Sectors & IndustriesIndustrialsEngineering & Construction

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:

Energy Services Of America (NASDAQ:ESOA) is the top engineering & construction stock with a Zen Score of 61, which is 29 points higher than the engineering & construction industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Energy Services Of America has seen its stock return 265.92% over the past year, overperforming other engineering & construction stocks by 204 percentage points.

Limbach Holdings (NASDAQ:LMB) is the second best engineering & construction stock with a Zen Score of 53, which is 21 points higher than the engineering & construction industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Limbach Holdings has seen its stock return 181.93% over the past year, overperforming other engineering & construction stocks by 120 percentage points.

Dycom Industries (NYSE:DY) is the third best engineering & construction stock with a Zen Score of 52, which is 20 points higher than the engineering & construction industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Dycom Industries has seen its stock return 57.47% over the past year, underperforming other engineering & construction stocks by -5 percentage points.

Dycom Industries has an average 1 year price target of $162.00, an upside of 9.3% from Dycom Industries's current stock price of $148.21.

Dycom Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Dycom Industries, 100% have issued a Strong Buy rating, 0% 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 1.73%, which is 1 percentage points higher than the engineering & construction industry average of 0.64%. 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 45.5% indicates that its dividend yield is sustainable for the long-term.

Exponent (NASDAQ:EXPO) has an annual dividend yield of 1.13%, which is the same as the engineering & construction industry average of 0.64%. Exponent's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Exponent's dividend has shown consistent growth over the last 10 years.

Exponent's dividend payout ratio of 53.5% indicates that its dividend yield is sustainable for the long-term.

Aecom (NYSE:ACM) has an annual dividend yield of 0.87%, which is the same as the engineering & construction industry average of 0.64%.

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

Engineering & construction stocks were up 0.46% in the last day, and up 6.77% over the last week. Ameresco was the among the top gainers in the engineering & construction industry, gaining 21.13% yesterday.

Ameresco shares are trading higher after the company reported better-than-expected Q1 financial results.

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 86, which is 58 points higher than the engineering & construction industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Energy Services Of America's stock has gained 265.92% in the past year. It has overperformed other stocks in the engineering & construction industry by 204 percentage points.

Ameresco (NYSE:AMRC) is the second most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Ameresco 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.

Ameresco's stock has dropped -36.4% in the past year. It has underperformed other stocks in the engineering & construction industry by -99 percentage points.

Fluor (NYSE:FLR) is the third most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Fluor 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.

Fluor's stock has gained 40.79% in the past year. It has underperformed other stocks in the engineering & construction industry by -21 percentage points.