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Top Construction Stocks To Watch Now - April 13th

Caterpillar logo with Industrials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener identified seven construction stocks to watch: Caterpillar (CAT), Fastenal (FAST), CRH (CRH), Comfort Systems USA (FIX), Deere & Company (DE), Lowe's (LOW), and Planet Labs PBC (PL), chosen because they had the highest dollar trading volume among construction stocks in recent days.
  • Construction stocks are cyclical and typically track economic growth, interest rates, and public/private infrastructure spending, and the featured group spans heavy equipment, building materials, HVAC/electrical contractors, home-improvement retail, and geospatial satellite services.
  • Caterpillar is highlighted for benefiting from the data center boom, although MarketBeat raises the question of whether the stock may now be overvalued after recent gains.
  • MarketBeat previews top five stocks to own in May.

Caterpillar, Fastenal, CRH, Comfort Systems USA, Deere & Company, Lowe's Companies, and Planet Labs PBC are the seven Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of publicly traded companies involved in building and related activities—such as contractors, engineering firms, suppliers of construction materials, and makers of heavy equipment. Investors view them as cyclical securities that tend to track economic growth, interest rates, and changes in private and government 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

Fastenal (FAST)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

Read Our Latest Research Report on FAST

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

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.

Read Our Latest Research Report on FIX

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

Lowe's Companies (LOW)

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.

Read Our Latest Research Report on LOW

Planet Labs PBC (PL)

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.

Read Our Latest Research Report on PL

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