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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
FBYD	FALCON's BEYOND GLOBAL INC	United States	$1.24B	124,913,365	0.24%	99.76%
BWAQ	BLUE WORLD ACQUISITION CORP	United States	$62.47M	5,543,060	55.33%	34.28%	Net Selling
VCXB	10X CAPITAL VENTURE ACQUISITION CORP III	United States	$144.61M	13,194,282	14.81%	0.00%
GPATU	GP-ACT III ACQUISITION CORP	Cayman Islands	N/A	33,333,334	0.00%	0.00%
LEGT	LEGATO MERGER CORP III	United States	$260.83M	25,799,375	72.02%	18.18%	Net Selling	Net Selling
HSHP	HIMALAYA SHIPPING LTD	Bermuda	$404.32M	43,900,000	16.23%	0.00%
WAVS	WESTERN ACQUISITION VENTURES CORP	United States	$38.35M	3,525,267	3.93%	96.07%
GPAK	GAMER PAKISTAN INC	United States	$6.14M	25,579,319	0.42%	0.00%
SERV	SERVE ROBOTICS INC	United States	$120.14M	37,080,717	0.00%	2.66%	Net Buying	Net Buying
HAFN	HAFNIA LTD	Singapore	$4.41B	510,157,851	0.00%	0.00%
QETA	QUETTA ACQUISITION CORP	United States	$91.71M	8,947,045	61.58%	38.42%	Net Buying
EVTL	VERTICAL AEROSPACE LTD	United Kingdom	$159.52M	221,249,244	0.35%	1.86%
ECO	OKEANIS ECO TANKERS CORP	Greece	$1.12B	32,194,108	9.35%	0.00%
DYCQ	DT CLOUD ACQUISITION CORP	United Kingdom	$91.15M	8,963,000	61.28%	19.25%
SHMD	SCHMID GROUP NV	Germany	$36.45M	10,125,017	39.32%	4.17%	Net Selling
VATE	INNOVATE CORP	United States	$65.68M	85,192,032	22.25%	77.75%	Net Buying	Net Buying
LOAR	LOAR HOLDINGS INC	United States	$4.62B	89,703,571	0.00%	100.00%	Net Buying	Net Buying
PBI	PITNEY BOWES INC	United States	$942.67M	178,875,218	55.71%	11.86%	Net Selling	Net Selling
RFAC	RF ACQUISITION CORP	Singapore	$64.25M	5,819,649	44.69%	0.00%
CLBR	COLOMBIER ACQUISITION CORP II	United States	$220.36M	21,250,000	72.06%	0.00%
ROMA	ROMA GREEN FINANCE LTD	Hong Kong	$7.98M	10,425,289	0.48%	0.00%
LILM	LILIUM NV	Germany	$642.43M	526,579,207	2.07%	0.00%
NBST	NEWBURY STREET ACQUISITION CORP	United States	$63.49M	5,857,433	21.95%	78.05%
CFFS	CF ACQUISITION CORP VII	United States	$111.44M	10,280,134	50.80%	47.59%
MNTN	EVEREST CONSOLIDATOR ACQUISITION CORP	United States	$131.79M	11,704,608	62.74%	0.00%
HOVR	NEW HORIZON AIRCRAFT LTD	Canada	$25.14M	18,220,436	4.43%	57.68%
AACI	ARMADA ACQUISITION CORP I	United States	$81.68M	7,127,187	3.12%	96.88%
HLXB	HELIX ACQUISITION CORP II	United States	$237.82M	23,000,000	69.87%	6.14%	Net Buying
NMHI	NATURE's MIRACLE HOLDING INC	United States	$17.83M	26,456,751	0.57%	70.39%
BKHA	BLACK HAWK ACQUISITION CORP	United States	$90.28M	8,929,500	63.52%	19.32%
ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP	United States	$440.74M	43,125,000	72.36%	0.00%
AFJK	AIMEI HEALTH TECHNOLOGY CO LTD	United States	$93.06M	9,026,000	75.53%	22.79%	Net Buying
AITR	AI TRANSPORTATION ACQUISITION CORP	Cayman Islands	$80.96M	7,837,750	61.89%	38.11%
BAYA	BAYVIEW ACQUISITION CORP	United States	$78.72M	7,732,500	69.52%	19.40%
ZONE	CLEANCORE SOLUTIONS INC	United States	N/A	7,955,940	0.00%	57.06%	Net Buying	Net Buying
SMX	SMX (SECURITY MATTERS) PUBLIC LTD CO	Ireland	$2.86M	18,922,302	2.60%	0.00%
VLTO	VERALTO CORP	United States	$24.34B	246,846,767	89.71%	0.19%	Net Selling	Net Selling
THCP	THUNDER BRIDGE CAPITAL PARTNERS IV INC	United States	$105.82M	10,078,337	27.24%	72.76%
FEXD	FINTECH ECOSYSTEM DEVELOPMENT CORP	United States	$78.99M	6,904,503	46.07%	7.00%	Net Selling
DECA	DENALI CAPITAL ACQUISITION CORP	United States	$52.05M	7,110,329	30.97%	14.35%
MITA	COLISEUM ACQUISITION CORP	United States	$71.70M	6,626,360	37.35%	39.61%
SLAM	SLAM CORP	United States	$259.62M	23,452,959	38.05%	29.72%
CMCA	CAPITALWORKS EMERGING MARKETS ACQUISITION CORP	Cayman Islands	$110.48M	9,998,396	7.75%	92.25%
HHGC	HHG CAPITAL CORP	Singapore	$57.58M	5,050,561	4.97%	33.51%
EVE	EVE MOBILITY ACQUISITION CORP	United States	$173.98M	15,603,171	37.29%	19.20%
TBMC	TRAILBLAZER MERGER CORP I	United States	$97.44M	9,019,499	59.75%	40.25%
TGAA	TARGET GLOBAL ACQUISITION I CORP	Cayman Islands	$105.16M	9,306,635	18.59%	81.41%
ONYX	ONYX ACQUISITION CO I	United States	$88.43M	7,945,461	14.04%	85.96%	Net Selling	Net Selling
DPCS	DP CAP ACQUISITION CORP I	United States	$80.84M	7,249,997	19.28%	58.49%
IGTA	INCEPTION GROWTH ACQUISITION LTD	United States	$62.36M	5,588,391	45.27%	26.28%
NOVV	NOVA VISION ACQUISITION CORP	Singapore	$39.75M	3,318,297	20.45%	79.55%	Net Selling
PEGR	PROJECT ENERGY REIMAGINED ACQUISITION CORP	United States	$160.76M	17,473,772	39.37%	31.03%
QDRO	QUADRO ACQUISITION ONE CORP	United States	$86.11M	7,820,680	19.16%	80.84%
RWOD	REDWOODS ACQUISITION CORP	United States	$10.65M	1,760,194	21.28%	78.72%
PLMI	PLUM ACQUISITION CORP I	United States	$125.39M	11,236,002	28.41%	1.33%
PLTN	PLUTONIAN ACQUISITION CORP	United States	$40.01M	5,000,767	60.13%	28.75%
PTWO	PONO CAPITAL TWO INC	United States	$67.92M	5,216,290	4.31%	52.28%	Net Buying	Net Buying
ZLS	ZALATORIS II ACQUISITION CORP	Brazil	$131.21M	12,004,957	53.35%	8.58%
SEDA	SDCL EDGE ACQUISITION CORP	Cayman Islands	$200.85M	18,176,744	65.73%	22.01%
IXAQ	IX ACQUISITION CORP	United States	$97.14M	8,596,071	33.98%	46.56%
CVII	CHURCHILL CAPITAL CORP VII	United States	$982.48M	91,564,261	60.74%	8.49%	Net Selling
IVCA	INVESTCORP INDIA ACQUISITION CORP	Cayman Islands	$183.07M	16,258,196	55.96%	0.00%
EMCG	EMBRACE CHANGE ACQUISITION CORP	United States	$83.44M	7,423,175	67.94%	29.93%
IFIN	INFINT ACQUISITION CORP	United States	$121.67M	10,580,104	43.95%	19.66%	Net Selling	Net Selling
SCRM	SCREAMING EAGLE ACQUISITION CORP	United States	$365.72M	35,925,223	95.08%	4.92%	Net Selling	Net Selling
HAIA	HEALTHCARE AI ACQUISITION CORP	United Kingdom	$60.05M	5,390,599	5.54%	94.46%
AOGO	AROGO CAPITAL ACQUISITION CORP	United States	$47.68M	4,349,909	39.53%	5.00%
BACA	BERENSON ACQUISITION CORP I	United States	$84.12M	7,942,968	16.32%	75.03%
LCW	LEARN CW INVESTMENT CORP	United States	$165.67M	15,088,421	28.02%	71.98%	Net Selling
PHYT	PYROPHYTE ACQUISITION CORP	United States	$159.38M	14,005,087	63.30%	35.92%
RRAC	RIGEL RESOURCE ACQUISITION CORP	United States	$361.27M	32,070,033	75.11%	0.00%
FLFV	FEUTUNE LIGHT ACQUISITION CORP	United States	$61.85M	5,607,419	46.69%	53.31%	Net Selling
CBRG	CHAIN BRIDGE I	United States	$75.95M	6,756,683	12.33%	14.66%	Net Selling
FORL	FOUR LEAF ACQUISITION CORP	United States	$74.25M	6,830,460	70.06%	0.00%
ATEK	ATHENA TECHNOLOGY ACQUISITION CORP II	United States	$136.09M	12,033,039	10.48%	89.52%
ACAC	ACRI CAPITAL ACQUISITION CORP	United States	$44.56M	3,971,634	34.69%	65.31%
AIMAU	AIMFINITY INVESTMENT CORP I	United States	$63.03M	5,617,498	68.65%	8.76%
GHIX	GORES HOLDINGS IX INC	United States	$203.62M	19,154,977	32.26%	5.22%
RCFA	RCF ACQUISITION CORP	United States	$118.33M	10,527,671	44.04%	38.43%
GDST	GOLDENSTONE ACQUISITION LTD	United States	$75.90M	6,837,711	70.57%	18.61%
FTII	FUTURETECH II ACQUISITION CORP	United States	$65.29M	5,829,510	30.37%	8.92%
TCOA	ZALATORIS ACQUISITION CORP	United States	$117.59M	10,670,618	25.86%	0.00%
GTAC	GLOBAL TECHNOLOGY ACQUISITION CORP I	United States	$79.34M	7,089,996	18.95%	35.26%
ALCY	ALCHEMY INVESTMENTS ACQUISITION CORP 1	United States	$159.88M	14,970,500	72.99%	0.00%
ADRT	AULT DISRUPTIVE TECHNOLOGIES CORP	United States	$41.19M	2,942,180	0.24%	99.76%
HCVI	HENNESSY CAPITAL INVESTMENT CORP VI	United States	$174.98M	16,633,232	31.43%	36.81%	Net Selling
AQU	AQUARON ACQUISITION CORP	United States	$49.86M	4,553,150	60.81%	31.57%
ACBA	ACE GLOBAL BUSINESS ACQUISITION LTD	China	$41.96M	3,431,179	28.97%	47.77%	Net Selling	Net Selling
CNDA	CONCORD ACQUISITION CORP II	United States	$229.71M	21,701,457	63.68%	7.37%	Net Selling
TRTL	TORTOISEECOFIN ACQUISITION CORP III	United States	$262.94M	24,144,813	71.79%	0.00%
BOCN	BLUE OCEAN ACQUISITION CORP	United States	$121.44M	10,900,965	50.89%	17.39%
ATMC	ALPHATIME ACQUISITION CORP	United States	$76.16M	6,873,426	56.29%	43.71%
CDAQ	COMPASS DIGITAL ACQUISITION CORP	Cayman Islands	$113.66M	10,504,750	47.44%	13.20%
HSPO	HORIZON SPACE ACQUISITION I CORP	United States	$85.76M	7,832,390	56.06%	43.94%
BITE	BITE ACQUISITION CORP	United States	$69.19M	7,999,298	8.24%	91.76%
MCAA	MOUNTAIN & CO I ACQUISITION CORP	Cayman Islands	$199.56M	17,263,065	44.93%	55.07%
TLGY	TLGY ACQUISITION CORP	Cayman Islands	$200.77M	17,595,730	33.51%	0.00%
RFAIU	RF ACQUISITION CORP II	Singapore	N/A	13,100,000	0.00%	0.00%
FHLT	FUTURE HEALTH ESG CORP	United States	$70.35M	5,936,447	18.69%	81.31%	Net Selling	Net Selling
OSI	OSIRIS ACQUISITION CORP	United States	$94.29M	8,853,541	32.87%	25.72%

Industrial Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Aerospace & Defense	72	+0.29%	-0.34%	+5.69%	+16.05%	21.79x	5.62x	+12.28%	+4.24%	+8.49%	+7.84%	Strong Buy
Airlines	20	-0.57%	+0.45%	+2.08%	+1.70%	15.77x	2.97x	+22.14%	+4.54%	+11.73%	+24.42%	Buy
Airports & Air Services	9	-0.06%	+1.85%	+18.29%	+8.96%	16.73x	4.95x	-17.47%	+5.55%	+8.58%	-12.95%	Strong Buy
Business Equipment & Supplies	5	-0.44%	+1.15%	+11.22%	+43.59%	19.74x	1.59x	+8.35%	+4.27%	+8.11%	+21.22%	Strong Buy
Conglomerates	21	+0.59%	+4.32%	+10.22%	-9.46%	16.07x	5.24x	-10.89%	+2.23%	+8.54%	+12.48%	Strong Buy
Consulting Services	16	+0.05%	+0.67%	+8.61%	+24.64%	32.44x	8.09x	+86.84%	+8.45%	+16.78%	+10.18%	Buy
Electrical Equipment & Parts	53	-0.77%	-1.73%	+4.45%	+30.77%	39.70x	4.39x	+14.69%	+5.44%	+4.87%	+12.43%	Buy
Engineering & Construction	41	-0.01%	-2.45%	+9.80%	+58.60%	-65.95x	4.32x	+11.70%	+5.18%	+13.19%	+7.58%	Strong Buy
Farm & Heavy Construction Machinery	26	+0.25%	-1.97%	-0.67%	+19.86%	13.13x	4.76x	+46.42%	+11.27%	+16.59%	+9.66%	Buy
Industrial Distribution	17	+0.13%	-0.80%	+3.83%	+31.44%	533.60x	6.69x	+34.59%	+15.76%	+28.64%	+7.38%	Strong Buy
Infrastructure Operations	3	-0.49%	+5.20%	+13.51%	+8.86%	53.40x	1.01x	+17.47%	+4.17%	+11.97%	-26.82%	Hold
Integrated Freight & Logistics	22	-0.77%	-1.15%	+3.17%	-9.34%	20.86x	4.11x	+24.24%	+7.80%	+15.01%	+12.69%	Buy
Marine Shipping	40	+0.64%	+2.97%	+16.21%	+52.40%	23.32x	1.12x	+4.93%	+3.39%	+5.53%	+10.74%	Strong Buy
Metal Fabrication	20	-0.78%	-0.60%	+8.11%	+33.20%	22.49x	3.29x	+18.16%	+9.02%	+15.06%	+9.87%	Buy
Pollution & Treatment Controls	17	-0.30%	-0.17%	+4.48%	+24.68%	12.65x	7.70x	+19.43%	+2.55%	+4.89%	+14.82%	Buy
Railroads	11	-0.06%	-0.50%	+4.17%	+23.59%	24.95x	4.63x	+27.00%	+7.76%	+10.43%	+8.68%	Buy
Rental & Leasing Services	23	+0.51%	-0.23%	+6.85%	+41.04%	16.37x	2.34x	+14.54%	+6.10%	+7.59%	+3.15%	Buy
Security & Protection Services	23	+0.16%	-0.33%	+2.25%	+22.72%	21.22x	3.04x	+24.93%	+8.29%	+15.19%	+11.70%	Buy
Shell Companies	200	-0.05%	+0.24%	+0.42%	+4.92%	16.84x	-14.96x	-20.93%	+0.46%	+4.71%	N/A
Specialty Business Services	38	+0.09%	+0.06%	+3.91%	+25.32%	34.51x	4.94x	+27.23%	+11.83%	+19.79%	+8.62%	Buy
Specialty Industrial Machinery	76	+0.06%	-0.90%	+2.63%	+29.74%	25.65x	5.18x	+23.08%	+9.11%	+17.05%	+11.03%	Buy
Staffing & Employment Services	25	+0.12%	+1.26%	+1.59%	+5.83%	28.32x	9.61x	+65.48%	+8.35%	+44.95%	+7.93%	Buy
Tools & Accessories	12	+2.01%	+0.54%	+3.96%	+9.53%	-32.28x	2.80x	+17.14%	+8.04%	+14.16%	+3.96%	Buy
Travel Services	18	-0.57%	-1.74%	+6.86%	+38.28%	25.24x	12.69x	-56.30%	+14.29%	+32.93%	+10.64%	Buy
Trucking	16	-1.47%	-2.30%	-13.32%	+27.82%	28.68x	3.70x	+19.99%	+12.96%	+19.17%	+26.35%	Buy
Waste Management	20	+0.19%	+0.27%	+4.10%	+20.92%	37.74x	5.85x	+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. Danaos (NYSE:DAC)

Danaos (NYSE:DAC) 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 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.

2. Kanzhun (NASDAQ:BZ)

Kanzhun (NASDAQ:BZ) 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 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.

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 2.07%.

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 26.32%, which is 24 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 16.67%, 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 0.04% 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. 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 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.

2. Spar Group (NASDAQ:SGRP)

Spar Group (NASDAQ:SGRP) is the second 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.

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 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 140.41% in the past year. It has overperformed other stocks in the industrial sector by 119 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.