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Best Engineering & Construction Stocks to Buy Now (2024)

Top engineering & construction stocks in 2024 ranked by overall Zen Score. See the best engineering & construction stocks to buy now, according to analyst forecasts for the engineering & construction industry.

According to Zen Score, the 3 best engineering & construction stocks to buy right now are:

Sterling Infrastructure (NASDAQ:STRL) is the top engineering & construction stock with a Zen Score of 62, which is 27 points higher than the engineering & construction industry average of 35. It passed 20 out of 33 due diligence checks and has strong fundamentals. Sterling Infrastructure has seen its stock return 117.78% over the past year, overperforming other engineering & construction stocks by 71 percentage points.

Sterling Infrastructure has an average 1 year price target of $115.00, an upside of 0.1% from Sterling Infrastructure's current stock price of $114.88.

Sterling Infrastructure stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Sterling Infrastructure, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Energy Services Of America (NASDAQ:ESOA) is the second best engineering & construction stock with a Zen Score of 60, which is 25 points higher than the engineering & construction industry average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Energy Services Of America has seen its stock return 186.67% over the past year, overperforming other engineering & construction stocks by 140 percentage points.

Dycom Industries (NYSE:DY) is the third best engineering & construction stock with a Zen Score of 57, which is 22 points higher than the engineering & construction industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Dycom Industries has seen its stock return 68.1% over the past year, overperforming other engineering & construction stocks by 21 percentage points.

Dycom Industries has an average 1 year price target of $193.14, an upside of 7.25% from Dycom Industries's current stock price of $180.09.

Dycom Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Dycom Industries, 85.71% have issued a Strong Buy rating, 14.29% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 13 engineering & construction stocks that have issued dividends in the past year, the 3 engineering & construction stocks with the highest dividend yields are:

Argan (NYSE:AGX) has an annual dividend yield of 1.48%, which is 1 percentage points higher than the engineering & construction industry average of 0.62%. Argan's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Argan's dividend has not shown consistent growth over the last 10 years.

Argan's dividend payout ratio of 40.4% indicates that its dividend yield is sustainable for the long-term.

Aecom (NYSE:ACM) has an annual dividend yield of 0.93%, which is the same as the engineering & construction industry average of 0.62%.

Aecom's dividend payout ratio of -888.9% indicates that its dividend yield might not be sustainable for the long-term.

Granite Construction (NYSE:GVA) has an annual dividend yield of 0.87%, which is the same as the engineering & construction industry average of 0.62%. Granite Construction's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Granite Construction's dividend has not shown consistent growth over the last 10 years.

Granite Construction's dividend payout ratio of 64.2% indicates that its dividend yield is sustainable for the long-term.

Engineering & construction stocks were up 0.6% in the last day, and down -1.3% over the last week.

We couldn't find a catalyst for why engineering & construction stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued engineering & construction stocks right now are:

Energy Services Of America (NASDAQ:ESOA) is the most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Energy Services Of America has a valuation score of 71, which is 43 points higher than the engineering & construction industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Energy Services Of America's stock has gained 186.67% in the past year. It has overperformed other stocks in the engineering & construction industry by 140 percentage points.

Nv5 Global (NASDAQ:NVEE) is the second most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Nv5 Global has a valuation score of 71, which is 43 points higher than the engineering & construction industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Nv5 Global's stock has dropped -9.09% in the past year. It has underperformed other stocks in the engineering & construction industry by -56 percentage points.

Concrete Pumping Holdings (NASDAQ:BBCP) is the third most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Concrete Pumping Holdings has a valuation score of 57, which is 29 points higher than the engineering & construction industry average of 28. It passed 4 out of 7 valuation due diligence checks.

Concrete Pumping Holdings's stock has dropped -1.87% in the past year. It has underperformed other stocks in the engineering & construction industry by -49 percentage points.