U.S. Capital Goods Potentially Undervalued Companies

Byrna Technologies

Market Cap: US$447.3m

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.

Gibraltar Industries

Market Cap: US$1.9b

Manufactures and provides products and services for the residential, renewable energy, agtech, and infrastructure markets in the United States and internationally.

AerCap Holdings

Market Cap: US$21.6b

Engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.

Terex

Market Cap: US$3.4b

Provides materials processing machinery and mobile elevating work platform worldwide.

Rush Enterprises

Market Cap: US$4.5b

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

Stanley Black & Decker

Market Cap: US$11.7b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

Eiffage

Market Cap: US$9.9b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Southland Holdings

Market Cap: US$219.2m

Engages in specialty infrastructure construction business in North America.

Fortive

Market Cap: US$16.2b

Designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally.

Komatsu

Market Cap: US$4.6t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

TPI Composites

Market Cap: US$1.7m

Manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India.

AtkinsRéalis Group

Market Cap: US$15.6b

Provides professional services and project management, and capital investment services in United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

Global Industrial

Market Cap: US$1.4b

Through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada.

Andritz

Market Cap: US$5.9b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Aalberts

Market Cap: US$3.3b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Flux Power Holdings

Market Cap: US$27.3m

Through its subsidiary, designs, develops, manufactures, and sells lithium-ion energy storage solutions in North America.

Ameresco

Market Cap: US$1.3b

Provides energy solutions in the United States, Canada, and Europe.

Hammond Power Solutions

Market Cap: US$1.4b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Otis Worldwide

Market Cap: US$33.9b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

NN

Market Cap: US$123.7m

Designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States, China, Brazil, Mexico, Germany, Poland, and internationally.

Komatsu

Market Cap: US$4.6t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Illinois Tool Works

Market Cap: US$77.5b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

FGI Industries

Market Cap: US$8.0m

FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally.

Vestas Wind Systems

Market Cap: US$126.8b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

Luxfer Holdings

Market Cap: US$366.4m

Provides high-performance materials, components, and high-pressure gas containment devices for defense, first response and healthcare, transportation, and general industrial applications.

Meritor

Market Cap: US$2.6b

Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific.

Bidvest Group

Market Cap: US$81.4b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Timken

Market Cap: US$5.4b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Owens Corning

Market Cap: US$12.7b

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

Bunzl

Market Cap: US$8.1b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

Cadeler

Market Cap: US$18.7b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Thermal Energy International

Market Cap: US$25.8m

Engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, and internationally.

LSI Industries

Market Cap: US$664.5m

Manufactures and distributes commercial lighting, graphics, and display solutions across strategic vertical markets.

DNOW

Market Cap: US$1.7b

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.

Resideo Technologies

Market Cap: US$5.1b

Develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally.

Kennametal

Market Cap: US$1.6b

Engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide.