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Construction Stocks To Follow Now - November 7th

Caterpillar logo with Industrials background
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Key Points

  • Caterpillar, Quanta Services, and Comfort Systems USA were identified as construction stocks to watch because they had the sector’s highest dollar trading volumes in recent days.
  • All three shares rose on Friday: Caterpillar gained $5.68 to $559.32, Quanta Services advanced $31.82 to $540.88, and Comfort Systems USA climbed $50.03 to $1,014.97.
  • The companies span construction and mining equipment, utility and energy infrastructure, and mechanical and electrical contracting services.
  • Five stocks to consider instead of Caterpillar.

Caterpillar, Quanta Services, and Comfort Systems USA are the three Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of companies involved in building and infrastructure, such as contractors, engineering firms, and some suppliers of construction materials or equipment. Their performance often depends on economic growth, interest rates, housing demand, and public 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.

Shares of NYSE CAT traded up $5.68 during trading on Friday, reaching $559.32. 4,786,353 shares of the stock were exchanged, compared to its average volume of 3,287,856. The company has a market capitalization of $257.10 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The business's 50-day moving average price is $760.19 and its 200 day moving average price is $806.23. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. Caterpillar has a twelve month low of $537.08 and a twelve month high of $1,073.46.

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.

PWR traded up $31.82 during trading hours on Friday, reaching $540.88. 2,775,356 shares of the stock traded hands, compared to its average volume of 1,301,242. Quanta Services has a fifty-two week low of $408.36 and a fifty-two week high of $788.75. The company has a market cap of $81.50 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.62 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.13. The firm's fifty day simple moving average is $628.83 and its two-hundred day simple moving average is $626.39.

Read Our Latest Research Report on PWR

Comfort Systems USA (FIX)

Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

Shares of NYSE FIX traded up $50.03 during midday trading on Friday, reaching $1,014.97. 1,147,256 shares of the company's stock were exchanged, compared to its average volume of 573,638. Comfort Systems USA has a 52-week low of $841.66 and a 52-week high of $2,073.99. The stock has a market capitalization of $35.51 billion, a PE ratio of 21.91 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15. The business's fifty day moving average price is $1,510.83 and its two-hundred day moving average price is $1,597.49.

Read Our Latest Research Report on FIX

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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