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 Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
CVII	CHURCHILL CAPITAL CORP VII	$983.40M	$10.74	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BREZ	BREEZE HOLDINGS ACQUISITION CORP	$50.00M	$11.63	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DECA	DENALI CAPITAL ACQUISITION CORP	$56.38M	$7.93	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FHLT	FUTURE HEALTH ESG CORP	$71.24M	$12.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CONX	CONX CORP	$183.45M	$8.79	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LATG	CHENGHE ACQUISITION I CO	$81.27M	$11.30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DHAC	DIGITAL HEALTH ACQUISITION CORP	$43.25M	$12.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DUET	DUET ACQUISITION CORP	$42.13M	$11.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CETU	CETUS CAPITAL ACQUISITION CORP	$40.37M	$10.51	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GPAC	GLOBAL PARTNER ACQUISITION CORP II	$104.38M	$11.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NOVV	NOVA VISION ACQUISITION CORP	$39.32M	$11.85	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PTWO	PONO CAPITAL TWO INC	$74.59M	$14.30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CLOE	CLOVER LEAF CAPITAL CORP	$64.38M	$12.10	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KRNL	KERNEL GROUP HOLDINGS INC	$87.38M	$10.75	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BLUA	BLUERIVER ACQUISITION CORP	$105.11M	$11.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LGVC	LAMF GLOBAL VENTURES CORP I	$101.31M	$8.11	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BLAC	BELLEVUE LIFE SCIENCES ACQUISITION CORP	$60.22M	$10.71	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WTMA	WELSBACH TECHNOLOGY METALS ACQUISITION CORP	$48.80M	$10.95	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CNGL	CANNA-GLOBAL ACQUISITION CORP	$85.80M	$11.11	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ARYD	ARYA SCIENCES ACQUISITION CORP IV	$85.54M	$11.35	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JVSA	JVSPAC ACQUISITION CORP	$77.55M	$10.09	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ZCAR	ZOOMCAR HOLDINGS INC	$13.06M	$0.33	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HUDA	HUDSON ACQUISITION I CORP	$54.41M	$12.09	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MCAC	MONTEREY CAPITAL ACQUISITION CORP	$108.57M	$11.22	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TETE	TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP	$75.84M	$11.88	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WINV	WINVEST ACQUISITION CORP	$45.12M	$11.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JAN	JANONE INC	$35.01M	$3.90	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ONYX	ONYX ACQUISITION CO I	$88.83M	$11.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MAQC	MAQUIA CAPITAL ACQUISITION CORP	$68.23M	$11.05	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CCIXU	CHURCHILL CAPITAL CORP IX	N/A	$10.09	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
XFIN	EXCELFIN ACQUISITION CORP	$87.63M	$11.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
OSI	OSIRIS ACQUISITION CORP	$94.82M	$10.71	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AIB	AIB ACQUISITION CORP	$42.44M	$11.75	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GTI	GRAPHJET TECHNOLOGY	$1.04B	$7.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NCNC	NOCO-NOCO INC	$27.76M	$0.21	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HNRA	HNR ACQUISITION CORP	$18.01M	$2.56	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BRAC	BROAD CAPITAL ACQUISITION CORP	$53.25M	$11.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HLXB	HELIX ACQUISITION CORP II	N/A	$10.34	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
OCAX	OCA ACQUISITION CORP	$73.69M	$10.94	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GAMC	GOLDEN ARROW MERGER CORP	$83.56M	$10.76	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CHAA	CATCHA INVESTMENT CORP	$93.55M	$9.63	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IVCB	INVESTCORP EUROPE ACQUISITION CORP I	$228.93M	$11.35	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FRLA	FORTUNE RISE ACQUISITION CORP	$70.11M	$11.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GATE	MARBLEGATE ACQUISITION CORP	$123.25M	$10.40	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
QOMO	QOMOLANGMA ACQUISITION CORP	$38.65M	$10.81	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IMAQ	INTERNATIONAL MEDIA ACQUISITION CORP	$96.90M	$11.40	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Industrial Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Aerospace & Defense	72	+0.77%	+1.71%	+2.71%	+11.62%	23.40x	5.47x	+12.66%	+4.32%	+10.98%	+6.14%	Buy
Airlines	18	+0.43%	+0.26%	-1.18%	+5.85%	15.79x	2.92x	+22.54%	+4.87%	+12.27%	+23.23%	Buy
Airports & Air Services	12	+0.70%	-1.96%	+6.18%	+5.63%	10.80x	4.73x	+1.63%	+4.86%	+12.10%	-7.99%	Strong Buy
Business Equipment & Supplies	5	+1.33%	+3.42%	-1.33%	+41.87%	18.57x	1.50x	+8.72%	+4.50%	+8.53%	+26.64%	Strong Buy
Conglomerates	20	-1.16%	+1.46%	+2.17%	-13.49%	15.23x	4.94x	-10.64%	+2.03%	+8.76%	+16.88%	Strong Buy
Consulting Services	14	+0.84%	+2.32%	-1.71%	+20.87%	29.23x	7.68x	+86.40%	+8.40%	+16.73%	+15.11%	Buy
Electrical Equipment & Parts	56	+1.30%	-0.24%	-0.84%	+32.48%	37.95x	4.29x	+17.34%	+5.76%	+10.60%	+10.81%	Buy
Engineering & Construction	41	+1.96%	+1.83%	-0.37%	+56.51%	11.05x	4.29x	+12.16%	+5.16%	+13.15%	+8.22%	Strong Buy
Farm & Heavy Construction Machinery	27	+0.30%	-1.51%	-7.49%	+13.51%	12.66x	4.62x	+46.09%	+11.17%	+16.18%	+11.58%	Buy
Industrial Distribution	18	+1.07%	+0.50%	-4.60%	+29.43%	536.60x	6.75x	+34.02%	+15.38%	+27.91%	+9.09%	Buy
Infrastructure Operations	2	+6.63%	+5.90%	+5.11%	+9.77%	50.59x	7.92x	+16.93%	+4.12%	+11.95%	-22.87%	Hold
Integrated Freight & Logistics	20	+0.23%	+1.53%	-4.97%	-10.14%	20.04x	4.04x	+24.30%	+7.85%	+14.98%	+12.78%	Buy
Marine Shipping	38	+1.54%	+1.89%	+3.44%	+46.77%	16.58x	1.03x	+7.54%	+4.50%	+7.29%	+16.50%	Strong Buy
Metal Fabrication	19	+1.52%	+3.26%	+1.58%	+28.90%	20.20x	3.09x	+17.20%	+8.62%	+14.16%	+11.06%	Strong Buy
Pollution & Treatment Controls	16	-0.11%	-1.84%	-1.39%	+23.21%	11.95x	7.33x	+19.29%	+2.59%	+5.00%	+19.52%	Buy
Railroads	11	+0.93%	-0.99%	-2.38%	+24.35%	24.70x	4.56x	+26.99%	+7.74%	+10.44%	+10.41%	Buy
Rental & Leasing Services	23	+0.71%	-1.06%	-5.22%	+36.99%	16.27x	2.26x	+14.74%	+6.11%	+7.59%	+6.50%	Buy
Security & Protection Services	24	+0.79%	-0.95%	-2.77%	+26.49%	19.97x	2.97x	+23.54%	+8.01%	+14.55%	+15.64%	Strong Buy
Shell Companies	203	-0.05%	-0.46%	-0.40%	+3.89%	8.90x	-14.37x	-28.63%	+1.08%	-1.81%	N/A
Specialty Business Services	39	+1.35%	+0.48%	-2.25%	+24.98%	35.31x	4.86x	+26.92%	+11.77%	+19.64%	+11.40%	Buy
Specialty Industrial Machinery	75	+1.11%	-0.75%	-2.78%	+27.40%	29.74x	5.09x	+22.36%	+8.71%	+16.03%	+11.46%	Buy
Staffing & Employment Services	26	+0.32%	-0.44%	-4.99%	+1.15%	27.33x	9.24x	+66.79%	+8.34%	+44.90%	+10.21%	Buy
Tools & Accessories	12	+0.62%	+0.03%	-5.69%	+2.75%	-11.83x	2.70x	+17.36%	+8.11%	+14.28%	+8.83%	Buy
Travel Services	19	+2.13%	+0.73%	-1.73%	+36.73%	30.47x	9.53x	-51.30%	+14.42%	+31.91%	+13.56%	Buy
Trucking	16	+0.36%	-3.10%	-18.85%	+23.82%	51.26x	3.73x	+20.69%	+13.36%	+19.68%	+26.77%	Buy
Waste Management	20	+0.26%	+0.72%	-1.04%	+21.64%	36.42x	5.73x	+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.