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
RCL	ROYAL CARIBBEAN CRUISES LTD	$36.19B	N/A	0.00%	$0.7800	N/A	N/A	0
ORN	ORION GROUP HOLDINGS INC	$315.42M	N/A	0.00%	N/A	N/A	N/A	N/A
ATI	ATI INC	$7.67B	N/A	0.00%	$0.0800	N/A	N/A	1
AVAV	AEROVIRONMENT INC	$5.43B	N/A	0.00%	N/A	N/A	N/A	N/A
GHM	GRAHAM CORP	$313.48M	N/A	0.00%	$0.1100	N/A	N/A	0
HOLI	HOLLYSYS AUTOMATION TECHNOLOGIES LTD	$1.45B	N/A	0.00%	$0.3200	N/A	N/A	2
MTW	MANITOWOC CO INC	$457.77M	N/A	0.00%	$0.3200	N/A	N/A	0
KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS INC	$3.05B	N/A	N/A	N/A	N/A	N/A	N/A
ULCC	FRONTIER GROUP HOLDINGS INC	$1.37B	N/A	0.00%	N/A	N/A	N/A	N/A
TDG	TRANSDIGM GROUP INC	$72.14B	2.71%	138.80%	$35.0000	$35.00	52%	0
NMM	NAVIOS MARITIME PARTNERS LP	$1.35B	0.45%	1.40%	$0.0500	$0.20	7%	3
AOUT	AMERICAN OUTDOOR BRANDS INC	$103.97M	N/A	0.00%	N/A	N/A	N/A	N/A
MVST	MICROVAST HOLDINGS INC	$131.95M	N/A	0.00%	N/A	N/A	N/A	N/A
ENOV	ENOVIS CORP	$2.89B	N/A	0.00%	N/A	N/A	N/A	N/A
GVA	GRANITE CONSTRUCTION INC	$2.76B	0.83%	64.20%	$0.1300	$0.52	15%	0
LXFR	LUXFER HOLDINGS PLC	$333.11M	4.19%	5,200.00%	$0.1300	$0.52	72%	0
DXPE	DXP ENTERPRISES INC	$816.80M	N/A	0.00%	N/A	N/A	N/A	N/A
MARX	MARS ACQUISITION CORP	$101.93M	N/A	0.00%	N/A	N/A	N/A	N/A
GTEC	GREENLAND TECHNOLOGIES HOLDING CORP	$21.21M	N/A	N/A	N/A	N/A	N/A	N/A
AERT	AERIES TECHNOLOGY INC	$21.09M	N/A	0.00%	N/A	N/A	N/A	N/A
OPTT	OCEAN POWER TECHNOLOGIES INC	$11.24M	N/A	0.00%	N/A	N/A	N/A	N/A
AER	AERCAP HOLDINGS NV	$18.41B	N/A	0.00%	N/A	N/A	N/A	N/A
AAL	AMERICAN AIRLINES GROUP INC	$9.80B	N/A	0.00%	$0.1000	N/A	N/A	0
TOMZ	TOMI ENVIRONMENTAL SOLUTIONS INC	$14.97M	N/A	0.00%	N/A	N/A	N/A	N/A
EVLV	EVOLV TECHNOLOGIES HOLDINGS INC	$437.04M	N/A	0.00%	N/A	N/A	N/A	N/A
CEAD	CEA INDUSTRIES INC	$5.84M	N/A	0.00%	N/A	N/A	N/A	N/A
YGMZ	MINGZHU LOGISTICS HOLDINGS LTD	$14.03M	N/A	0.00%	N/A	N/A	N/A	N/A
CODI	COMPASS DIVERSIFIED HOLDINGS	$1.67B	4.53%	416.70%	$0.2500	$1.00	76%	2
ACCO	ACCO BRANDS CORP	$491.59M	5.84%	-115.40%	$0.0750	$0.30	84%	0	2024-05-16	2024-06-12
RR	RICHTECH ROBOTICS INC	$91.35M	N/A	0.00%	N/A	N/A	N/A	N/A
SNT	SENSTAR TECHNOLOGIES LTD	$33.80M	N/A	0.00%	$1.0790	N/A	N/A	0
PLUG	PLUG POWER INC	$2.53B	N/A	0.00%	N/A	N/A	N/A	N/A
BXC	BLUELINX HOLDINGS INC	$926.89M	N/A	0.00%	N/A	N/A	N/A	N/A
WLFC	WILLIS LEASE FINANCE CORP	$423.01M	N/A	0.00%	N/A	N/A	N/A	N/A
ATMU	ATMUS FILTRATION TECHNOLOGIES INC	$2.56B	N/A	0.00%	N/A	N/A	N/A	N/A
TRC	TEJON RANCH CO	$451.27M	N/A	0.00%	N/A	N/A	N/A	N/A
BHAC	FOCUS IMPACT BH3 ACQUISITION CO	$85.19M	N/A	0.00%	N/A	N/A	N/A	N/A
HQI	HIREQUEST INC	$174.02M	1.93%	63.20%	$0.0600	$0.24	40%	0
NTIP	NETWORK-1 TECHNOLOGIES INC	$42.15M	2.78%	-142.90%	$0.0500	$0.05	53%	0
CCL	CARNIVAL CORP	$19.47B	N/A	0.00%	$0.5000	N/A	N/A	0
NKLA	NIKOLA CORP	$758.31M	N/A	0.00%	N/A	N/A	N/A	N/A
GFAI	GUARDFORCE AI CO LTD	$29.79M	N/A	0.00%	N/A	N/A	N/A	N/A
NPO	ENPRO INC	$3.22B	0.76%	-900.00%	$0.3000	$1.17	14%	0	2024-06-05	2024-06-20
LICY	LI-CYCLE HOLDINGS CORP	$103.87M	N/A	0.00%	N/A	N/A	N/A	N/A
TBLT	TOUGHBUILT INDUSTRIES INC	$1.63M	N/A	0.00%	N/A	N/A	N/A	N/A
YOTA	YOTTA ACQUISITION CORP	$43.35M	N/A	0.00%	N/A	N/A	N/A	N/A
GFL	GFL ENVIRONMENTAL INC	$11.83B	0.17%	N/A	$0.0140	$0.05	2%	0
B	BARNES GROUP INC	$2.07B	1.57%	711.10%	$0.1600	$0.64	33%	0	2024-05-29	2024-06-10
APWC	ASIA PACIFIC WIRE & CABLE CORP LTD	$31.23M	N/A	0.00%	$0.0800	N/A	N/A	1
BCSA	BLOCKCHAIN COINVESTORS ACQUISITION CORP I	$144.87M	N/A	0.00%	N/A	N/A	N/A	N/A
SMR	NUSCALE POWER CORP	$1.70B	N/A	0.00%	N/A	N/A	N/A	N/A
MTRX	MATRIX SERVICE CO	$314.87M	N/A	0.00%	N/A	N/A	N/A	N/A
SCWO	374WATER INC	$184.41M	N/A	0.00%	N/A	N/A	N/A	N/A
ADSE	ADS-TEC ENERGY PUBLIC LTD CO	$548.84M	N/A	0.00%	N/A	N/A	N/A	N/A
ATRO	ASTRONICS CORP	$719.14M	N/A	0.00%	N/A	N/A	N/A	N/A
LNZA	LANZATECH GLOBAL INC	$543.75M	N/A	0.00%	N/A	N/A	N/A	N/A
LIQT	LIQTECH INTERNATIONAL INC	$15.68M	N/A	0.00%	N/A	N/A	N/A	N/A
WHLM	WILHELMINA INTERNATIONAL INC	$24.96M	N/A	0.00%	N/A	N/A	N/A	N/A
ULS	UL SOLUTIONS INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
ESHA	ESH ACQUISITION CORP	$152.20M	N/A	0.00%	N/A	N/A	N/A	N/A
TPC	TUTOR PERINI CORP	$1.03B	N/A	0.00%	N/A	N/A	N/A	N/A
CLCO	COOL CO LTD	$629.93M	3.50%	25.20%	$0.4100	$0.41	64%	0
MTZ	MASTEC INC	$8.50B	N/A	0.00%	N/A	N/A	N/A	N/A
TOUR	TUNIU CORP	$115.43M	N/A	0.00%	N/A	N/A	N/A	N/A
MGRC	MCGRATH RENTCORP	$2.67B	1.72%	36.40%	$0.4750	$1.87	36%	0
ESAB	ESAB CORP	$6.71B	N/A	1.60%	$0.0500	N/A	N/A	0
SEPA	SEP ACQUISITION CORP	$58.97M	N/A	0.00%	N/A	N/A	N/A	N/A
FPAY	FLEXSHOPPER INC	$23.93M	N/A	0.00%	N/A	N/A	N/A	N/A
GMFI	AETHERIUM ACQUISITION CORP	$57.91M	N/A	0.00%	N/A	N/A	N/A	N/A
SPXC	SPX TECHNOLOGIES INC	$6.55B	N/A	0.00%	$0.3750	N/A	N/A	0
VSAC	VISION SENSING ACQUISITION CORP	$50.25M	N/A	0.00%	N/A	N/A	N/A	N/A
PRG	PROG HOLDINGS INC	$1.56B	N/A	0.00%	$0.0450	N/A	N/A	0
LASE	LASER PHOTONICS CORP	$20.30M	N/A	0.00%	N/A	N/A	N/A	N/A
SWK	STANLEY BLACK & DECKER INC	$14.06B	3.53%	-468.10%	$0.8100	$3.23	64%	0	2024-06-04	2024-06-18
CVR	CHICAGO RIVET & MACHINE CO	$15.94M	3.15%	-11.10%	$0.1000	$0.52	58%	7	2024-06-05	2024-06-20
HSON	HUDSON GLOBAL INC	$47.23M	N/A	0.00%	$0.5000	N/A	N/A	0
IVCP	SWIFTMERGE ACQUISITION CORP	$74.08M	N/A	0.00%	N/A	N/A	N/A	N/A
MOND	MONDEE HOLDINGS INC	$195.74M	N/A	0.00%	N/A	N/A	N/A	N/A
NVRI	ENVIRI CORP	$665.66M	N/A	0.00%	$0.0510	N/A	N/A	1
DESP	DESPEGARCOM CORP	$825.11M	N/A	0.00%	N/A	N/A	N/A	N/A
BRKH	BURTECH ACQUISITION CORP	$168.76M	N/A	0.00%	N/A	N/A	N/A	N/A
SAVE	SPIRIT AIRLINES INC	$444.58M	24.63%	-22.50%	$0.1000	$1.00	100%	0
ASLE	AERSALE CORP	$408.70M	N/A	0.00%	N/A	N/A	N/A	N/A
FNVT	FINNOVATE ACQUISITION CORP	$102.76M	N/A	0.00%	N/A	N/A	N/A	N/A
CVLG	COVENANT LOGISTICS GROUP INC	$613.10M	0.47%	10.10%	$0.1100	$0.22	7%	0
MHH	MASTECH DIGITAL INC	$99.24M	N/A	0.00%	N/A	N/A	N/A	N/A
RLGT	RADIANT LOGISTICS INC	$237.83M	N/A	0.00%	N/A	N/A	N/A	N/A
UMAC	UNUSUAL MACHINES INC	$10.27M	N/A	0.00%	N/A	N/A	N/A	N/A
MIR	MIRION TECHNOLOGIES INC	$2.40B	N/A	0.00%	N/A	N/A	N/A	N/A
KE	KIMBALL ELECTRONICS INC	$562.54M	N/A	0.00%	N/A	N/A	N/A	N/A
ALSA	ALPHA STAR ACQUISITION CORP	$139.86M	N/A	0.00%	N/A	N/A	N/A	N/A
JCSE	JE CLEANTECH HOLDINGS LTD	$3.74M	N/A	0.00%	N/A	N/A	N/A	N/A
ATXG	ADDENTAX GROUP CORP	$4.34M	N/A	0.00%	N/A	N/A	N/A	N/A
CCTS	CACTUS ACQUISITION CORP 1 LTD	$62.37M	N/A	0.00%	N/A	N/A	N/A	N/A
JUNE	JUNEE LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
OESX	ORION ENERGY SYSTEMS INC	$27.81M	N/A	0.00%	N/A	N/A	N/A	N/A
CECO	CECO ENVIRONMENTAL CORP	$877.58M	N/A	0.00%	$0.0750	N/A	N/A	0
CR	CRANE CO	$8.55B	0.12%	9.50%	$0.1800	$0.18	1%	0
HLMN	HILLMAN SOLUTIONS CORP	$1.90B	N/A	0.00%	N/A	N/A	N/A	N/A
DPRO	DRAGANFLY INC	$14.77M	N/A	0.00%	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	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.

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.