The home improvement industry’s prospects look steady, thanks to increasing urbanization and robust consumer spending. Therefore, I think quality home improvement stocks Sherwin-Williams Co. (SHW – Get Rating), Masco Corp. (MAS – Get Rating) and Snap-on Incorporated (SNA – Get Rating) might be solid investments now.
The DIY home improvement market in the US is expanding as a result of main vendors’ e-commerce, free pickup, and delivery services. Consumers enjoy a nice shopping experience as well as the convenience of home delivery, which leads to an increase in online purchases. The global DIY home improvement market is expected to reach $128.76 billion by 2029, growing at a CAGR of 3.9%.
The global home improvement market is predicted to increase at a CAGR of 6.7% to reach $575.5 billion by the end of 2030. Increased urbanization, rising disposable incomes, and a greater focus on home restoration and renovation are some of the causes contributing to this growth.
Considering these conducive trends, let’s take a look at the fundamentals of the three best Home Improvement & Goods stocks, starting with number 3.
SHW engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group; Consumer Brands Group; and Performance Coatings Group.
SHW’s trailing-12-month levered FCF margin of 10.09% is 142.1% higher than the…
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