U.S. Capital Goods Undervalued Small Caps

Tennant

Market Cap: US$1.3b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Byrna Technologies

Market Cap: US$397.9m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

LSI Industries

Market Cap: US$545.9m

Manufactures, markets, and sells non-residential lighting and retail display solutions in the United States.

Insteel Industries

Market Cap: US$613.6m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

DNOW

Market Cap: US$1.5b

Distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation, gas utilities, and customer on-site and off-site locations in the United States, Canada, the United Kingdom, Norway, Australia, the Netherlands, Singapore, and the Middle East.

Shoals Technologies Group

Market Cap: US$1.4b

Provides electrical balance of system (EBOS) solutions and components in the United States and internationally.

TAT Technologies

Market Cap: US$467.3m

Provides solutions and services to the commercial and military aerospace and ground defense industries in the United States, Israel, and internationally.

China Yuchai International

Market Cap: US$1.3b

Manufactures, assembles, and sells diesel and natural gas engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications.