Top Construction Stocks Worth Watching - November 3rd

Key Points

• Caterpillar, Comfort Systems USA, and Quanta Services were identified as the construction stocks with the highest recent dollar trading volume and are the sector’s key stocks to watch.
• Caterpillar shares traded at $624.80, giving the company a $287.21 billion market capitalization; the stock remained well below its 50-day and 200-day moving averages.
• Comfort Systems USA and Quanta Services also rose during Tuesday trading, with shares at $1,278.41 and $652.52, respectively. Quanta carried the highest valuation at a P/E ratio of 59.06, while Comfort Systems had minimal leverage with a 0.01 debt-to-equity ratio.

Caterpillar, Comfort Systems USA, and Quanta Services 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, including construction firms, homebuilders, engineering companies, and suppliers of building materials or equipment. Their performance is often influenced by economic growth, interest rates, housing demand, government infrastructure spending, and commodity costs. 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.

Caterpillar stock traded up $11.19 during midday trading on Tuesday, hitting $624.80. 1,783,308 shares of the stock were exchanged, compared to its average volume of 2,861,620. Caterpillar has a 1 year low of $537.08 and a 1 year high of $1,073.46. The firm has a market cap of $287.21 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.22 and a beta of 1.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The company has a 50 day moving average price of $778.93 and a two-hundred day moving average price of $807.40.

Read Our Latest Research Report on CAT

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.

NYSE:FIX traded up $78.27 on Tuesday, reaching $1,278.41. The stock had a trading volume of 377,637 shares, compared to its average volume of 446,122. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $1,552.02 and a 200 day moving average of $1,597.77. The stock has a market cap of $44.73 billion, a P/E ratio of 27.56 and a beta of 1.66. Comfort Systems USA has a 12-month low of $841.66 and a 12-month high of $2,073.99.

Read Our Latest Research Report on FIX

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.

Shares of Quanta Services stock traded up $31.34 during trading hours on Tuesday, hitting $652.52. 493,221 shares of the company's stock traded hands, compared to its average volume of 1,143,224. Quanta Services has a twelve month low of $408.36 and a twelve month high of $788.75. The company has a market cap of $98.32 billion, a PE ratio of 59.06, a PEG ratio of 1.79 and a beta of 1.29. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $632.35 and a 200-day simple moving average of $624.04.

Read Our Latest Research Report on PWR

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