Invest in industrials stocks: A list of industrials stocks to buy in 2024

The best industrials stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular industrials stocks picks to buy in 2024

We round up a selection of stocks in or related to the industrials industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. The Boeing Company (BA)
2. GE Aerospace (GE)
3. Honeywell International (HON)
4. Raytheon Technologies (RTX)
5. Lockheed Martin Corporation (LMT)

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If you don't have the time or expertise to research stocks on your own, consider stock picking services and research tools to help you choose.

Take a deeper dive into industrials stocks

If you're interested in investing in the industrials industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. The Boeing Company (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements, as well as provides fleet support services.

The Boeing Company stock opened the day at $165.98 after a previous close of $166.81. The latest price was $167.22 (25-minute delay). The Boeing Company is listed on the NYSE, has a trailing 12-month revenue of around USD77.8 billion and employs 171,000 staff.

• Market capitalization: $100,879,564,800
• PEG ratio: 6.5305

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2. GE Aerospace (GE)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

GE Aerospace stock opened the day at $161.01 after a previous close of $161.26. The latest price was $162.35 (25-minute delay). GE Aerospace is listed on the NYSE, has a trailing 12-month revenue of around USD$69.5 billion and employs 125,000 staff.

• Market capitalization: $174,250,983,424
• P/E ratio: 41.8921
• PEG ratio: 2.0315

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3. Honeywell International (HON)

Honeywell International Inc. engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

Honeywell International stock opened the day at $190.30 after a previous close of $193.02. The latest price was $193.45 (25-minute delay). Honeywell International is listed on the NASDAQ, has a trailing 12-month revenue of around USD$36.7 billion and employs 95,000 staff.

• Market capitalization: $126,499,201,024
• P/E ratio: 22.9622
• PEG ratio: 2.013

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4. Raytheon Technologies (RTX)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

Raytheon Technologies stock opened the day at $101.54 after a previous close of $101.71. The latest price was $101.41 (25-minute delay). Raytheon Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD$71 billion and employs 185,000 staff.

• Market capitalization: $134,307,094,528
• P/E ratio: 39.7717
• PEG ratio: 0.8569

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5. Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

Lockheed Martin Corporation stock opened the day at $463.90 after a previous close of $464.78. The latest price was $461.29 (25-minute delay). Lockheed Martin Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$69.6 billion and employs 122,000 staff.

• Market capitalization: $110,420,885,504
• P/E ratio: 16.806
• PEG ratio: 4.4418

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How to invest in industrials stocks

1. Choose a stock trading platform. If you don't already have a stock trading account, go straight to the best stock trading apps of 2024 and choose one.
2. Go through the sign up process. Sign up for an account by providing your personal information.
3. Set up a funding method. Once you are all set up for transactions, you can deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BA or GE.
5. Place your order. Buy the stock. It's that simple.

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Bottom line

While it’s possible to turn a profit investing in industrials stocks, keep in mind that — like any investment — industrials stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the industrials industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

A to Z list of industrials stocks