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What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
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The following stocks are considered to be notable value stocks in the industrials sector:
- Tutor Perini (NYSE:TPC) - P/E: 9.02
- Nordic American Tankers (NYSE:NAT) - P/E: 5.52
- L.B. Foster (NASDAQ:FSTR) - P/E: 7.48
- BlueLinx Hldgs (NYSE:BXC) - P/E: 5.04
- Acacia Research (NASDAQ:ACTG) - P/E: 4.08
Tutor Perini's earnings per share for Q4 sits at 0.69, whereas in Q3, they were at 0.72. Tutor Perini does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
This quarter, Nordic American Tankers experienced a decrease in earnings per share, which was -0.07 in Q3 and is now -0.19. The company's most recent dividend yield sits at 2.5%, which has decreased by 2.53% from 5.03% last quarter.
L.B. Foster's earnings per share for Q4 sits at 0.24, whereas in Q3, they were at 0.09. The company's most recent dividend yield sits at 1.57%, which has increased by 0.18% from 1.39% last quarter.
This quarter, BlueLinx Hldgs experienced a decrease in earnings per share, which was 4.88 in Q3 and is now 2.04. BlueLinx Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Acacia Research saw a decrease in earnings per share from -0.12 in Q3 to -0.47 now. Its most recent dividend yield is at 5.79%, which has increased by 3.62% from 2.17% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.