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Top 3 Companies in the Heavy Electrical Equipment Industry With the Highest Earnings Yield (AZZ, GLPW, POWR)

Published on Thu, 01/24/2013 - 11:21
By Peter Chu

Below are the three companies in the Heavy Electrical Equipment industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.

AZZ Inc (NYSE:AZZ) is highest with an earnings yield of 5.2%. AZZ Incorporated manufactures specialty electrical equipment and components for the global power generation, power transmission, and distribution markets. The Company also provides hot dip galvanizing services to the steel fabrication industry across the United States. Thus far today, AZZ Inc has traded 16,000 shares, vs. average volume of 192,000 shares per day. The stock has outperformed the Dow (1.1% to the Dow's 0.6%) and outperformed the S&P 500 (1.1% to the S&P's 0.4%) during today's trading.

Global Power Equipment Group (NASDAQ:GLPW) is next with an earnings yield of 4.1%.

Finishing up the top three is PowerSecure International (NASDAQ:POWR), with an earnings yield of 1.7%.

By Peter Chu
pchu@fnno.com