U.S. Capital Goods Healthy potentially undervalued

Douglas Dynamics

Market Cap: US$1.0b

Operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America.

Atmus Filtration Technologies

Market Cap: US$4.5b

Designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.

L3Harris Technologies

Market Cap: US$56.9b

Provides mission-critical solutions for government and commercial customers worldwide.

Gates Industrial

Market Cap: US$6.7b

Manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.

Titan International

Market Cap: US$530.4m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally.

Lennox International

Market Cap: US$18.9b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally.

EMCOR Group

Market Cap: US$31.4b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Legence

Market Cap: US$6.4b

Provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States.

Granite Construction

Market Cap: US$5.3b

Provides infrastructure solutions for public and private clients in the United States.

Huntington Ingalls Industries

Market Cap: US$11.8b

Designs, builds, overhauls, and repairs military ships in the United States.

Mueller Water Products

Market Cap: US$3.9b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally.

American Superconductor

Market Cap: US$1.4b

Provides megawatt-scale power resiliency solutions worldwide.

Middleby

Market Cap: US$6.1b

Operates in the foodservice industry worldwide.

Everus Construction Group

Market Cap: US$6.0b

Provides contracting services in the United States.

DNOW

Market Cap: US$2.5b

Distributes pipe, valves, fittings, and pumps in the United States, Canada, and internationally.

Carlisle Companies

Market Cap: US$14.0b

Operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, and internationally.

Alamo Group

Market Cap: US$2.0b

Manufactures and sells industrial and vegetation management equipment for governmental, industrial, and agricultural uses worldwide.

Valmont Industries

Market Cap: US$9.3b

Operates as a manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally.

McGrath RentCorp

Market Cap: US$2.9b

Operates as a business-to-business rental company in the United States and internationally.

Xylem

Market Cap: US$29.2b

Engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building services settings worldwide.

EnerSys

Market Cap: US$6.7b

Engages in the provision of stored energy solutions for industrial applications worldwide.

China Yuchai International

Market Cap: US$1.7b

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

Northrop Grumman

Market Cap: US$78.0b

Operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally.

Dover

Market Cap: US$27.4b

Provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

Blue Bird

Market Cap: US$2.3b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Array Technologies

Market Cap: US$784.5m

Engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally.

PACCAR

Market Cap: US$72.7b

Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Australia, Mexico, Europe, Central and South America, and internationally.

StandardAero

Market Cap: US$10.0b

Provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally.

Limbach Holdings

Market Cap: US$864.2m

Operates as a building systems solution company in the United States.

BETA Technologies

Market Cap: US$4.2b

An electric aerospace company, designs, manufactures, and sells electric aircraft, electric propulsion systems, components, and charging systems worldwide.

Oshkosh

Market Cap: US$9.4b

Provides purpose-built vehicles and equipment worldwide.

Flowserve

Market Cap: US$9.4b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

York Space Systems

Market Cap: US$2.3b

Operates as a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers in the United States.

Pentair

Market Cap: US$10.7b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Textron

Market Cap: US$15.5b

Operates in the aircraft, defense, industrial, and finance businesses worldwide.

SOLV Energy

Market Cap: US$5.3b

Provides infrastructure services to the power industry in the United States.