If you live in Chicago, then you probably encountered one of the many construction projects currently underway, whether it’s another luxury high-rise condo building or a project to make the city streets operate much more smoothly.
And when President Donald Trump initially proposed his $1 trillion, 10-year infrastructure plan, which seeks to rebuild the nation’s roads, tunnels, and bridges, construction firms turned cautiously optimistic. The proposal, while light on any concrete details, involves trading an 82% tax break for private equity investment in revenue-generating infrastructure projects.
The potential for a trillion-dollar infusion of funds into an industry that has been consistently concerned about the lack of steady federal funding was a likely a breath of fresh air. The president and Congress just have to agree on a path forward, deals and decisions we now know are not easily made.
We’ve highlighted 5 construction stocks to consider right now
Victura Construction Group, Inc. (VICT)
Current Price : 0.0026 LOW FLOAT
Victura Construction Group, Inc, is a holding company focused on strategically acquiring businesses operating within the disaster recovery and restoration construction industries. VCG employs sound business practices and ethics, experienced management, ample financial resources, and industry relationships to ensure success to its acquisitions.
Caterpillar Inc. (CAT)
Current Price : 152.52
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
Jacobs Engineering Group Inc (JEC)
Current Price : 66.39
Jacobs Engineering Group Inc. is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services. It operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as oil and gas exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings; infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.
MasTec, Inc. (MTZ)
Current Price : 48.90
MasTec, Inc. is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure. The Company offered its services primarily under the MasTec service mark and had operations across 510 locations as of December 31, 2016. It provides services under master service and other service agreements, which are generally multi-year agreements.
Granite Construction Inc. (GVA)
Current Price : 64.30
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, water and wastewater facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.