Technological advancements have changed the way we live our everyday lives. The world has become so interconnected that it’s almost impossible to go anywhere without witnessing the effects of technological innovations. Even if you don’t work in a technical field, you can see how technology has changed society by looking at your mobile phone and social media platforms. In particular, the agricultural and construction industries have seen a huge rise in machinery usage. This article will look closely at four top machinery stocks worth investing in today.
Mueller Water Products (MWA)
Mueller Water Products, Inc. is a water infrastructure company that manufactures and sells water-related products and services to municipalities, energy companies, industrial end-users, and agricultural customers. Its product portfolio includes valves and controls, hydrants, meters, fittings, pump components, specialty engineered products, and other water-related products. Its end-users include municipal water and wastewater utilities, electric power generation companies, natural gas transmission, and distribution companies, petrochemical and refining companies, refineries, and industrial facilities. This company has a Z-Score of 2.8, indicating that it is in the “fairly safe” zone. In addition, it has a low Debt-to-Equity ratio of 0.48, along with a healthy Current Ratio of 1.72. These factors will help to protect the company’s cash flows in the event of an economic downturn. Further, the company has a Price-to-Earnings Ratio of 28.08 and a Price-to-Book Ratio of 6.51. These numbers indicate that the stock is fairly valued based on its current earnings and financial position.
FirstService (FSV)
FirstService is a real estate investment trust that invests in and manages a portfolio of single-tenant, residential- and commercial properties in North America. The company’s portfolio comprises single-tenant properties owned by third parties under long-term leases. It also provides property management services to third parties. This company has a Z-Score of 3.2, so its current financial position is strong. In addition, it has a low Debt-to-Equity ratio of 0.06, along with a healthy Current Ratio of 1.13. These factors will help to protect the company’s cash flows in the event of an economic downturn. Further, the company has a Price-to-Earnings Ratio of 16.5 and a Price-to-Book Ratio of 1.05. These numbers indicate that the stock is fairly valued based on its current earnings and financial position.
The Howard Hughes Corporation (HHC)
The Howard Hughes Corporation is a real estate development company that acquires, develops, and manages commercial properties. Its properties include office buildings, hotels, residential properties, and retail centers. Its properties are primarily located in the United States, with most of its properties in California. This company has a Z-Score of 2.8, indicating that it is in the “fairly safe” zone. In addition, it has a low Debt-to-Equity ratio of 0.08, along with a healthy Current Ratio of 1.77. These factors will help to protect the company’s cash flows in the event of an economic downturn. Further, the company has a Price-to-Earnings Ratio of 22.7 and a Price-to-Book Ratio of 4.33. These numbers indicate that the stock is fairly valued based on its current earnings and financial position.
Compass Minerals International (CMP)
Compass Minerals International provides food crop nutrients, animal health products, and specialty chemicals for agricultural markets. Its food crop nutrients products are used in conventional and sustainable agriculture practices. Its products include plant nutrients, crop protection, and crop nutrition. Its animal health products include feed- and water-treatment solutions for livestock health and nutrition and health supplements for companion animals. Its specialty chemicals consist of chlorine and caustic products used in various industrial applications, including water and wastewater treatment, oil and gas exploration and production, mining, paper processing, and chemical manufacturing. This company has a Z-Score of 2.8, indicating that it is in the “fairly safe” zone. In addition, it has a low Debt-to-Equity ratio of 0.16, along with a healthy Current Ratio of 1.47. These factors will help to protect the company’s cash flows in the event of an economic downturn.
Further, the company has a Price-to-Earnings Ratio of 42.8 and a Price-to-Book Ratio of 4.61. These numbers indicate that the stock is fairly valued based on its current earnings and financial position. Conclusively, these are the four top machinery stocks to buy right now. In addition, their strong financial positions and high growth potential make them attractive long-term investments.