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Best Construction Stocks To Keep An Eye On - October 12th

Caterpillar logo with Industrials background

Key Points

  • Caterpillar, Quanta Services, Lennar, Deere & Company, and D.R. Horton are highlighted as the leading construction stocks to watch due to their high trading volumes and significant market activity.
  • Caterpillar Inc. has reached an all-time high in stock price, raising questions about further growth potential in the construction equipment sector.
  • Quanta Services provides vital infrastructure solutions across various segments, including electric power and renewable energy, indicating its strategic importance in the evolving energy landscape.
  • Five stocks we like better than Caterpillar.

Caterpillar, Quanta Services, Lennar, Deere & Company, and D.R. Horton are the five Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of publicly traded companies whose core business is the design, development and construction of residential, commercial or infrastructure projects. This category includes homebuilders, general contractors and civil-engineering firms whose revenues tend to rise and fall with economic cycles and property-market activity. Investors often use construction stocks to gain exposure to trends in real estate demand and government or private infrastructure spending. These companies had the highest dollar trading volume of any Construction stocks within the last several days.

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Read Our Latest Research Report on CAT

Quanta Services (PWR)

Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Read Our Latest Research Report on PWR

Lennar (LEN)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

Read Our Latest Research Report on LEN

Deere & Company (DE)

Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

Read Our Latest Research Report on DE

D.R. Horton (DHI)

D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.

Read Our Latest Research Report on DHI

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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