5 industrial stocks with over 40% YTD returns to explore

Highlights

  • The net earnings of General Dynamics Corporation (NYSE: GD) increased by more than 17% YoY in the second quarter of fiscal 2021.
  • The net sales of Carrier Global Corporation (NYSE: CARR) was up 37% YoY in Q2, FY21
  • The net income of Old Dominion Freight Line, Inc. (NASDAQ: ODFL) jumped 82.4% YoY in the second quarter of fiscal 2021

Industrial stocks are economically sensitive stocks, that vary according to the economic momentum. There are various segments under the industrial sector like manufacturing, professional services, transportation services, and others.

The industrial sector, or the secondary sector, most attracts long-time investors who are willing to take risky bets, because of its cyclical nature. The sector was among the most hit sectors during the pandemic but is gradually bouncing back as the economy started to recover.

Let's explore some industrial stocks that gave a return of more than 40% YTD.

Also read: Five hot small-cap stocks that gave over 390% return YTD

General Dynamics Corporation (NYSE: GD)

General Dynamics is a leading aerospace and defense company in the United States that provides business jets, combat vehicles, communication services, and other related solutions to its clients. It is based out of Reston, Virginia.

The shares of the company traded at US$208.04 at 7:57 am ET on October 22, unchanged from its closing price of October 21. Its stock value increased by 42.55% YTD.

The firm has a market cap of US$58.15 billion, a P/E Ratio of 18.12, and a forward P/E one-year ratio of 18.11. Its EPS is US$11.48.

The 52-week highest and lowest stock prices were US$209.63 and US$129.17, respectively. Its trading volume was 831,386 on October 21.

The firm will release its third-quarter financial results on October 27, at 9:00 am ET.

Meanwhile, in the second quarter of fiscal 2021, the company's revenue decreased by 0.5% YoY to US$9.22 billion, while its net earnings surged 17.9% YoY to US$737 million.

Also read: Dow Inc. (DOW) total revenue jumps 53% in third quarter

Industrial Stocks: GD, JCI, CARR, ODFL, GNRC

Johnson Controls International PLC (NYSE: JCI)

Johnson Controls is a heat, ventilation, and air conditioning (HVAC) company based in Cork, Ireland. It engages in the distribution of various security equipment for its customers.

The closing price of the company's stocks was priced at US$73.93 on October 21, up 1.11% from its previous closing price. The JCI stock rose 60.09% YTD.

The market cap of the company is US$52.65 billion, the P/E Ratio is 29.57, and the forward P/E one-year ratio is 27.90. Its EPS is US$2.50.

The stock’s highest price was US$76.83 and its lowest price was US$40.92 in the last 52 weeks. Its share volume on October 21 was 2,084,028.

The firm is expected to report its fourth-quarter earnings results on November 5, before the bell.

The company's net sales were US$6.34 billion in Q3, FY21, as compared to US$5.34 billion in the same quarter a year ago. Its net income came in at US$661 million, against a loss of US$122 million in Q3, FY20.

Also Read: American Airlines Group (AAL) posts third-quarter profit of US$169 million

Carrier Global Corporation (NYSE: CARR)

Carrier Global is a home appliances company that offers various sustainable building products, commercial and transport refrigeration services, and other related solutions. It is headquartered in Palm Beach Gardens, Florida.

The shares of the company traded at US$54.32 at 8:07 am ET on October 22, unchanged from its closing price of October 21. Its stock value surged 46.69% YTD.

The firm has a market cap of US$47.13 billion, a P/E Ratio of 19.26, and a forward P/E one-year ratio of 24.69. Its EPS is US$2.82.

The 52-week highest and lowest stock prices were US$58.89 and US$32.76, respectively. Its trading volume was 2,398,026 on October 21.

The company will release its third-quarter earnings report on October 28, before the market opens.

The net sales of Carrier Global surged 37% YoY to US$5.4 billion in Q2, FY21. Its net income attributable to common shareholders was US$487 million, as compared to US$261 million in Q2, FY20.

Also read: IBM stock dives 9% after lackluster third-quarter results

Old Dominion Freight Line, Inc. (NASDAQ: ODFL)

Old Dominion Freight is a transportation company that primarily provides truckload shipping services. It is based in Thomasville, North Carolina.

The closing stock price of the company was US$318.69 on October 21, up 1.76% from its previous closing price. The ODFL stock soared 67.12% YTD.

The market cap of the company is US$83.04 billion, the P/E Ratio is 43.48, and the forward P/E one-year ratio is 37.45. Its EPS is US$7.33.

The stock saw the highest price of US$320.00 and the lowest price of US$185.20 in the last 52 weeks. Its share volume on October 21 was 558,259.

The company is expected to release its third-quarter earnings results on October 27.

The company's total revenue surged 47.2% YoY to US$1.31 billion in Q2, FY21, while its net income surged 82.4% YoY to US$269.57 million.

Also read: SAP SE (SAP) raises guidance, Union Pacific (UNP) posts higher profits

Industrial stocks to watch in Q4, that gave over 40% YTD return

Source: Pixabay

Generac Holdings Inc. (NYSE: GNRC)

Generac Holdings is a manufacturing corporation based in Waukesha, Wisconsin. It manufactures backup power generation products for the residential and other industrial markets.

The shares of the company traded at US$475.00 at 8:29 am ET on October 22, up 0.70% from its closing price of October 21. Its stock value grew 110.06% YTD.

The firm has a market cap of US$29.77 billion, a P/E Ratio of 58.02, and a forward P/E one-year ratio of 46.89. Its EPS is US$8.13.

The 52-week highest and lowest stock prices were US$476.31 and US$202.02, respectively. Its trading volume was 419,694 on October 21.

The firm will report its third-quarter earnings results on November 2, at 10:00 AM ET.

The company's net sales were US$919.98 million in Q2, FY21, as compared to US$546.84 million in the same quarter a year. Its net income was US$127.90 million, as compared to US$63.59 million in the same quarter of the previous year.

Also read: Crocs Inc. (CROX) stock jumps on strong Q3 results, revenue guidance

Bottom line:

The industrial sector is maintaining a steady momentum in recent days, with the economic recovery on track. However, before considering an investment, an investor should also focus on the recent market scenario, like labor shortages, supply-chain disruptions, surge in raw material prices, etc.

Meanwhile, the S&P 500 industrial sector grew 17.82% YTD, while increasing 6.81% QTD.

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