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10 Best Heavy Equipment and Industrial Machinery Stocks to Buy

In this article, we will take a look at the 10 best heavy equipment and industrial machinery stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Heavy Equipment and Industrial Machinery Stocks to Buy.

The heavy equipment and industrial machinery industry plays a vital role in driving economic growth and development across various sectors. From construction and manufacturing to mining and infrastructure, these companies provide the backbone for progress and efficiency.

The Heavy Equipment and Industrial Machinery Industry: An Analysis

The global heavy equipment and industrial machinery industry has experienced significant growth in recent years, driven by rising construction activities and government initiatives worldwide. According to an industry analysis report by Grand View Research, the global construction equipment market was worth $183.48 billion in 2022 and is expected to reach a value of $346.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.3% over the forecasted period. This growth is primarily attributed to increasing construction investments, government programs, and the demand for better infrastructure in developing economies.

The construction equipment market offers exciting opportunities, particularly with the emergence of electric construction equipment. Although in its early stages, electric equipment, such as battery-powered excavators and wheel loaders, presents numerous benefits in terms of maintenance, noise reduction, and operator convenience.

Region-wise, Asia Pacific dominated the construction equipment market, accounting for over 45.77% of the global revenue share in 2022. The APAC region is expected to grow its revenue share by 9.2% from 2023 through 2030. The region’s robust growth is propelled by favorable government policies, increasing urbanization, and infrastructure development in major economies in the region such as China and India.

The heavy equipment and industrial machinery industry is expected to grow at a healthy high single-digit rate through 2030. Investing in heavy equipment and industrial machinery stocks can help investors capitalize on the secular growth trends of this industry. Some of the best heavy equipment and industrial machinery stocks to buy now include CNH Industrial N.V. (NYSE:CNHI), Caterpillar Inc. (NYSE:CAT), and Deere & Company (NYSE:DE). Let’s now discuss these stocks, among others, in detail below.

Nestor Rizhniak/Shutterstock.com

Our Methodology

We used Yahoo Finance’s stock screener to screen for companies operating in the heavy equipment and industrial machinery industry. We compiled a list of 29 stocks and sourced each stock’s hedge fund sentiment from Insider Monkey’s database of approximately 900 institutional investors. Finally, the stocks that were the most widely held by hedge funds were selected for this list. We have ranked these stocks in ascending order of the number of hedge funds that have stakes in them.

10 Best Heavy Equipment and Industrial Machinery Stocks to Buy

10. The Shyft Group Inc. (NASDAQ:SHYF)

Number of Hedge Fund Holders: 16

The Shyft Group, Inc. (NASDAQ:SHYF) is a leading global manufacturer of specialty vehicles for the commercial vehicle and recreational vehicle industries. This February, DA Davidson analyst Michael Shlisky revised his price target on The Shyft Group, Inc. (NASDAQ:SHYF) to $32 from $38 and maintained a Buy rating on the shares.

On April 27, The Shyft Group, Inc. (NASDAQ:SHYF) posted earnings for the fiscal first quarter of 2023. The company reported an EPS of $0.12 and outperformed EPS estimates by $0.10. The company generated a revenue of $243.44 million, up 17.67% year over year and ahead of Wall Street consensus by $17.48 million.

Shares of The Shyft Group, Inc. (NASDAQ:SHYF) have gone up by 9.14% over the past 6 months, as of April 28, and the stock is offering a forward dividend yield of 0.80%. The Shyft Group, Inc. (NASDAQ:SHYF) is one of the best heavy equipment and industrial machinery stocks to buy now.

At the end of Q4 2022, 16 hedge funds were long The Shyft Group, Inc. (NASDAQ:SHYF) and held stakes worth $106.5 million in the company. Of those, Driehaus Capital was the leading investor in the company and disclosed a position worth $24.9 million.

Heartland Advisors made the following comment about The Shyft Group, Inc. (NASDAQ:SHYF) in its Q4 2022 investor letter:

“The Shyft Group, Inc. (NASDAQ:SHYF) is a leader in specialty vehicles, including “last mile” delivery vans used in ecommerce. More than a year ago, the company announced plans to develop an electric parcel-delivery vehicle, investing $75 million at launch. Concern over the elevated operational risks and spending associated with the program weighed on the stock, sending shares down almost 49% this year.

The company has unique growth opportunities, and we believe the EV expenditures will ultimately be money well spent, as it expands the addressable market and protect against competitive offerings. The business is priced at only 8.2X our estimate for Enterprise Value to EBITDA, substantially below its intrinsic worth.”

9. Wabash National Corporation (NYSE:WNC)

Number of Hedge Fund Holders: 23

Wabash National Corporation (NYSE:WNC) is a premier manufacturer of semi trailers and liquid transportation systems. As of April 28, the stock has returned 18.57% to investors over the past 6 months and is trading at a PE multiple of 8x. Wabash National Corporation (NYSE:WNC) is placed ninth among the best heavy equipment and industrial machinery stocks to buy now, according to hedge funds.

On April 26, Wabash National Corporation (NYSE:WNC) reported strong earnings for the first quarter of fiscal 2023. The company generated a revenue of $620.95 million, up 13.57% year over year. The company reported earnings per share of $1.04 and outperformed EPS estimates by $0.56.

On February 3, BMO Capital analyst Joel Tiss raised his price target on Wabash National Corporation (NYSE:WNC) to $27.50 from $17 and maintained a Market Perform rating on the shares.

Wabash National Corporation (NYSE:WNC) was a part of 23 investors’ portfolios at the end of Q4 2022. These funds held collective positions worth $129.8 million in the company. As of December 31, Driehaus Capital is the top investor and has a stake worth $13.5 million.

ClearBridge Investments made the following comment about Wabash National Corporation (NYSE:WNC) in its Q4 2022 investor letter:

“One of the portfolio’s greatest contributors was Wabash National Corporation (NYSE:WNC), which designs, manufactures and distributes engineered solutions for the transportation, logistics and distribution industries. Continued strong demand for trailers helps drive sales for Wabash and benefited the stock price in the quarter. The company’s revamped pricing model has helped strengthen its margins and a growing backlog of new orders points to continued and greater potential value creation over the foreseeable future.”

In addition to CNH Industrial N.V. (NYSE:CNHI), Caterpillar Inc. (NYSE:CAT), and Deere & Company (NYSE:DE), Wabash National Corporation (NYSE:WNC) is also one of hedge funds’ top picks from the heavy equipment and industrial machinery industry.

8. Lindsay Corporation (NYSE:LNN)

Number of Hedge Fund Holders: 24

Lindsay Corporation (NYSE:LNN) is an American manufacturer of farm & construction machinery and road & railroad infrastructure equipment. 24 hedge funds disclosed having stakes in Lindsay Corporation (NYSE:LNN) at the end of Q4 2022. The total value of these stakes amounted to $146.4 million. As of December 31, Impax Asset Management is the largest shareholder in the company and has a stake worth $12.1 million.

This April, Stifel analyst Nathan Jones revised his price target on Lindsay Corporation (NYSE:LNN) to $166 from $196 and reiterated a Buy rating on the shares.

On April 4, Lindsay Corporation (NYSE:LNN) released earnings for the fiscal second quarter of 2023. The company’s revenue for the quarter amounted to $166.24 million, and the company reported an EPS of $1.63, beating market expectations by $0.09. Lindsay Corporation (NYSE:LNN) is one of the best heavy equipment and industrial machinery stocks to buy now.

7. Oshkosh Corporation (NYSE:OSK)

Number of Hedge Fund Holders: 26

Oshkosh Corporation (NYSE:OSK) is a global company involved in the design and manufacturing of specialty trucks and access equipment vehicles. On April 27, Oshkosh Corporation (NYSE:OSK) posted market-beating earnings for the first quarter of fiscal 2023. The company generated a revenue of $2.27 billion, up 16.57% year over year and ahead of Wall Street consensus by $179.27 million. The company reported earnings per share of $1.59 and outperformed EPS estimates by $0.56.

Wall Street is bullish on Oshkosh Corporation (NYSE:OSK) and the stock is one of the best heavy equipment and industrial machinery stocks to buy now. This April, Stifel analyst Stanley Elliott updated his price target on Oshkosh Corporation to $101 from $109 and maintained a Buy rating on the shares.

Oshkosh Corporation (NYSE:OSK) was spotted on 26 hedge funds’ portfolios at the end of Q4 2022. These funds disclosed collective stakes worth $318 million in the company. As of December 31, Greenhaven Associates is the dominant shareholder and has disclosed a position worth $153 million.

6. Terex Corporation (NYSE:TEX)

Number of Hedge Fund Holders: 26

Terex Corporation (NYSE:TEX) is a leading global manufacturer of materials processing machinery. The company has two business divisions: Aerial Work Platforms and Materials Processing. As of April 28, the stock has returned 28.54% to investors over the past 12 months. Terex Corporation (NYSE:TEX) is placed sixth among the best heavy equipment and industrial machinery stocks to buy now, according to hedge funds.

On April 12, Deutsche Bank analyst Nicole Deblase raised her price target on Terex Corporation (NYSE:TEX) to $53 from $51 and reiterated a Hold rating on the shares.

At the close of the fourth quarter of 2022, 26 hedge funds were bullish on Terex Corporation (NYSE:TEX) and disclosed positions worth $393 million in the company. Of those, Pzena Investment Management was the most prominent stockholder in the company and disclosed a position worth $175.3 million.

Stocks from the heavy equipment and industrial machinery sector that are currently on hedge funds’ and analysts’ radars include Terex Corporation (NYSE:TEX), CNH Industrial N.V. (NYSE:CNHI), Caterpillar Inc. (NYSE:CAT), and Deere & Company (NYSE:DE).

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Disclosure: None. 10 Best Heavy Equipment and Industrial Machinery Stocks to Buy is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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