Construction Stocks To Research - October 3rd

Key Points

• Caterpillar, Watsco, and CRH are identified as the top construction stocks to watch, reflecting their significant trading volume and importance in the sector.
• Caterpillar Inc. has reached an all-time high in stock price, raising questions about its future growth potential.
• Watsco focuses on the distribution of air conditioning and heating equipment, while CRH provides building materials solutions globally, illustrating the diverse nature of the construction sector.

Caterpillar, Watsco, and CRH are the three Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of publicly traded companies engaged in the design, construction and upkeep of residential, commercial and infrastructure projects—this includes homebuilders, general contractors, engineering firms and building‐materials suppliers. Investors often use these stocks as a barometer of economic health and growth prospects, since construction activity tends to rise with increased consumer demand, government infrastructure spending and favorable interest‐rate environments. Because the sector is cyclical, construction stocks can be sensitive to raw material costs, labor availability and changes in regulation. 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

Watsco (WSO)

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

Read Our Latest Research Report on WSO

CRH (CRH)

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.

Read Our Latest Research Report on CRH