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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
BZ	KANZHUN LTD	$8.01B	N/A	0.00%	N/A	N/A	N/A	N/A
DAC	DANAOS CORP	$1.64B	3.67%	10.70%	$0.8000	$3.10	66%	0
RGP	RESOURCES CONNECTION INC	$386.08M	6.13%	82.40%	$0.1400	$0.70	86%	0		2024-06-13
ESEA	EUROSEAS LTD	$267.67M	5.50%	12.70%	$0.6000	$2.10	83%	0
SBLK	STAR BULK CARRIERS CORP	$2.13B	5.61%	80.70%	$0.4500	$1.42	83%	5
ESOA	ENERGY SERVICES OF AMERICA CORP	$106.62M	0.93%	10.00%	$0.0600	$0.06	18%	0
ZTO	ZTO EXPRESS (CAYMAN) INC	$17.39B	2.90%	41.40%	$0.6200	$0.62	55%	1
GASS	STEALTHGAS INC	$239.26M	N/A	0.00%	N/A	N/A	N/A	N/A
WNC	WABASH NATIONAL CORP	$1.04B	1.38%	7.50%	$0.0800	$0.32	28%	0
MIDD	MIDDLEBY CORP	$7.30B	N/A	0.00%	N/A	N/A	N/A	N/A
EMR	EMERSON ELECTRIC CO	$65.69B	1.37%	11.10%	$0.5250	$1.57	28%	0	2024-05-16	2024-06-10
HAYN	HAYNES INTERNATIONAL INC	$757.64M	1.48%	29.40%	$0.2200	$0.88	30%	0	2024-05-31	2024-06-14
ARCB	ARCBEST CORP	$2.76B	0.41%	9.40%	$0.1200	$0.48	6%	0		2024-05-24
RHI	ROBERT HALF INC	$7.47B	2.77%	58.60%	$0.5300	$1.97	53%	0	2024-05-23	2024-06-14
TNC	TENNANT CO	$2.01B	1.03%	17.80%	$0.2800	$1.09	20%	0	2024-05-31	2024-06-14
PXS	PYXIS TANKERS INC	$51.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ABNB	AIRBNB INC	$93.90B	N/A	0.00%	N/A	N/A	N/A	N/A
PPSI	PIONEER POWER SOLUTIONS INC	$41.11M	N/A	0.00%	N/A	N/A	N/A	N/A
CAT	CATERPILLAR INC	$176.16B	1.44%	23.40%	$1.3000	$5.20	30%	0		2024-05-20
KMT	KENNAMETAL INC	$2.07B	3.05%	43.80%	$0.2000	$0.80	57%	0		2024-05-28
HY	HYSTER-YALE MATERIALS HANDLING INC	$1.33B	1.71%	14.90%	$0.3250	$1.30	36%	0	2024-05-31	2024-06-14
RCMT	RCM TECHNOLOGIES INC	$173.91M	N/A	0.00%	N/A	N/A	N/A	N/A
SNCY	SUN COUNTRY AIRLINES HOLDINGS INC	$579.25M	N/A	0.00%	N/A	N/A	N/A	N/A
TEX	TEREX CORP	$4.25B	1.05%	8.70%	$0.1700	$0.66	20%	0
TAYD	TAYLOR DEVICES INC	$158.97M	N/A	0.00%	N/A	N/A	N/A	N/A
VCIG	VCI GLOBAL LTD	$37.53M	N/A	4.90%	N/A	N/A	N/A	N/A
MLI	MUELLER INDUSTRIES INC	$6.71B	1.10%	12.80%	$0.2000	$0.65	22%	1	2024-06-07	2024-06-21
JBT	JOHN BEAN TECHNOLOGIES CORP	$3.05B	0.42%	2.20%	$0.1000	$0.40	6%	0	2024-05-22	2024-06-06
WOR	WORTHINGTON ENTERPRISES INC	$2.99B	1.86%	19.90%	$0.1600	$1.11	39%	1	2024-06-14	2024-06-28
DCI	DONALDSON CO INC	$9.04B	1.33%	32.20%	$0.2500	$1.00	27%	0
AOS	SMITH A O CORP	$12.73B	1.80%	32.10%	$0.3200	$1.56	38%	0
SGRP	SPAR GROUP INC	$43.07M	N/A	0.00%	N/A	N/A	N/A	N/A
POWL	POWELL INDUSTRIES INC	$2.01B	0.63%	12.30%	$0.2650	$1.06	11%	0		2024-06-12
FDX	FEDEX CORP	$63.81B	1.94%	28.80%	$1.2600	$5.04	40%	0
EPAC	ENERPAC TOOL GROUP CORP	$2.05B	0.11%	3.10%	$0.0400	$0.04	1%	0
SB	SAFE BULKERS INC	$608.26M	3.67%	32.80%	$0.0500	$0.20	66%	3	2024-05-16	2024-05-30
ALLE	ALLEGION PLC	$11.19B	1.43%	29.70%	$0.4800	$1.83	29%	0	2024-06-14	2024-06-28
THR	THERMON GROUP HOLDINGS INC	$1.16B	N/A	0.00%	N/A	N/A	N/A	N/A
UNF	UNIFIRST CORP	$3.09B	0.77%	20.10%	$0.3300	$1.28	14%	0	2024-06-07	2024-06-28
AGCO	AGCO CORP	$8.81B	5.22%	41.60%	$0.2900	$6.16	82%	3	2024-05-17	2024-06-14
VTSI	VIRTRA INC	$127.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ASTE	ASTEC INDUSTRIES INC	$801.34M	1.48%	47.70%	$0.1300	$0.52	30%	0		2024-05-31
DY	DYCOM INDUSTRIES INC	$4.36B	N/A	0.00%	N/A	N/A	N/A	N/A
WIRE	ENCORE WIRE CORP	$4.45B	0.03%	0.40%	$0.0200	$0.08	0%	0
BBSI	BARRETT BUSINESS SERVICES INC	$823.29M	0.95%	16.20%	$0.3000	$1.20	18%	0	2024-05-16	2024-05-31
LMT	LOCKHEED MARTIN CORP	$111.35B	2.65%	44.80%	$3.1500	$12.30	51%	0	2024-06-03	2024-06-28
CMI	CUMMINS INC	$39.96B	2.26%	48.20%	$1.6800	$6.61	46%	0	2024-05-23	2024-06-06
CMRE	COSTAMARE INC	$1.66B	3.28%	15.60%	$0.1150	$0.46	60%	2
PCAR	PACCAR INC	$56.65B	3.99%	44.10%	$0.3000	$4.31	70%	10		2024-06-05
MWA	MUELLER WATER PRODUCTS INC	$2.98B	1.32%	39.10%	$0.0640	$0.25	27%	0		2024-05-20
ADP	AUTOMATIC DATA PROCESSING INC	$100.94B	2.15%	58.80%	$1.4000	$5.30	44%	0	2024-06-14	2024-07-01
TH	TARGET HOSPITALITY CORP	$1.17B	N/A	0.00%	N/A	N/A	N/A	N/A
LICN	LICHEN CHINA LTD	$39.75M	N/A	0.00%	N/A	N/A	N/A	N/A
TKR	TIMKEN CO	$6.56B	1.43%	25.00%	$0.3400	$1.33	29%	0		2024-05-28
LMB	LIMBACH HOLDINGS INC	$566.53M	N/A	0.00%	N/A	N/A	N/A	N/A
CISS	C3IS INC	$125.02k	N/A	0.00%	N/A	N/A	N/A	N/A
EBF	ENNIS INC	$534.75M	4.86%	60.60%	$0.2500	$1.00	79%	1
ROK	ROCKWELL AUTOMATION INC	$31.38B	1.79%	47.30%	$1.2500	$4.93	37%	0		2024-06-10
LSTR	LANDSTAR SYSTEM INC	$6.62B	1.79%	46.00%	$0.3300	$3.32	38%	7		2024-05-24
DOV	DOVER CORP	$25.45B	1.10%	19.40%	$0.5100	$2.04	22%	0	2024-05-31	2024-06-14
KFRC	KFORCE INC	$1.27B	2.25%	49.80%	$0.3800	$1.46	46%	0	2024-06-14	2024-06-28
SFWL	SHENGFENG DEVELOPMENT LTD	$161.70M	N/A	0.00%	N/A	N/A	N/A	N/A
STRL	STERLING INFRASTRUCTURE INC	$4.18B	N/A	0.00%	N/A	N/A	N/A	N/A
LECO	LINCOLN ELECTRIC HOLDINGS INC	$13.03B	1.18%	28.20%	$0.7100	$2.70	24%	0	2024-06-28	2024-07-15
REZI	RESIDEO TECHNOLOGIES INC	$3.22B	N/A	0.00%	N/A	N/A	N/A	N/A
IESC	IES HOLDINGS INC	$3.54B	N/A	0.00%	N/A	N/A	N/A	N/A
ICFI	ICF INTERNATIONAL INC	$2.74B	0.38%	11.30%	$0.1400	$0.56	6%	0	2024-06-07	2024-07-12
GD	GENERAL DYNAMICS CORP	$80.82B	1.83%	43.40%	$1.4200	$5.38	38%	0
BLD	TOPBUILD CORP	$13.67B	N/A	0.00%	N/A	N/A	N/A	N/A
ISSC	INNOVATIVE SOLUTIONS & SUPPORT INC	$96.39M	N/A	0.00%	$0.5000	N/A	N/A	1
SNA	SNAP-ON INC	$14.75B	2.49%	35.90%	$1.8600	$6.96	49%	0	2024-05-17	2024-06-10
GIC	GLOBAL INDUSTRIAL CO	$1.34B	2.56%	46.20%	$0.2500	$0.90	50%	0		2024-05-20
TCOM	TRIPCOM GROUP LTD	$35.92B	N/A	0.00%	N/A	N/A	N/A	N/A
UPS	UNITED PARCEL SERVICE INC	$126.57B	4.39%	93.90%	$1.6300	$6.50	74%	0		2024-05-30
GGG	GRACO INC	$14.12B	1.17%	32.90%	$0.2550	$0.98	23%	0
HSII	HEIDRICK & STRUGGLES INTERNATIONAL INC	$703.84M	1.73%	17.00%	$0.1500	$0.60	36%	0		2024-05-23
PAYX	PAYCHEX INC	$44.77B	2.93%	77.20%	$0.9800	$3.65	55%	0		2024-05-30
BWEN	BROADWIND INC	$56.72M	N/A	0.00%	N/A	N/A	N/A	N/A
LNN	LINDSAY CORP	$1.30B	0.89%	22.10%	$0.3500	$1.05	17%	0	2024-05-16	2024-05-31
ABM	ABM INDUSTRIES INC	$2.91B	1.93%	22.50%	$0.2250	$0.89	40%	0
POOL	POOL CORP	$14.68B	1.17%	34.10%	$1.2000	$4.50	23%	0		2024-05-30
BRC	BRADY CORP	$2.95B	1.53%	24.20%	$0.2350	$0.94	32%	0
TDCX	TDCX INC	$1.04B	N/A	0.00%	N/A	N/A	N/A	N/A
TTC	TORO CO	$9.61B	1.52%	50.00%	$0.3600	$1.40	31%	0
CIX	COMPX INTERNATIONAL INC	$285.68M	4.53%	63.30%	$0.3000	$1.05	76%	1
OSK	OSHKOSH CORP	$7.98B	1.43%	16.00%	$0.4600	$1.74	29%	0		2024-05-28
HII	HUNTINGTON INGALLS INDUSTRIES INC	$9.92B	2.02%	28.70%	$1.3000	$5.08	42%	0	2024-05-31	2024-06-14
AME	AMETEK INC	$39.26B	0.61%	18.00%	$0.2800	$1.03	11%	0	2024-06-14	2024-06-28
CDTG	CDT ENVIRONMENTAL TECHNOLOGY INVESTMENT HOLDINGS LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
TORO	TORO CORP	$89.20M	N/A	0.00%	N/A	N/A	N/A	N/A
GPN	GLOBAL PAYMENTS INC	$27.78B	0.92%	19.80%	$0.2500	$1.00	18%	1	2024-06-14	2024-06-28
CNI	CANADIAN NATIONAL RAILWAY CO	$79.95B	2.07%	42.40%	$0.8450	$2.60	43%	0	2024-06-07	2024-06-28
WERN	WERNER ENTERPRISES INC	$2.38B	1.49%	42.70%	$0.1400	$0.56	31%	0
FSS	FEDERAL SIGNAL CORP	$5.34B	0.48%	14.10%	$0.1200	$0.42	8%	0	2024-05-16	2024-05-31
BWLP	BW LPG LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
CXT	CRANE NXT CO	$3.51B	0.46%	13.10%	$0.1400	$0.28	7%	1
OPXS	OPTEX SYSTEMS HOLDINGS INC	$58.73M	N/A	0.00%	N/A	N/A	N/A	N/A
HON	HONEYWELL INTERNATIONAL INC	$133.53B	1.56%	48.60%	$1.0800	$3.19	32%	0	2024-05-16	2024-06-07
CW	CURTISS WRIGHT CORP	$10.61B	0.29%	8.20%	$0.2000	$0.80	4%	0	2024-06-17	2024-07-05
STN	STANTEC INC	$9.33B	0.79%	28.70%	$0.2100	$0.65	15%	1	2024-06-28	2024-07-15

Industrial Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Aerospace & Defense	71	+0.24%	-0.46%	+5.63%	+12.75%	22.54x	5.58x	+12.32%	+4.25%	+8.48%	+8.27%	Strong Buy
Airlines	20	-0.48%	+2.26%	+5.58%	+6.54%	15.82x	2.99x	+22.14%	+4.59%	+12.08%	+21.12%	Buy
Airports & Air Services	9	+0.00%	+2.03%	+12.75%	+8.14%	16.49x	4.88x	-16.58%	+5.44%	+8.60%	-11.58%	Strong Buy
Business Equipment & Supplies	5	+0.35%	+3.28%	+11.30%	+43.55%	20.26x	1.60x	+8.35%	+4.26%	+8.10%	+18.76%	Strong Buy
Conglomerates	21	+1.22%	+0.15%	+8.87%	-7.67%	16.15x	5.18x	-9.76%	+2.14%	+8.88%	+11.98%	Strong Buy
Consulting Services	16	+0.89%	+2.07%	+7.21%	+25.19%	31.55x	8.09x	+85.64%	+8.36%	+16.64%	+10.39%	Buy
Electrical Equipment & Parts	54	+1.62%	+2.16%	+5.37%	+33.78%	43.40x	4.59x	+14.95%	+5.51%	+5.16%	+8.50%	Buy
Engineering & Construction	41	+1.77%	+1.89%	+10.29%	+63.10%	-65.04x	4.42x	+11.83%	+5.23%	+13.27%	+4.77%	Strong Buy
Farm & Heavy Construction Machinery	26	+0.27%	+3.15%	+0.63%	+23.28%	13.39x	4.88x	+46.30%	+11.24%	+16.42%	+6.56%	Buy
Industrial Distribution	17	+1.03%	+2.50%	+3.71%	+34.44%	571.15x	6.84x	+34.55%	+15.70%	+28.56%	+5.18%	Strong Buy
Infrastructure Operations	3	+1.24%	+2.94%	+11.14%	+11.50%	53.46x	1.01x	+17.46%	+4.16%	+11.97%	-26.93%	Hold
Integrated Freight & Logistics	22	-0.12%	+0.59%	-0.08%	-8.62%	20.67x	4.05x	+24.31%	+7.80%	+14.95%	+12.32%	Buy
Marine Shipping	40	+0.16%	+2.67%	+12.63%	+52.16%	23.07x	1.10x	+5.76%	+3.69%	+6.01%	+10.90%	Strong Buy
Metal Fabrication	20	+1.17%	+1.46%	+8.93%	+35.79%	22.77x	3.35x	+18.08%	+9.04%	+14.95%	+8.58%	Buy
Pollution & Treatment Controls	17	+1.06%	+2.22%	+4.97%	+27.40%	12.87x	7.75x	+19.67%	+2.57%	+4.92%	+13.69%	Buy
Railroads	11	+0.51%	+0.43%	+2.35%	+23.55%	24.90x	4.63x	+27.08%	+7.76%	+10.47%	+8.61%	Buy
Rental & Leasing Services	23	+1.07%	+3.43%	+5.31%	+44.95%	16.64x	2.39x	+14.48%	+6.14%	+7.69%	+0.81%	Buy
Security & Protection Services	23	+0.92%	+1.01%	+2.07%	+24.00%	21.42x	3.07x	+25.07%	+8.33%	+15.24%	+10.34%	Buy
Shell Companies	201	-0.32%	-0.33%	-0.54%	+3.98%	18.86x	-14.33x	-22.51%	+0.45%	+4.61%	N/A
Specialty Business Services	39	+0.65%	+1.63%	+3.56%	+26.21%	34.51x	4.94x	+27.14%	+11.80%	+19.76%	+8.69%	Buy
Specialty Industrial Machinery	77	+0.79%	+1.39%	+3.30%	+31.62%	24.44x	5.25x	+21.90%	+8.66%	+16.19%	+8.99%	Buy
Staffing & Employment Services	25	+0.67%	+1.25%	+0.24%	+4.95%	27.85x	9.46x	+65.13%	+8.35%	+44.84%	+9.15%	Buy
Tools & Accessories	12	+0.25%	+2.31%	+1.88%	+9.41%	-33.23x	2.82x	+17.16%	+8.02%	+14.15%	+4.48%	Buy
Travel Services	18	+0.58%	+3.15%	+7.62%	+43.60%	25.10x	12.74x	-58.04%	+14.36%	+33.24%	+8.56%	Buy
Trucking	16	+0.57%	+0.80%	-16.30%	+30.81%	29.22x	3.76x	+19.95%	+12.89%	+19.09%	+23.80%	Buy
Waste Management	20	-0.06%	+0.57%	+2.48%	+19.75%	37.34x	5.80x	+20.26%	+5.45%	+9.73%	+8.64%	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. Danaos (NYSE:DAC)

Danaos (NYSE:DAC) 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 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 43.02% over the past year, overperforming other industrial stocks by 21 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 6.66% from Danaos's current stock price of $84.38.

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.

2. Kanzhun (NASDAQ:BZ)

Kanzhun (NASDAQ:BZ) 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 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 16.91% 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 10.91% from Kanzhun's current stock price of $21.64.

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.

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 -25.02% over the past year, underperforming other industrial stocks by -48 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 13.84% from Resources Connection's current stock price of $11.42.

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 2.07%.

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 24.63%, which is 23 percentage points higher than the industrial sector average of 2.07%.

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 16.88%, which is 15 percentage points higher than the industrial sector average of 2.07%. 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 0.71% in the last day, and up 1.44% over the last week. Vertiv Holdings Co was the among the top gainers in the industrials sector, gaining 5.95% yesterday.

Vertiv Holdings shares are trading higher after B of A Securities raised its price target on the stock from $100 to $115.

What are the most undervalued industrial stocks?

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

1. Stealthgas (NASDAQ:GASS)

Stealthgas (NASDAQ:GASS) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Stealthgas 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.

Stealthgas's stock has gained 136.43% in the past year. It has overperformed other stocks in the industrial sector by 114 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 69.96% in the past year. It has overperformed other stocks in the industrial sector by 47 percentage points.

3. Spar Group (NASDAQ:SGRP)

Spar Group (NASDAQ:SGRP) is the third 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 73.53% in the past year. It has overperformed other stocks in the industrial sector by 51 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 8.18% 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 40.21x.

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