Global trade tensions have moved from background noise to a direct factor in stock selection, with new US tariffs, partial rollbacks, and legal challenges reshaping the outlook for companies tied to domestic manufacturing and onshoring. For investors, the question is how to think about stocks that could be helped or hurt as supply chains tilt closer to home and cross border trade becomes less predictable. This article explores three US based stocks from an onshoring focused screener that appear positively exposed to the recent tariff news, helping you evaluate whether they merit closer attention in your portfolio research.

NPK International (NPKI)

Overview: NPK International is a US based provider of temporary worksite access solutions. The company manufactures, sells, and rents recyclable composite mats and also offers access road construction, site preparation, environmental protection, erosion control, and site restoration services to infrastructure, energy, and construction customers in the US, UK, and internationally.

Operations: NPK International generates about US$287.3 million in revenue from Industrial Solutions and related services, with roughly US$263.9 million coming from the United States and US$23.4 million from the United Kingdom.

Market Cap: US$1.21b

Investors looking at onshoring themes may find NPK International interesting because it sits at the intersection of US infrastructure build out and trade barriers that favor domestic suppliers. The company provides composite matting and access services that are deeply embedded in power transmission, pipeline, and energy projects. Forecast earnings growth of 21.6% a year and high quality earnings are set against recent margin compression and a P/E above the broader US Trade Distributors industry. As a result, the balance of potential risks and rewards may depend on whether longer rental contracts, ongoing buybacks, and a strong balance sheet can offset cost pressures and reliance on large capital projects. The recent index additions and active buyback program add another layer that investors may want to examine further.

Forecast earnings growth of 21.6% a year, a strong balance sheet, and active buybacks suggest NPK International’s story may be more than just an onshoring trade. However, the real twist could lie in the 3 key rewards and 1 important warning sign

Granite Construction (GVA)

Overview: Granite Construction is a US based infrastructure contractor that builds and rehabilitates roads, bridges, highways, airports, rail lines, water systems, dams, reservoirs, tunnels, and power related projects, while also supplying aggregates, asphalt, and other construction materials to both its own projects and third party customers.

Operations: Granite Construction generates about US$3.8b from its Construction segment and US$1.1b from Materials, partially offset by roughly US$0.3b of intersegment eliminations.

Market Cap: US$6.6b

Granite Construction stands out in the onshoring theme because it is deeply tied into US public infrastructure, with projects across highways, bridges, water systems, and power that line up directly with domestic manufacturing and reshoring priorities. Management highlights that tariffs have not significantly affected results so far. Its vertically integrated Materials business and focus on locking in input prices aim to blunt cost inflation in areas like diesel and liquid asphalt. On the upside, Granite is benefiting from strong federal and state funding, healthy public and private backlogs, and ongoing M&A that expands its footprint and materials capacity. On the risk side, high debt, reliance on acquisitions, and meaningful insider selling mean investors will want to weigh these factors against balance sheet pressure and governance signals before forming a view.

Granite Construction’s accelerating public infrastructure pipeline and vertically integrated materials business could be masking a far more interesting risk reward trade off. Unpack how those forces interact in the 3 key rewards and 2 important warning signs

Metallus (MTUS)

Overview: Metallus is a US based steel manufacturer that supplies alloy, carbon, and micro alloy steel products and precision components for demanding uses in sectors like automotive, energy, aerospace and defense, heavy trucks, and construction. Its special bar quality bars, seamless tubes, and customized parts end up in critical components such as gears, axles, drill pipes, bearings, artillery bodies, and wind energy shafts.

Operations: Metallus generates about US$1.2b in revenue from its Metal Processors and Fabrication segment.

Market Cap: US$750.5m

Metallus fits into the onshoring story as a long standing US producer that can benefit when tariffs make imported steel less competitive and customers look for domestic supply security. Recent commentary notes higher inquiry levels, new customers, and federal support tied to infrastructure and defense, and Q1 2026 results include higher sales and earnings alongside ongoing buybacks. At the same time, heavy reliance on cyclical end markets, high fixed costs, and exposure to tariffs on certain imported inputs contribute to execution risk, particularly with a large asset backed credit facility in place. For investors, a key consideration is how this combination of tariff support, specialty products, and balance sheet leverage might influence Metallus’ risk reward profile in the period ahead.

Metallus appears to be a classic onshoring beneficiary, but the real story lies at the intersection of tariff support, balance sheet leverage, and specialty steel demand, which is broken down in the 3 key rewards and 1 important warning sign

The three US Domestic Manufacturing and Onshoring stocks covered here are only a starting point, as the full US Domestic Manufacturing and Onshoring screener flags 22 more companies with equally detailed narratives around tariffs, supply chains, and financial resilience. Use Simply Wall St to identify and analyze the specific catalysts that matter to you, from balance sheet strength to tariff exposure and capital allocation. This can help you focus your research on the opportunities you find most compelling within this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.