Industrial Research Analysts

In-depth analysis of the industrial market.

Comprehensive investigation, research, and thought are used by our analysts to create the best information and options for our clients.

Steve Barger

Industrial Manufacturing

Steve Barger is a Managing Director and Equity Research Analyst for KeyBanc Capital Markets Inc. He joined the firm in 2004 as a Research Associate, covering automotive parts suppliers. He was promoted to Research Analyst in January 2006, and his research coverage is focused on industrial manufacturers.

Barger’s previous experience includes serving as General Manager and Partner at Cleveland Tank & Supply, Inc., as well as owning and operating a local business.

Prior to that, Barger served as a sergeant in the U.S. Army's 75th Ranger Regiment.

Barger earned a Bachelor of Science in management with a concentration in finance from the Weatherhead School of Management at Case Western Reserve University in Cleveland.

In its May 2011 “Best on the Street” Analyst Survey, The Wall Street Journal ranked Barger as the #5 stock picker in the Heavy Machinery and Materials sector for 2010. This is Barger’s second WSJ award. Barger was also recognized as the #3 stock picker in the Machinery sector by the Financial Times/StarMine in May 2011.

Industrial Manufacturing Companies Under Research Coverage

CompanyTicker
Advanced Energy Industries, Inc.AEIS
AMETEK, Inc.AME
Amkor Technology, Inc. (AMKR)AMKR
Applied Materials, Inc.AMAT
Federal Signal CorporationFSS
Flex Ltd.FLEX
GATX CorporationGMT
HD Supply Holdings, Inc.HDS
Herc Holdings Inc.HRI
Joy Global Inc.JOYG
Kennametal Inc.KMT
KLA CorporationKLAC
Lam Research CorporationLRCX
Lincoln Electric Holdings, Inc.LECO
MKS Inc.MKSI
Myers Industries, Inc.MYE
Oshkosh CorporationOSK
Park-Ohio Holdings Corp.PKOH
Plexus Corp.PLXS
RBC Bearings IncorporatedRBC
Teradyne, Inc.TER
Terex CorporationTEX
The Timken CompanyTKR
Westinghouse Air Brake Technologies CorporationWAB

Jeffrey D. Hammond

Industrial Manufacturing

Jeffrey D. Hammond is a Managing Director and Equity Research Analyst for KeyBanc Capital Markets Inc. He joined the firm in June 1999 as a Research Associate on the industrial team. He was promoted to Research Analyst in early 2001, and his research coverage is focused on diversified industrial companies.

Hammond was previously an Auditor at Ernst & Young LLP. He earned his Bachelor of Science degree in business administration (accountancy) from Miami University in Oxford, Ohio.

Industrial Manufacturing Companies Under Research Coverage

CompanyTicker
Advanced Drainage Systems, Inc.WMS
A.O. Smith CorporationAOS
Atkore Inc.ATKR
Builders FirstSource, Inc.BLDR
Carrier Global CorporationCARR
Eaton CorporationETN
EnPro Industries, Inc.NPO
Forgent Power Solutions, Inc.FPS
Gates Industrial Corporation plcGTES
Generac Holdings Inc.GNRC
Graco Inc.GGG
Hayward Holdings, Inc.HAYW
Helios TechnologiesHLIO
ITT CorporationITT
Janus International Group, Inc.JBI
Lennox International Inc.LII
The Middleby CorporationMIDD
Modine Manufacturing CompanyMOD
nVent Electric plcNVT
Nordson CorporationNDSN
Parker-Hannifin CorporationPH
Pentair, Inc.PNR
Pool CorporationPOOL
QXO, Inc.QXO
Regal Rexnord CorporationRRX
Trane Technologies plcTT
Watsco, Inc.WSO
Watts Water Technologies, Inc.WTS
Zurn Elkay Water Solutions CorporationZWS

Sangita Jain, CFA

Construction and Engineering/Alternative Energy

Sangita Jain is a Director and Equity Research Analyst for KeyBanc Capital Markets Inc. With the firm since August 2016, she focuses her research on the construction & engineering/alternative energy sector.

Jain joined the KBCM Utilities and Alternative Energy team in 2020 as a Senior Associate. She has previous equity research experience in Construction and Engineering, Oil & Gas Exploration and Production, and Paper & Packaging. Prior to joining KBCM, Jain worked in equity research at J.P. Morgan and Lehman Brothers.

Jain earned an undergraduate degree in economics from Presidency College in Kolkata, India, and an MBA from New York University. She is a CFA charter holder and holds the Series 7, 63, 86, and 87 industry certifications. 

Construction & Engineering/Alternative Energy Companies Under Research Coverage

CompanyTicker
AECOMACM
Arcadis NVARCAD
Ballard Power Systems Inc.BLDP
Bloom Energy CorporationBE
Centuri Holdings, Inc.CTRI
Comfort Systems USA, Inc.FIX
Dycom Industries, Inc.DY
EMCOR Group, Inc.EME
Fluor CorporationFLR
FuelCell Energy, Inc.FCEL
Jacobs Solutions Inc.J
KBR, Inc. KBR
MasTec, Inc.MTZ
MYR Group Inc.MYRG
Parsons CorporationPSN
Plug Power Inc.PLUG
Primoris Services CorporationPRIM
Quanta Services, Inc.PWR
SOLV Energy, Inc.MWH

Michael Leshock

Aerospace and Defense

Michael Leshock is a Vice President, Equity Research Analyst for KeyBanc Capital Markets Inc., covering the Aerospace and Defense sector.  

Leshock joined the firm as an Associate Analyst on the Metals & Mining team in May 2018. Prior to joining KBCM, Leshock was a Research Associate at Northcoast Research in Cleveland, Ohio.

Leshock earned a Bachelor of Science in Business Administration degree with a concentration in Finance from Miami University in Oxford, Ohio. He holds the Series 7, 63, 86, and 87 industry licenses.

Aerospace & Defense Companies Under Research Coverage

CompanyTicker
AAR Corp.AIR
AeroVironment, Inc.AVAV
Firefly Aerospace Inc.FLY
HEICO CorporationHEI
Intuitive Machines, Inc.LUNR
Karman Holdings Inc.KRMN
Kratos Defense & Security Solutions, Inc.KTOS
Redwire CorporationRDW
Rocket Lab USA, Inc.RKLB
TransDigm Group IncorporatedTDG
Virgin Galactic Holdings, Inc.SPCE
Voyager Technologies, Inc. VOYG

Samuel McKinney

Metals & Mining

Samuel McKinney is a Vice President, Equity Research Analyst with KeyBanc Capital Markets Inc. He joined the firm in July 2019 as a research associate on the metals & mining team. He was promoted to research analyst covering that same sector in early 2026.

McKinney earned a Bachelor’s degree in Accounting & Finance from the Kelley School of Business at Indiana University. He also holds the Series 7, 63, 86, and 87 industry licenses. 

Metals & Mining Companies Under Research Coverage

CompanyTicker
ATI Inc.ATI
ArcelorMittal S.A.MT
Carpenter Technology CorporationCRS
Cliffs Natural Resources, Inc.CLF
CMCCMC
Gibraltar IndustriesROCK
Hexcel CorporationHXL
Howmet Aerospace Inc.HWM
Materion CorporationMTRN
Metallus Inc.MTUS
Nucor CorporationNUE
Reliance, Inc.RS
Ryerson Holding CorporationRYZ
Schnitzer Steel Industries, Inc.SCHN
Steel Dynamics, Inc.STLD
Worthington Steel, Inc.WS

Ken Newman

Industrial Supply Chain

Ken Newman is a Director and Equity Research Analyst for KeyBanc Capital Markets Inc. His research coverage is focused on the industrial supply chain, including the Industrial Distributor and Equipment Rental sectors.

Ken joined KeyBanc Capital Markets as a Research Associate in 2014, covering Industrial Machinery OEMs and Industrial Distributors. Prior to joining KBCM, Ken worked as an investment banking analyst at PNC Capital Markets Inc.

Ken earned his Bachelor of Business Administration from Ohio University with a double major in finance and international business. He holds the Series 7, 63, 52, 79, 86, and 87 industry licenses.

Industrial Supply Chain Companies Under Research Coverage

CompanyTicker
Applied Industrial Technologies, Inc.AIT
Cognex CorporationCGNX
Distribution Solutions Group, Inc.DSGR
DMC Global Inc.BOOM
Emerson Electric Co.EMR
EquipmentShare.com IncEQPT
Fastenal CompanyFAST
Herc Holdings Inc.HRI
MSC Industrial Direct Co., Inc.MSM
Rockwell Automation, Inc.ROK
Sunbelt Rentals Holdings Inc.SUNB
Symbotic Inc.SYM
TriMas CorporationTRS
United Rentals, Inc.URI
Vontier CorporationVNT
W.W. Grainger, Inc.GWW
WESCO International, Inc.WCC
Zebra Technologies CorporationZBRA

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