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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
FSS
FEDERAL SIGNAL CORP
$5.34B0.48%14.10%$0.1200$0.428%02024-05-162024-05-31
XYL
XYLEM INC
$34.86B0.94%46.90%$0.3600$1.3518%0
FCN
FTI CONSULTING INC
$8.00BN/A0.00%N/AN/AN/AN/A
HON
HONEYWELL INTERNATIONAL INC
$133.53B1.56%48.60%$1.0800$3.1932%02024-05-162024-06-07
UAL
UNITED AIRLINES HOLDINGS INC
$18.07BN/A0.00%N/AN/AN/AN/A
CAAP
CORPORACION AMERICA AIRPORTS SA
$2.95BN/A0.00%N/AN/AN/AN/A
UUU
UNIVERSAL SECURITY INSTRUMENTS INC
$3.56MN/A0.00%N/AN/AN/AN/A
EME
EMCOR GROUP INC
$18.12B0.20%5.20%$0.2500$0.792%0
NOC
NORTHROP GRUMMAN CORP
$69.50B1.59%52.00%$1.8700$7.4833%02024-05-242024-06-12
GVH
GLOBAVEND HOLDINGS LTD
$20.55MN/A0.00%N/AN/AN/AN/A
GTLS
CHART INDUSTRIES INC
$6.68BN/A0.00%N/AN/AN/AN/A
CLWT
EURO TECH HOLDINGS CO LTD
$13.66MN/A0.00%$0.0600N/AN/A0
WTS
WATTS WATER TECHNOLOGIES INC
$7.26B0.66%17.80%$0.3600$1.4412%02024-05-312024-06-14
AXON
AXON ENTERPRISE INC
$22.18BN/A0.00%N/AN/AN/AN/A
SEB
SEABOARD CORP
$3.29B0.27%3.80%$2.2500$9.003%02024-05-20
ITT
ITT INC
$11.46B0.85%23.20%$0.3190$1.1916%02024-06-032024-07-01
AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC
$7.71B0.72%14.70%$0.3700$1.4413%02024-05-31
SXI
STANDEX INTERNATIONAL CORP
$2.13B0.66%18.50%$0.3000$1.1812%02024-05-24
ATKR
ATKORE INC
$5.74B0.20%2.00%$0.3200$0.322%02024-05-202024-05-31
CPRT
COPART INC
$53.18BN/A0.00%N/AN/AN/AN/A
PH
PARKER HANNIFIN CORP
$71.12B1.10%27.50%$1.6300$6.0722%02024-06-07
LHX
L3HARRIS TECHNOLOGIES INC
$42.13B2.06%74.10%$1.1600$4.5842%02024-06-042024-06-18
CVU
CPI AEROSTRUCTURES INC
$36.64MN/A0.00%N/AN/AN/AN/A
J
JACOBS SOLUTIONS INC
$17.24B0.19%15.00%$0.2600$0.262%0
ECO
OKEANIS ECO TANKERS CORP
$1.11BN/A0.00%N/AN/AN/AN/A
SNDR
SCHNEIDER NATIONAL INC
$3.94B1.63%40.10%$0.0950$0.3734%12024-06-072024-07-09
FLS
FLOWSERVE CORP
$6.62B1.61%45.50%$0.2100$0.8134%0
FIX
COMFORT SYSTEMS USA INC
$12.13B0.36%9.10%$0.3000$1.235%02024-05-24
AYI
ACUITY BRANDS INC
$8.20B0.21%4.50%$0.1500$0.562%0
ALGT
ALLEGIANT TRAVEL CO
$1.01B4.33%56.80%$0.6000$2.4074%32024-06-03
CSWI
CSW INDUSTRIALS INC
$3.83B0.32%12.20%$0.2100$0.785%0
MWG
MULTI WAYS HOLDINGS LTD
$9.71MN/A0.00%N/AN/AN/AN/A
ENS
ENERSYS
$3.98B0.86%11.90%$0.2250$0.8516%0
ASR
SOUTHEAST AIRPORT GROUP
$10.43B3.27%55.60%$5.7115$11.3660%2
TITN
TITAN MACHINERY INC
$531.92MN/A0.00%N/AN/AN/AN/A
TFII
TFI INTERNATIONAL INC
$11.57B1.10%26.40%$0.4000$1.5021%2
HUBB
HUBBELL INC
$21.73B1.16%34.70%$1.2200$4.6823%02024-05-312024-06-17
ZWS
ZURN ELKAY WATER SOLUTIONS CORP
$5.66B0.91%41.70%$0.0800$0.3017%12024-05-172024-06-07
VMI
VALMONT INDUSTRIES INC
$5.25B0.92%31.30%$0.6000$2.4018%02024-06-282024-07-15
NCLH
NORWEGIAN CRUISE LINE HOLDINGS LTD
$6.74BN/A0.00%N/AN/AN/AN/A
PWR
QUANTA SERVICES INC
$39.64B0.13%6.40%$0.0900$0.341%0
CPLP
CAPITAL PRODUCT PARTNERS LP
$887.78M3.72%26.40%$0.1500$0.6067%3
KAI
KADANT INC
$3.30B0.42%12.40%$0.3200$1.196%0
FA
FIRST ADVANTAGE CORP
$2.37BN/A652.20%N/AN/AN/AN/A
IEX
IDEX CORP
$16.97B1.14%33.60%$0.6400$2.5623%02024-05-162024-05-31
ERII
ENERGY RECOVERY INC
$807.78MN/A0.00%N/AN/AN/AN/A
FELE
FRANKLIN ELECTRIC CO INC
$4.68B0.93%22.70%$0.2500$0.9518%02024-05-16
WWD
WOODWARD INC
$10.89B0.51%15.40%$0.2500$0.918%12024-05-212024-06-05
CTOS
CUSTOM TRUCK ONE SOURCE INC
$1.09BN/A0.00%N/AN/AN/AN/A
MSA
MSA SAFETY INC
$7.57B1.00%27.60%$0.5100$1.9219%02024-06-10
ALG
ALAMO GROUP INC
$2.42B0.48%8.50%$0.2600$0.968%0
CVEO
CIVEO CORP
$365.30M3.00%35.70%$0.2500$0.7556%12024-05-232024-06-17
NAT
NORDIC AMERICAN TANKERS LTD
$883.21M10.87%97.90%$0.1200$0.4695%14
ETN
EATON CORP PLC
$135.12B1.07%41.40%$0.9400$3.6021%02024-05-24
KELYA
KELLY SERVICES INC
$810.61M1.31%21.40%$0.0750$0.3027%12024-05-172024-06-04
WSO
WATSCO INC
$19.45B2.08%77.10%$2.7000$10.0543%0
HUBG
HUB GROUP INC
$2.72B0.29%5.90%$0.1250$0.134%0
MYRG
MYR GROUP INC
$2.59BN/A0.00%N/AN/AN/AN/A
CHRW
C H ROBINSON WORLDWIDE INC
$9.76B2.93%95.70%$0.6100$2.4455%02024-06-072024-07-01
FLR
FLUOR CORP
$6.58BN/A0.00%$0.1000N/AN/A1
CSX
CSX CORP
$66.15B1.33%24.70%$0.1200$0.4527%02024-05-312024-06-14
CPA
COPA HOLDINGS SA
$4.62B3.71%31.80%$1.6100$4.0767%3
ESP
ESPEY MFG & ELECTRONICS CORP
$62.58M2.51%29.50%$0.1750$0.5849%2
CLH
CLEAN HARBORS INC
$11.47BN/A0.00%N/AN/AN/AN/A
WAB
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
$29.81B0.42%13.80%$0.2000$0.716%0
ARC
ARC DOCUMENT SOLUTIONS INC
$119.61M7.22%100.00%$0.0500$0.2089%02024-07-312024-05-31
ODFL
OLD DOMINION FREIGHT LINE INC
$39.96B0.47%15.10%$0.2600$0.867%0
FAST
FASTENAL CO
$38.35B2.78%90.10%$0.3900$1.8653%12024-05-23
NDSN
NORDSON CORP
$15.70B0.98%31.20%$0.6800$2.6919%02024-05-202024-06-04
CBAT
CBAK ENERGY TECHNOLOGY INC
$114.22MN/A0.00%N/AN/AN/AN/A
ENR
ENERGIZER HOLDINGS INC
$2.21B3.89%100.00%$0.3000$1.2069%02024-05-212024-06-12
NSSC
NAPCO SECURITY TECHNOLOGIES INC
$1.68B0.71%25.40%$0.1000$0.3212%02024-06-032024-06-24
NPK
NATIONAL PRESTO INDUSTRIES INC
$577.11M5.53%99.30%$4.5000$4.5083%2
BBU
BROOKFIELD BUSINESS PARTNERS LP
$1.47B1.26%3.90%$0.0625$0.2526%12024-05-312024-06-28
JBHT
HUNT J B TRANSPORT SERVICES INC
$17.29B1.01%26.60%$0.4300$1.7019%02024-05-24
MRTN
MARTEN TRANSPORT LTD
$1.47B1.33%33.30%$0.0600$0.2427%32024-06-142024-06-28
KFY
KORN FERRY
$3.44B1.55%29.00%$0.3300$1.0232%0
CRAI
CRA INTERNATIONAL INC
$1.18B0.92%25.20%$0.4200$1.5617%02024-05-282024-06-14
ITW
ILLINOIS TOOL WORKS INC
$74.33B2.21%54.20%$1.4000$5.5145%02024-06-282024-07-11
LUV
SOUTHWEST AIRLINES CO
$16.62B2.59%109.10%$0.1800$0.7250%02024-06-182024-07-10
SITE
SITEONE LANDSCAPE SUPPLY INC
$7.22BN/A0.00%N/AN/AN/AN/A
LZ
LEGALZOOMCOM INC
$1.79BN/A0.00%N/AN/AN/AN/A
ASC
ARDMORE SHIPPING CORP
$922.18M4.08%34.60%$0.2100$0.9171%62024-05-312024-06-14
BTOC
ARMLOGI HOLDING CORP
N/AN/A0.00%N/AN/AN/AN/A
MOG.A
MOOG INC
$5.44B0.16%9.10%$0.2700$0.272%0
RYAAY
RYANAIR HOLDINGS PLC
$29.20B0.75%0.00%$0.9653$0.9714%2
DE
DEERE & CO
$115.25B1.34%15.40%$1.4700$5.5427%0
ATSG
AIR TRANSPORT SERVICES GROUP INC
$959.56MN/A0.00%N/AN/AN/AN/A
MEC
MAYVILLE ENGINEERING COMPANY INC
$328.02MN/A0.00%N/AN/AN/AN/A
HEES
H&E EQUIPMENT SERVICES INC
$1.79B2.24%23.50%$0.2750$1.1045%0
DSX
DIANA SHIPPING INC
$351.63M16.88%119.30%$0.0750$0.5399%3
HXL
HEXCEL CORP
$6.04B0.76%44.10%$0.1500$0.5514%1
WM
WASTE MANAGEMENT INC
$83.83B1.36%46.30%$0.7500$2.8528%02024-06-072024-06-21
WSC
WILLSCOT MOBILE MINI HOLDINGS CORP
$7.61BN/A0.00%N/AN/AN/AN/A
NVT
NVENT ELECTRIC PLC
$13.96B0.87%20.90%$0.1900$0.7316%0
PKE
PARK AEROSPACE CORP
$292.26M3.47%319.10%$0.1250$0.5063%3
PLPC
PREFORMED LINE PRODUCTS CO
$665.56M0.59%7.60%$0.2000$0.8010%0
ESLT
ELBIT SYSTEMS LTD
$8.83B1.01%41.20%$0.5000$2.0019%1
NSP
INSPERITY INC
$3.94B2.18%54.90%$0.5700$2.2845%3
MSSA
METAL SKY STAR ACQUISITION CORP
$72.28MN/A0.00%N/AN/AN/AN/A

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
71+0.24%-0.46%+5.63%+12.75%22.54x5.58x+12.32%+4.25%+8.48%+8.27%Strong Buy
20-0.48%+2.26%+5.58%+6.54%15.82x2.99x+22.14%+4.59%+12.08%+21.12%Buy
9+0.00%+2.03%+12.75%+8.14%16.49x4.88x-16.58%+5.44%+8.60%-11.58%Strong Buy
5+0.35%+3.28%+11.30%+43.55%20.26x1.60x+8.35%+4.26%+8.10%+18.76%Strong Buy
21+1.22%+0.15%+8.87%-7.67%16.15x5.18x-9.76%+2.14%+8.88%+11.98%Strong Buy
16+0.89%+2.07%+7.21%+25.19%31.55x8.09x+85.64%+8.36%+16.64%+10.39%Buy
54+1.62%+2.16%+5.37%+33.78%43.40x4.59x+14.95%+5.51%+5.16%+8.50%Buy
41+1.77%+1.89%+10.29%+63.10%-65.04x4.42x+11.83%+5.23%+13.27%+4.77%Strong Buy
26+0.27%+3.15%+0.63%+23.28%13.39x4.88x+46.30%+11.24%+16.42%+6.56%Buy
17+1.03%+2.50%+3.71%+34.44%571.15x6.84x+34.55%+15.70%+28.56%+5.18%Strong Buy
3+1.24%+2.94%+11.14%+11.50%53.46x1.01x+17.46%+4.16%+11.97%-26.93%Hold
22-0.12%+0.59%-0.08%-8.62%20.67x4.05x+24.31%+7.80%+14.95%+12.32%Buy
40+0.16%+2.67%+12.63%+52.16%23.07x1.10x+5.76%+3.69%+6.01%+10.90%Strong Buy
20+1.17%+1.46%+8.93%+35.79%22.77x3.35x+18.08%+9.04%+14.95%+8.58%Buy
17+1.06%+2.22%+4.97%+27.40%12.87x7.75x+19.67%+2.57%+4.92%+13.69%Buy
11+0.51%+0.43%+2.35%+23.55%24.90x4.63x+27.08%+7.76%+10.47%+8.61%Buy
23+1.07%+3.43%+5.31%+44.95%16.64x2.39x+14.48%+6.14%+7.69%+0.81%Buy
23+0.92%+1.01%+2.07%+24.00%21.42x3.07x+25.07%+8.33%+15.24%+10.34%Buy
201-0.32%-0.33%-0.54%+3.98%18.86x-14.33x-22.51%+0.45%+4.61%N/A
39+0.65%+1.63%+3.56%+26.21%34.51x4.94x+27.14%+11.80%+19.76%+8.69%Buy
77+0.79%+1.39%+3.30%+31.62%24.44x5.25x+21.90%+8.66%+16.19%+8.99%Buy
25+0.67%+1.25%+0.24%+4.95%27.85x9.46x+65.13%+8.35%+44.84%+9.15%Buy
12+0.25%+2.31%+1.88%+9.41%-33.23x2.82x+17.16%+8.02%+14.15%+4.48%Buy
18+0.58%+3.15%+7.62%+43.60%25.10x12.74x-58.04%+14.36%+33.24%+8.56%Buy
16+0.57%+0.80%-16.30%+30.81%29.22x3.76x+19.95%+12.89%+19.09%+23.80%Buy
20-0.06%+0.57%+2.48%+19.75%37.34x5.80x+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.
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.