If you are a growth investor, you’re in luck.
The US stock market offers a plethora of solid growth stocks that you can select and add to your investment portfolio.
Ideally, you should look for stocks with a consistent growth track record, quality management, and catalysts that can help to propel the business to greater heights.
Here are four attractive US stocks you can consider adding to your buy watchlist.
Factset (NYSE: FDS)
Factset operates a digital platform that delivers financial data and analytics to more than 8,200 global clients.
The company provides comprehensive and connected content that helps wealth managers, private equity firms, and corporations make savvy financial decisions.
Factset’s fiscal 2024 (FY2024) ending 31 August 2024 saw the financial data provider report a strong set of earnings.
Revenue increased 5.6% year on year to US$2.2 billion while operating profit rose 11.5% year on year to US$701.3 million.
Net profit improved by 14.7% year on year to US$537.1 million.
The company generated a positive free cash flow of US$614.7 million, up 5.1% year on year.
Factset carried on its good performance into the first quarter of fiscal 2025 (1Q FY2025) ending 30 November 2024.
Revenue rose 4.9% year on year to US$568.7 million with net profit inching up 1% year on year to US$150 million.
The financial data firm continued to generate a positive free cash flow of US$60.5 million for the quarter.
Factset’s user count grew 5% year on year to 218,267 for 1Q FY2025.
Companies with annual subscription value greater than US$10,000 increased by 4% year on year to 8,249 over the same period.
Factset also recently acquired Irwin, an investor relations and capital markets solution for public companies and their advisors.
Hawkins (NASDAQ: HWKN)
Hawkins is a speciality chemical and ingredients company that manufactures products for the industrial, water treatment, and health and nutrition sectors.
The company is headquartered in Minnesota and has 61 facilities in 28 states.
Hawkins reported a robust set of earnings for the first half of fiscal 2025 (1H FY2025) ending 29 September 2024.
Revenue edged up 3.1% year on year to US$502.9 million while operating profit increased by 12.3% year on year to US$73.5 million.
Net profit stood at US$53 million, up 13.6% year on year.
Hawkins also generated a positive free cash flow of US$37.9 million for 1H FY2025.
The business has paid out 39 consecutive years of cash dividends and its latest quarterly dividend amounted to US$0.18 per share.
Management’s growth strategy will focus on growing earnings and expanding its speciality and value-added services.
The company also has a strong track record of earnings-accretive acquisitions.
Its most recent acquisition was in October last year where Hawkins purchased Water Guard Inc.
Water Guard distributes water treatment chemicals and equipment to customers in Virginia and the Carolinas.
Church and Dwight (NYSE: CHD)
Church and Dwight is a leading producer of baking soda and also manufactures and markets a wide range of personal care, household, and speciality products under brands such as TROJAN, XTRA, and ZICAM.
The company reported a commendable set of earnings for the first nine months of 2024 (9M 2024).
Revenue rose 4.3% year on year to US$4.5 billion.
Operating profit excluding one-off items (impairments) increased almost 8% year on year to US$907.5 million.
Net profit (excluding impairments) climbed 25.1% year on year to US$753.2 million.
Church and Dwight also churned out a positive free cash flow of US$738.7 million, 9.7% higher than 9M 2023.
A quarterly dividend of US$0.28375 was declared, making this the 495th consecutive regular dividend paid by the company.
During 9M 2024, the company launched new detergent and plant-based litter products under its ARM & HAMMER brand.
New dry shampoo products were also released under Church and Dwight’s BATISTE brand.
The business upgraded its outlook for 2024 with an expectation for gross margin expansion and is committed to continue investing in its products and brands to drive sales.
Roku (NASDAQ: ROKU)
Roku provides streaming television (TV) and connects users to the content they love.
The company enables content publishers to build and monetise their audiences while providing advertisers with capabilities to engage their consumers.
For 9M 2024, Roku reported revenue of US$2.9 billion, 16.5% higher than a year ago.
Gross profit increased by 19.2% year on year to US$1.29 billion.
The business also generated a positive free cash flow of US$136.1 million.
For the third quarter, the number of streaming households increased by 13% year on year to 85.5 million.
The number of streaming hours climbed 20% year on year to 32 billion.
During the quarter, Roku expanded its ad offering to serve small and medium businesses.
The business also released a new ads manager to provide performance features such as advanced targeting, conversion optimisation and measurement, and shoppable ad formats.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
