U.S. Capital Goods Healthy potentially undervalued

Atmus Filtration Technologies

Market Cap: US$4.0b

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

Oshkosh

Market Cap: US$8.0b

Provides purpose-built vehicles and equipment worldwide.

Blue Bird

Market Cap: US$2.1b

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

Douglas Dynamics

Market Cap: US$1.0b

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

Allison Transmission Holdings

Market Cap: US$9.1b

Designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S.

Gates Industrial

Market Cap: US$6.2b

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$473.1m

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

Pentair

Market Cap: US$12.1b

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

A. O. Smith

Market Cap: US$7.9b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Rush Enterprises

Market Cap: US$5.3b

Through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada.

Innovative Aerosystems

Market Cap: US$293.6m

Engages in the engineering, manufacturing, and supply of advanced avionic solutions.

Huntington Ingalls Industries

Market Cap: US$12.6b

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

AECOM

Market Cap: US$9.3b

Provides professional infrastructure consulting services for governments, businesses, and organizations internationally.

Hayward Holdings

Market Cap: US$3.0b

Designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally.

Middleby

Market Cap: US$6.7b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

UFP Industries

Market Cap: US$4.5b

Designs, manufactures, and supplies wood and non-wood composites, and other materials in the United States and internationally.

Xylem

Market Cap: US$26.2b

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

Acuity

Market Cap: US$8.7b

Provides lighting, lighting controls, building management system, and an audio, video, and control platform in the United States and internationally.

Carlisle Companies

Market Cap: US$13.5b

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

Flowserve

Market Cap: US$8.9b

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

BETA Technologies

Market Cap: US$3.9b

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

Janus International Group

Market Cap: US$709.2m

Manufactures and supplies turn-key self-storage, commercial, and industrial building solutions in North America and internationally.

PACCAR

Market Cap: US$57.5b

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.

Limbach Holdings

Market Cap: US$850.7m

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

StandardAero

Market Cap: US$8.9b

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.

Allegion

Market Cap: US$11.2b

Engages in the provision of security products and solutions worldwide.

APi Group

Market Cap: US$18.0b

Provides fire and life safety, security, elevator and escalator, and specialty services worldwide.

Lennox International

Market Cap: US$16.9b

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

Textron

Market Cap: US$16.0b

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

Armstrong World Industries

Market Cap: US$6.7b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

TAT Technologies

Market Cap: US$481.3m

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

Mueller Water Products

Market Cap: US$4.0b

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.

Sunbelt Rentals Holdings

Market Cap: US$32.0b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

AGCO

Market Cap: US$8.2b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Lockheed Martin

Market Cap: US$122.9b

An aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally.

Owens Corning

Market Cap: US$9.5b

Provides residential and commercial building products in the United States, Europe, the Asia Pacific, and internationally.