5 high-performing industrial stocks to watch

If stocks continue to climb amid increased risk appetite, this may not be a bad place to be for the rest of the year.

By Benzinga Jun 10, 2014 4:24PM

Credit: © Ty Wright/Bloomberg via Getty Images

Caption: A worker welds an attachment for a clock tower in Cincinnati, OhioBy Scott Rubin


Despite actually being down on the year, industrial stocks led the market on Monday, climbing better than 0.50 percent on the session.


Year to date, however, the sector has lost more than 1 percent compared to a gain of more than 6 percent for the Standard & Poor's 500 Index ($INX).


Normally, investors want to own industrial stocks in a cyclical upturn, and it is not completely clear why the sector has been underperforming in recent months.


If the S&P continues to climb amid increased risk appetite, however, this may not be a bad place to be for the remainder of the year. Although the sector as a whole has fallen slightly on the year, there are a number of industrial names that have soared so for in 2014.


Here is a closer look at five of the top performers in the industrial sector:


Headwaters (HW)

This Utah-based building products company has surged more than 42 percent in 2014 on the back of a recovery in construction spending.


Over the last month alone, the stock has appreciated a little less than 9 percent, giving the company a market cap of just over $1 billion. Wall Street analysts are estimating that the company's revenue will grow by 12 percent in fiscal 2014 to $786.46 million. 


The following year, sales are expected to be up 8.6 percent to $853.74 million. The stock currently trades at a forward P/E of just over 25. The company does not currently pay a dividend.


Matrix Service (MTRX)

This lightly traded stock is likely under the radar of many investors. Matrix Service provides engineering, fabrication, construction and maintenance services primarily to oil, gas, mining and minerals companies. Year-to-date the stock has jumped around 36 percent, making it a top performer in the industrial sector.


Over the last year, shares have nearly doubled. The reason for the big move in MTRX has been aggressive revenue growth in recent quarters. For the June quarter, Wall Street analysts are projecting growth of nearly 51 percent. 


For the fiscal year, sales are expected to grow by almost 43 percent. At current levels, the shares trade at a forward P/E of 19 and a PEG ratio of 2.27. The company does not currently pay a dividend and has a market cap of $880 million.


Patrick Industries (PATK)

Patrick is a provider of component parks to the recreational vehicle (RV) market and also provides building products and materials to the manufactured housing industry. The small-cap stock has been an elite performer in 2014, climbing around 38 percent.


Over the last 52-weeks, PATK has more than doubled, giving the company a current market-cap of $426 million. The stock currently trades at a forward P/E of just under 13 and a PEG ratio of 0.96. In recent years, the company has made a number of acquisitions which have added around $170 million in sales. On Monday, the stock rose another 4 percent after Patrick announced the acquisition of three small painting companies.


Texas Industries (TXI)

This company is a mid-cap construction supply firm located in Dallas, Texas. The stock is currently sitting near all-time high levels as sales have risen in each of the last three fiscal years.


In fiscal 2013, Texas Industries reported revenue of nearly $700 million and analysts are projecting that the company will record sales of over $900 million, representing year over year growth of over 30 percent. 


The stock has also been buoyed over the last three months by increased earnings estimates for the May quarter, with EPS estimates rising from $0.35 to $0.44. During that period, shares have climbed roughly four percent. At current levels, the company has a market-cap of $2.58 billion.


Zebra Technologies (ZBRA)

Zebra is a nearly $4 billion manufacturer of specialty printing devices. The stock is currently sitting near all-time high levels after climbing better than 73 percent over the last 52-weeks.


Year to date, the shares have added almost 46 percent. The company has been able to grow its top-line sales over the last four fiscal years and analysts are projecting sales growth of around 13 percent to $1.17 billion in fiscal 2014. 


Over the last three months, EPS estimates for the current quarter have moved up $0.03 to $0.82. During this time period, the shares have risen around 12 percent. At current levels, the stock trades at a forward P/E of 18.65. Zebra does not currently pay a dividend.


More from Benzinga

1Comment
Jun 11, 2014 6:44AM
avatar
More junk-writing from Benzinga. These are unknown companies doing who-knows-what and an anti-American Wall Street is funding them. 
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

133
133 rated 1
286
286 rated 2
441
441 rated 3
737
737 rated 4
614
614 rated 5
606
606 rated 6
621
621 rated 7
441
441 rated 8
317
317 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
BBBYBED BATH & BEYOND INC10
TWXTIME WARNER Inc10
COPCONOCOPHILLIPS9
HDHOME DEPOT Inc9
VZVERIZON COMMUNICATIONS9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.