC INC
$225.05M$16.08N/AN/AN/AN/AN/AN/AN/AN/A
MARX
MARS ACQUISITION CORP
$100.17M$10.78N/AN/AN/AN/AN/AN/AN/AN/A
TOMZ
TOMI ENVIRONMENTAL SOLUTIONS INC
$11.33M$0.57$3.50516.20%Buy161.36%N/AN/AN/A
IVDA
IVEDA SOLUTIONS INC
$14.10M$0.87N/AN/AN/AN/AN/AN/AN/AN/A
POWW
AMMO INC
$301.40M$2.54N/AN/AN/AN/A6.93%N/AN/AN/A
TTEK
TETRA TECH INC
$11.11B$207.75$221.506.62%Strong Buy4-14.33%2.41%N/AN/A
MTW
MANITOWOC CO INC
$436.25M$12.43$14.3315.31%Sell33.21%-34.53%N/AN/A
SKYW
SKYWEST INC
$3.03B$75.33$67.67-10.17%Buy39.40%11.09%N/AN/A
PRIM
PRIMORIS SERVICES CORP
$2.53B$47.30$53.6713.46%Strong Buy3N/AN/A14.01%4.52%
SKYX
SKYX PLATFORMS CORP
$103.65M$1.07$5.00367.29%Strong Buy260.07%N/AN/AN/A
AIR
AAR CORP
$2.48B$69.92$81.2516.20%Strong Buy48.95%64.59%N/AN/A
HAFN
HAFNIA LTD
N/A$7.88$10.0026.90%Strong Buy1-30.38%N/AN/AN/A
GTES
GATES INDUSTRIAL CORP PLC
$4.23B$16.18$19.6321.29%Buy82.60%N/AN/AN/A
ENVX
ENOVIX CORP
$1.70B$10.09$19.0088.31%Strong Buy6239.82%N/AN/AN/A
XPO
XPO INC
$13.09B$112.56$130.6216.04%Strong Buy135.92%110.60%N/AN/A
EVLV
EVOLV TECHNOLOGIES HOLDINGS INC
$590.47M$3.88$7.0080.41%Strong Buy242.90%N/AN/AN/A
MMM
3M CO
$53.76B$97.15$101.884.86%Hold8-12.67%N/A93.84%8.27%
ADT
ADT INC
$6.08B$6.68$7.6514.52%Hold2-1.92%-43.05%N/AN/A
NKLA
NIKOLA CORP
$877.50M$0.66$1.50128.31%Buy2254.56%N/AN/AN/A
CVV
CVD EQUIPMENT CORP
$30.37M$4.45N/AN/AN/AN/AN/AN/AN/AN/A
CBZ
CBIZ INC
$3.66B$73.10$63.00-13.82%Hold15.48%N/AN/AN/A
ACAB
ATLANTIC COASTAL ACQUISITION CORP II
$87.96M$10.77N/AN/AN/AN/AN/AN/AN/AN/A
PNR
PENTAIR PLC
$13.22B$79.61$92.6216.34%Strong Buy134.02%7.82%N/AN/A
ARQ
ARQ INC
$264.91M$7.97N/AN/AN/AN/A16.74%N/AN/AN/A
GLBS
GLOBUS MARITIME LTD
$38.69M$1.88N/AN/AN/AN/AN/AN/AN/AN/A
FERG
FERGUSON PLC
$44.04B$217.17$224.293.28%Strong Buy74.07%935.42%N/AN/A
TDG
TRANSDIGM GROUP INC
$71.94B$1,293.80$1.27k-1.99%Strong Buy109.42%-0.94%N/AN/A
LTBR
LIGHTBRIDGE CORP
$35.69M$2.56N/AN/AN/AN/AN/AN/AN/AN/A
BE
BLOOM ENERGY CORP
$2.65B$11.80$15.8634.38%Buy1420.19%N/AN/AN/A
RBA
RB GLOBAL INC
$13.22B$72.24$91.0025.97%Buy215.24%N/AN/AN/A
AVAV
AEROVIRONMENT INC
$4.75B$168.77$157.00-6.97%Buy310.82%N/AN/AN/A
FLUX
FLUX POWER HOLDINGS INC
$81.17M$4.91$10.00103.67%Strong Buy222.38%N/AN/AN/A

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72+0.77%+1.71%+2.71%+11.62%23.40x5.47x+12.66%+4.32%+10.98%+6.14%Buy
18+0.43%+0.26%-1.18%+5.85%15.79x2.92x+22.54%+4.87%+12.27%+23.23%Buy
12+0.70%-1.96%+6.18%+5.63%10.80x4.73x+1.63%+4.86%+12.10%-7.99%Strong Buy
5+1.33%+3.42%-1.33%+41.87%18.57x1.50x+8.72%+4.50%+8.53%+26.64%Strong Buy
20-1.16%+1.46%+2.17%-13.49%15.23x4.94x-10.64%+2.03%+8.76%+16.88%Strong Buy
14+0.84%+2.32%-1.71%+20.87%29.23x7.68x+86.40%+8.40%+16.73%+15.11%Buy
56+1.30%-0.24%-0.84%+32.48%37.95x4.29x+17.34%+5.76%+10.60%+10.81%Buy
41+1.96%+1.83%-0.37%+56.51%11.05x4.29x+12.16%+5.16%+13.15%+8.22%Strong Buy
27+0.30%-1.51%-7.49%+13.51%12.66x4.62x+46.09%+11.17%+16.18%+11.58%Buy
18+1.07%+0.50%-4.60%+29.43%536.60x6.75x+34.02%+15.38%+27.91%+9.09%Buy
2+6.63%+5.90%+5.11%+9.77%50.59x7.92x+16.93%+4.12%+11.95%-22.87%Hold
20+0.23%+1.53%-4.97%-10.14%20.04x4.04x+24.30%+7.85%+14.98%+12.78%Buy
38+1.54%+1.89%+3.44%+46.77%16.58x1.03x+7.54%+4.50%+7.29%+16.50%Strong Buy
19+1.52%+3.26%+1.58%+28.90%20.20x3.09x+17.20%+8.62%+14.16%+11.06%Strong Buy
16-0.11%-1.84%-1.39%+23.21%11.95x7.33x+19.29%+2.59%+5.00%+19.52%Buy
11+0.93%-0.99%-2.38%+24.35%24.70x4.56x+26.99%+7.74%+10.44%+10.41%Buy
23+0.71%-1.06%-5.22%+36.99%16.27x2.26x+14.74%+6.11%+7.59%+6.50%Buy
24+0.79%-0.95%-2.77%+26.49%19.97x2.97x+23.54%+8.01%+14.55%+15.64%Strong Buy
203-0.05%-0.46%-0.40%+3.89%8.90x-14.37x-28.63%+1.08%-1.81%N/A
39+1.35%+0.48%-2.25%+24.98%35.31x4.86x+26.92%+11.77%+19.64%+11.40%Buy
75+1.11%-0.75%-2.78%+27.40%29.74x5.09x+22.36%+8.71%+16.03%+11.46%Buy
26+0.32%-0.44%-4.99%+1.15%27.33x9.24x+66.79%+8.34%+44.90%+10.21%Buy
12+0.62%+0.03%-5.69%+2.75%-11.83x2.70x+17.36%+8.11%+14.28%+8.83%Buy
19+2.13%+0.73%-1.73%+36.73%30.47x9.53x-51.30%+14.42%+31.91%+13.56%Buy
16+0.36%-3.10%-18.85%+23.82%51.26x3.73x+20.69%+13.36%+19.68%+26.77%Buy
20+0.26%+0.72%-1.04%+21.64%36.42x5.73x+20.52%+5.44%+9.76%+10.17%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 11.96% over the past year, underperforming other industrial stocks by -6 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 17.65% from Kanzhun's current stock price of $20.40.

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 41.72% over the past year, overperforming other industrial stocks by 23 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 14.59% from Danaos's current stock price of $78.54.

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 -22.21% over the past year, underperforming other industrial stocks by -41 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 16.38% from Resources Connection's current stock price of $11.17.

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 2.19%.

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. 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 2.19%. 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 22.4% indicates that its dividend yield is sustainable for the long-term.

3. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 26.95%, which is 25 percentage points higher than the industrial sector average of 2.19%.

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

Why are industrial stocks up?

Industrial stocks were up 0.83% in the last day, and up 0.37% over the last week. Safe & Green Holdings was the among the top gainers in the industrials sector, gaining 89.08% yesterday.

Safe & Green shares are trading higher after the company announced its SG Echo subsidiary is preparing to deliver its first sustainable modular unit to a prominent quick-service restaurant customer in the Pacific Northwest.

What are the most undervalued industrial stocks?

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

1. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection has a valuation score of 100, which is 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Resources Connection's stock has dropped -22.21% in the past year. It has underperformed other stocks in the industrial sector by -41 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 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 71.91% in the past year. It has overperformed other stocks in the industrial sector by 54 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 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 126.79% in the past year. It has overperformed other stocks in the industrial sector by 108 percentage points.

Are industrial stocks a good buy now?

46.62% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 10.91% 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 44.51x.
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.