5 Top-Rated Industrial Stocks That Can Offer Impressive Gains

What’s more encouraging is that two of United States’ regional manufacturing gauges are showing signs of strength this month, as mentioned in a MarketWatch article. The New York Federal Reserve’s Empire State Index touched the highest reading in April since October 2017, while the Philadelphia Federal Reserve manufacturing index hit the highest level in nearly 50 years this month, per the MarketWatch article.

On this positive note, we have selected five solid industrial stocks that are poised to gain from the strength in the manufacturing sector and scale upward in the near future. These stocks currently flaunt a Zacks Rank #1 (Strong Buy). 

Deere & Company (DE) is currently the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The Zacks Consensus Estimate for its current-year earnings has advanced 21.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 83.7%.

Alcoa Corp. (AA Quick Quote AA - Free Report) is a global industry leader in bauxite, alumina, and aluminum products. The Zacks Consensus Estimate for its current-year earnings has jumped 99.4% over the past 60 days. The company’s expected earnings growth rate for the current year is a whopping 378.5%.

Astec Industries, Inc. (ASTE) is a leading manufacturer and marketer of road-building equipment. The Zacks Consensus Estimate for its current-year earnings has risen 6.3% over the past 60 days. The company’s expected earnings growth rate for the current year is 14.3%.

EnPro Industries (NPO) is a diversified manufacturer of proprietary engineered products used in critical applications. The Zacks Consensus Estimate for its current-year earnings has climbed 63.9% over the past 60 days. The company’s expected earnings growth rate for the current year is 12.8%.

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