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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
OAKU
OAK WOODS ACQUISITION CORP
$81.71M$10.85N/AN/AN/AN/AN/AN/AN/AN/A
PFTA
PERCEPTION CAPITAL CORP III
$111.98M$10.78N/AN/AN/AN/AN/AN/AN/AN/A
HOVR
NEW HORIZON AIRCRAFT LTD
$25.14M$1.38N/AN/AN/AN/AN/AN/AN/AN/A
RFAC
RF ACQUISITION CORP
$64.25M$11.04N/AN/AN/AN/AN/AN/AN/AN/A
SERV
SERVE ROBOTICS INC
$120.14M$3.24N/AN/AN/AN/AN/AN/AN/AN/A
SHMD
SCHMID GROUP NV
$36.45M$3.60N/AN/AN/AN/AN/AN/AN/AN/A
NMHI
NATURE's MIRACLE HOLDING INC
$17.83M$0.67N/AN/AN/AN/AN/AN/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$7.98M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
LILM
LILIUM NV
$642.43M$1.22N/AN/AN/AN/AN/AN/AN/AN/A
NBST
NEWBURY STREET ACQUISITION CORP
$63.49M$10.84N/AN/AN/AN/AN/AN/AN/AN/A
LOAR
LOAR HOLDINGS INC
$4.62B$51.53N/AN/AN/AN/AN/AN/AN/AN/A
WAVS
WESTERN ACQUISITION VENTURES CORP
$38.35M$10.88N/AN/AN/AN/AN/AN/AN/AN/A
MNTN
EVEREST CONSOLIDATOR ACQUISITION CORP
$131.79M$11.26N/AN/AN/AN/AN/AN/AN/AN/A
LEGT
LEGATO MERGER CORP III
$260.83M$10.11N/AN/AN/AN/AN/AN/AN/AN/A
VLTO
VERALTO CORP
$24.34B$98.60$95.22-3.43%Buy9N/AN/AN/AN/A
HSHP
HIMALAYA SHIPPING LTD
$404.32M$9.21N/AN/AN/AN/AN/AN/AN/AN/A
GPAK
GAMER PAKISTAN INC
$6.14M$0.24N/AN/AN/AN/AN/AN/AN/AN/A
HAFN
HAFNIA LTD
$4.41B$8.65$10.0015.61%Strong Buy1N/AN/AN/AN/A
EVTL
VERTICAL AEROSPACE LTD
$159.52M$0.72$1.50108.04%Strong Buy1N/AN/AN/AN/A
HLXB
HELIX ACQUISITION CORP II
$237.82M$10.34N/AN/AN/AN/AN/AN/AN/AN/A
ECO
OKEANIS ECO TANKERS CORP
$1.12B$34.93$44.0025.97%Strong Buy1N/AN/AN/AN/A
VCXB
10X CAPITAL VENTURE ACQUISITION CORP III
$144.61M$10.96N/AN/AN/AN/AN/AN/AN/AN/A
DYCQ
DT CLOUD ACQUISITION CORP
$91.15M$10.17N/AN/AN/AN/AN/AN/AN/AN/A
AACI
ARMADA ACQUISITION CORP I
$81.68M$11.46N/AN/AN/AN/AN/AN/AN/AN/A
CLBR
COLOMBIER ACQUISITION CORP II
$220.36M$10.37N/AN/AN/AN/AN/AN/AN/AN/A
CFFS
CF ACQUISITION CORP VII
$111.44M$10.84N/AN/AN/AN/AN/AN/AN/AN/A
ZONE
CLEANCORE SOLUTIONS INC
N/A$3.26N/AN/AN/AN/AN/AN/AN/AN/A
PBI
PITNEY BOWES INC
$942.67M$5.27N/AN/AN/AN/A0.65%N/AN/AN/A
GPATU
GP-ACT III ACQUISITION CORP
N/A$10.07N/AN/AN/AN/AN/AN/AN/AN/A
SMX
SMX (SECURITY MATTERS) PUBLIC LTD CO
$2.86M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
VATE
INNOVATE CORP
$65.68M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
AITR
AI TRANSPORTATION ACQUISITION CORP
$80.96M$10.33N/AN/AN/AN/AN/AN/AN/AN/A
AFJK
AIMEI HEALTH TECHNOLOGY CO LTD
$93.06M$10.31N/AN/AN/AN/AN/AN/AN/AN/A
BKHA
BLACK HAWK ACQUISITION CORP
$90.28M$10.11N/AN/AN/AN/AN/AN/AN/AN/A
ANSC
AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP
$440.74M$10.22N/AN/AN/AN/AN/AN/AN/AN/A
BAYA
BAYVIEW ACQUISITION CORP
$78.72M$10.18N/AN/AN/AN/AN/AN/AN/AN/A
QETA
QUETTA ACQUISITION CORP
$91.71M$10.25N/AN/AN/AN/AN/AN/AN/AN/A
HSPO
HORIZON SPACE ACQUISITION I CORP
$85.76M$10.95N/AN/AN/AN/AN/AN/AN/AN/A
HCVI
HENNESSY CAPITAL INVESTMENT CORP VI
$174.98M$10.52N/AN/AN/AN/AN/AN/AN/AN/A
DECA
DENALI CAPITAL ACQUISITION CORP
$52.05M$7.32N/AN/AN/AN/AN/AN/AN/AN/A
TGAA
TARGET GLOBAL ACQUISITION I CORP
$105.16M$11.30N/AN/AN/AN/AN/AN/AN/AN/A
AOGO
AROGO CAPITAL ACQUISITION CORP
$47.68M$10.96N/AN/AN/AN/AN/AN/AN/AN/A
SLAM
SLAM CORP
$259.62M$11.07N/AN/AN/AN/AN/AN/AN/AN/A
IFIN
INFINT ACQUISITION CORP
$121.67M$11.50N/AN/AN/AN/AN/AN/AN/AN/A
FORL
FOUR LEAF ACQUISITION CORP
$74.25M$10.87N/AN/AN/AN/AN/AN/AN/AN/A
CBRG
CHAIN BRIDGE I
$75.95M$11.24N/AN/AN/AN/AN/AN/AN/AN/A
RWOD
REDWOODS ACQUISITION CORP
$10.65M$6.05N/AN/AN/AN/AN/AN/AN/AN/A
IGTA
INCEPTION GROWTH ACQUISITION LTD
$62.36M$11.16N/AN/AN/AN/AN/AN/AN/AN/A
ADRT
AULT DISRUPTIVE TECHNOLOGIES CORP
$41.19M$14.00N/AN/AN/AN/AN/AN/AN/AN/A
BITE
BITE ACQUISITION CORP
$69.19M$8.65N/AN/AN/AN/AN/AN/AN/AN/A
CDAQ
COMPASS DIGITAL ACQUISITION CORP
$113.66M$10.82N/AN/AN/AN/AN/AN/AN/AN/A
ACAC
ACRI CAPITAL ACQUISITION CORP
$44.56M$11.22N/AN/AN/AN/AN/AN/AN/AN/A
EVE
EVE MOBILITY ACQUISITION CORP
$173.98M$11.15N/AN/AN/AN/AN/AN/AN/AN/A
IVCA
INVESTCORP INDIA ACQUISITION CORP
$183.07M$11.26N/AN/AN/AN/AN/AN/AN/AN/A
IXAQ
IX ACQUISITION CORP
$97.14M$11.30N/AN/AN/AN/AN/AN/AN/AN/A
AQU
AQUARON ACQUISITION CORP
$49.86M$10.95N/AN/AN/AN/AN/AN/AN/AN/A
AIMAU
AIMFINITY INVESTMENT CORP I
$63.03M$11.22N/AN/AN/AN/AN/AN/AN/AN/A
TBMC
TRAILBLAZER MERGER CORP I
$97.44M$10.80N/AN/AN/AN/AN/AN/AN/AN/A
TRTL
TORTOISEECOFIN ACQUISITION CORP III
$262.94M$10.89N/AN/AN/AN/AN/AN/AN/AN/A
FEXD
FINTECH ECOSYSTEM DEVELOPMENT CORP
$78.99M$11.44N/AN/AN/AN/AN/AN/AN/AN/A
SEDA
SDCL EDGE ACQUISITION CORP
$200.85M$11.05N/AN/AN/AN/AN/AN/AN/AN/A
ATMC
ALPHATIME ACQUISITION CORP
$76.16M$11.08N/AN/AN/AN/AN/AN/AN/AN/A
CVII
CHURCHILL CAPITAL CORP VII
$982.48M$10.73N/AN/AN/AN/AN/AN/AN/AN/A
NOVV
NOVA VISION ACQUISITION CORP
$39.75M$11.98N/AN/AN/AN/AN/AN/AN/AN/A
TCOA
ZALATORIS ACQUISITION CORP
$117.59M$11.02N/AN/AN/AN/AN/AN/AN/AN/A
BACA
BERENSON ACQUISITION CORP I
$84.12M$10.59N/AN/AN/AN/AN/AN/AN/AN/A
QDRO
QUADRO ACQUISITION ONE CORP
$86.11M$11.01N/AN/AN/AN/AN/AN/AN/AN/A
MCAA
MOUNTAIN & CO I ACQUISITION CORP
$199.56M$11.56N/AN/AN/AN/AN/AN/AN/AN/A
HAIA
HEALTHCARE AI ACQUISITION CORP
$60.05M$11.14N/AN/AN/AN/AN/AN/AN/AN/A
MITA
COLISEUM ACQUISITION CORP
$71.70M$10.82N/AN/AN/AN/AN/AN/AN/AN/A
ATEK
ATHENA TECHNOLOGY ACQUISITION CORP II
$136.09M$11.31N/AN/AN/AN/AN/AN/AN/AN/A
PTWO
PONO CAPITAL TWO INC
$67.92M$13.02N/AN/AN/AN/AN/AN/AN/AN/A
PLMI
PLUM ACQUISITION CORP I
$125.39M$11.16N/AN/AN/AN/AN/AN/AN/AN/A
ALCY
ALCHEMY INVESTMENTS ACQUISITION CORP 1
$159.88M$10.68N/AN/AN/AN/AN/AN/AN/AN/A
HHGC
HHG CAPITAL CORP
$57.58M$11.40N/AN/AN/AN/AN/AN/AN/AN/A
BOCN
BLUE OCEAN ACQUISITION CORP
$121.44M$11.14N/AN/AN/AN/AN/AN/AN/AN/A
SCRM
SCREAMING EAGLE ACQUISITION CORP
$365.72M$10.18N/AN/AN/AN/AN/AN/AN/AN/A
EMCG
EMBRACE CHANGE ACQUISITION CORP
$83.44M$11.24N/AN/AN/AN/AN/AN/AN/AN/A
CNDA
CONCORD ACQUISITION CORP II
$229.71M$10.59N/AN/AN/AN/AN/AN/AN/AN/A
ONYX
ONYX ACQUISITION CO I
$88.43M$11.13N/AN/AN/AN/AN/AN/AN/AN/A
PHYT
PYROPHYTE ACQUISITION CORP
$159.38M$11.38N/AN/AN/AN/AN/AN/AN/AN/A
LCW
LEARN CW INVESTMENT CORP
$165.67M$10.98N/AN/AN/AN/AN/AN/AN/AN/A
ZLS
ZALATORIS II ACQUISITION CORP
$131.21M$10.93N/AN/AN/AN/AN/AN/AN/AN/A
PLTN
PLUTONIAN ACQUISITION CORP
$40.01M$8.00N/AN/AN/AN/AN/AN/AN/AN/A
RCFA
RCF ACQUISITION CORP
$118.33M$11.24N/AN/AN/AN/AN/AN/AN/AN/A
FLFV
FEUTUNE LIGHT ACQUISITION CORP
$61.85M$11.03N/AN/AN/AN/AN/AN/AN/AN/A
THCP
THUNDER BRIDGE CAPITAL PARTNERS IV INC
$105.82M$10.50N/AN/AN/AN/AN/AN/AN/AN/A
GHIX
GORES HOLDINGS IX INC
$203.62M$10.63N/AN/AN/AN/AN/AN/AN/AN/A
GDST
GOLDENSTONE ACQUISITION LTD
$75.90M$11.10N/AN/AN/AN/AN/AN/AN/AN/A
PEGR
PROJECT ENERGY REIMAGINED ACQUISITION CORP
$160.76M$9.20N/AN/AN/AN/AN/AN/AN/AN/A
TLGY
TLGY ACQUISITION CORP
$200.77M$11.41N/AN/AN/AN/AN/AN/AN/AN/A
ACBA
ACE GLOBAL BUSINESS ACQUISITION LTD
$41.96M$12.23N/AN/AN/AN/AN/AN/AN/AN/A
FTII
FUTURETECH II ACQUISITION CORP
$65.29M$11.20N/AN/AN/AN/AN/AN/AN/AN/A
GTAC
GLOBAL TECHNOLOGY ACQUISITION CORP I
$79.34M$11.19N/AN/AN/AN/AN/AN/AN/AN/A
DPCS
DP CAP ACQUISITION CORP I
$80.84M$11.15N/AN/AN/AN/AN/AN/AN/AN/A
RRAC
RIGEL RESOURCE ACQUISITION CORP
$361.27M$11.27N/AN/AN/AN/AN/AN/AN/AN/A
CMCA
CAPITALWORKS EMERGING MARKETS ACQUISITION CORP
$110.48M$11.05N/AN/AN/AN/AN/AN/AN/AN/A
GATE
MARBLEGATE ACQUISITION CORP
$125.62M$10.60N/AN/AN/AN/AN/AN/AN/AN/A
INAQ
INSIGHT ACQUISITION CORP
$78.76M$11.25N/AN/AN/AN/AN/AN/AN/AN/A
BREZ
BREEZE HOLDINGS ACQUISITION CORP
$49.01M$11.40N/AN/AN/AN/AN/AN/AN/AN/A

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.