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Best Engineering & Construction Stocks to Buy Now (2023)

Top engineering & construction stocks in 2023 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:

Ies Holdings (NASDAQ:IESC) is the top engineering & construction stock with a Zen Score of 58, which is 23 points higher than the engineering & construction industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Ies Holdings has seen its stock return 58.33% over the past year, overperforming other engineering & construction stocks by 45 percentage points.

Sterling Infrastructure (NASDAQ:STRL) is the second best engineering & construction stock with a Zen Score of 58, which is 23 points higher than the engineering & construction industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Sterling Infrastructure has seen its stock return 93.27% over the past year, overperforming other engineering & construction stocks by 80 percentage points.

Sterling Infrastructure has an average 1 year price target of $52.00, an upside of 10.36% from Sterling Infrastructure's current stock price of $47.12.

Sterling Infrastructure stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Sterling Infrastructure, 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.

Limbach Holdings (NASDAQ:LMB) is the third best engineering & construction stock with a Zen Score of 52, which is 17 points higher than the engineering & construction industry average of 35. It passed 16 out of 33 due diligence checks and has strong fundamentals. Limbach Holdings has seen its stock return 280.75% over the past year, overperforming other engineering & construction stocks by 267 percentage points.

Limbach Holdings has an average 1 year price target of $24.50, an upside of 14.7% from Limbach Holdings's current stock price of $21.36.

Limbach Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Limbach Holdings, 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 12 engineering & construction stocks that have issued dividends in the past year, the 3 engineering & construction stocks with the highest dividend yields are:

Energy Services Of America (NASDAQ:ESOA) has an annual dividend yield of 2.69%, which is 2 percentage points higher than the engineering & construction industry average of 1.11%. Energy Services Of America's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Energy Services Of America's dividend has not shown consistent growth over the last 10 years.

Energy Services Of America's dividend payout ratio of 29.4% indicates that its dividend yield is sustainable for the long-term.

Argan (NYSE:AGX) has an annual dividend yield of 2.4%, which is 1 percentage points higher than the engineering & construction industry average of 1.11%. 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 42.6% indicates that its dividend yield is sustainable for the long-term.

Johnson Controls International (NYSE:JCI) has an annual dividend yield of 2.28%, which is 1 percentage points higher than the engineering & construction industry average of 1.11%. Johnson Controls International's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Johnson Controls International's dividend has shown consistent growth over the last 10 years.

Johnson Controls International's dividend payout ratio of 70.1% indicates that its dividend yield is sustainable for the long-term.

Engineering & construction stocks were up 1.15% in the last day, and down -0.48% 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:

Limbach Holdings (NASDAQ:LMB) is the most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Limbach Holdings has a valuation score of 71, which is 36 points higher than the engineering & construction industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Limbach Holdings's stock has gained 280.75% in the past year. It has overperformed other stocks in the engineering & construction industry by 267 percentage points.

Ies Holdings (NASDAQ:IESC) is the second most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Ies Holdings has a valuation score of 71, which is 36 points higher than the engineering & construction industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Ies Holdings's stock has gained 58.33% in the past year. It has overperformed other stocks in the engineering & construction industry by 45 percentage points.

Energy Services Of America (NASDAQ:ESOA) is the third most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Energy Services Of America has a valuation score of 57, which is 22 points higher than the engineering & construction industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Energy Services Of America's stock has dropped -21.19% in the past year. It has underperformed other stocks in the engineering & construction industry by -35 percentage points.