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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:

Limbach Holdings (NASDAQ:LMB) is the top engineering & construction stock with a Zen Score of 51, which is 19 points higher than the engineering & construction industry average of 32. It passed 16 out of 33 due diligence checks and has strong fundamentals. Limbach Holdings has seen its stock return 350.07% over the past year, overperforming other engineering & construction stocks by 320 percentage points.

Limbach Holdings has an average 1 year price target of $33.33, an upside of 5.05% from Limbach Holdings's current stock price of $31.73.

Limbach Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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.

Jacobs Solutions (NYSE:J) is the second best engineering & construction stock with a Zen Score of 51, which is 19 points higher than the engineering & construction industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Jacobs Solutions has seen its stock return 25.46% over the past year, underperforming other engineering & construction stocks by -5 percentage points.

Jacobs Solutions has an average 1 year price target of $150.29, an upside of 10.1% from Jacobs Solutions's current stock price of $136.50.

Jacobs Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Jacobs Solutions, 28.57% have issued a Strong Buy rating, 57.14% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Sterling Infrastructure (NASDAQ:STRL) is the third best engineering & construction stock with a Zen Score of 51, which is 19 points higher than the engineering & construction industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Sterling Infrastructure has seen its stock return 245.79% over the past year, overperforming other engineering & construction stocks by 216 percentage points.

Sterling Infrastructure has an average 1 year price target of $65.00, a downside of -11.54% from Sterling Infrastructure's current stock price of $73.48.

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.

Out of 14 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 2.2%, which is 1 percentage points higher than the engineering & construction industry average of 0.81%. 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 37.6% indicates that its dividend yield is sustainable for the long-term.

Granite Construction (NYSE:GVA) has an annual dividend yield of 1.37%, which is 1 percentage points higher than the engineering & construction industry average of 0.81%. 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 58.4% indicates that its dividend yield is sustainable for the long-term.

Energy Services Of America (NASDAQ:ESOA) has an annual dividend yield of 1.24%, which is the same as the engineering & construction industry average of 0.81%. 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 25% indicates that its dividend yield is sustainable for the long-term.

Engineering & construction stocks were down -0.94% in the last day, and down -0.1% over the last week.

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

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

Concrete Pumping Holdings (NASDAQ:BBCP) is the most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Concrete Pumping Holdings has a valuation score of 57, which is 38 points higher than the engineering & construction industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Concrete Pumping Holdings's stock has gained 30.2% in the past year. It has performed in line with other stocks in the engineering & construction industry.

Limbach Holdings (NASDAQ:LMB) is the second most undervalued engineering & construction stock based on WallStreetZen's Valuation Score. Limbach Holdings has a valuation score of 57, which is 38 points higher than the engineering & construction industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Limbach Holdings's stock has gained 350.07% in the past year. It has overperformed other stocks in the engineering & construction industry by 320 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 43, which is 24 points higher than the engineering & construction industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Energy Services Of America's stock has gained 39.97% in the past year. It has overperformed other stocks in the engineering & construction industry by 10 percentage points.