U.S. Capital Goods Potentially Undervalued Companies

Dover

Market Cap: US$23.0b

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

Quanex Building Products

Market Cap: US$629.5m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

Limbach Holdings

Market Cap: US$1.1b

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

Allison Transmission Holdings

Market Cap: US$7.2b

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

Byrna Technologies

Market Cap: US$474.7m

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.

NFI Group

Market Cap: US$1.9b

Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific.

FreightCar America

Market Cap: US$181.5m

Through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico.

Boise Cascade

Market Cap: US$2.9b

Engages in manufacture and sale of engineered wood products (EWP) and plywood, and wholesale distribution of building materials in the United States and Canada.

Owens Corning

Market Cap: US$12.0b

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

Fortune Brands Innovations

Market Cap: US$6.4b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

ZKH Group

Market Cap: US$455.5m

Develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People’s Republic of China.

Daimler Truck Holding

Market Cap: US$27.5b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Great Lakes Dredge & Dock

Market Cap: US$801.0m

Provides dredging services in the United States.

Alta Equipment Group

Market Cap: US$230.7m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

Miller Industries

Market Cap: US$452.3m

Manufactures and sells towing and recovery equipment.

urban-gro

Market Cap: US$5.8m

Engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe.

Finning International

Market Cap: US$8.4b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Oshkosh

Market Cap: US$8.3b

Provides purpose-built vehicles and equipment worldwide.

Blue Bird

Market Cap: US$1.8b

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

IMCD

Market Cap: US$5.2b

Distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

Hexatronic Group

Market Cap: US$4.0b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Husqvarna

Market Cap: US$28.2b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

HOCHTIEF

Market Cap: US$16.6b

Engages in the construction business worldwide.

AB Volvo

Market Cap: US$561.2b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Brenntag

Market Cap: US$7.3b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Austal

Market Cap: US$3.0b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Columbus McKinnon

Market Cap: US$414.9m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

ADENTRA

Market Cap: US$836.6m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Herc Holdings

Market Cap: US$4.0b

Operates as an equipment rental supplier in the United States and internationally.

Bombardier

Market Cap: US$19.0b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

Flowserve

Market Cap: US$7.1b

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

Array Technologies

Market Cap: US$1.3b

Manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally.

Keller Group

Market Cap: US$988.8m

Provides specialist geotechnical services in North America, Europe, the Middle East, and the Asia-Pacific.

Bouygues

Market Cap: US$14.6b

Operates in the construction, energy, telecom, media, and transport infrastructure sectors in France and internationally.

Daimler Truck Holding

Market Cap: US$27.5b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

EMCOR Group

Market Cap: US$28.7b

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