The very sad tragedy of the Minneapolis bridge collapsing was a wake-up call to state and local governments that many roads, bridges, and tunnels are in dire need of repair. There are many ways to invest in the infrastructure sector, from the cement producers, to the construction contractors, to the engineering and design consultants. For purposes of this article, infrastructure refers to 'hard' infrastructure, such as airports, bridges and power plants, as opposed to 'soft' infrastructure such as telecommunications and Internet bandwidth. Here is a large cross-section of several of the 'hard' infrastructure companies:
AECOM Technology Corporation (ACM) is a Los Angeles, California based company which provides architecture, engineering, construction management, project management, asset management, and environmental consulting services to governments and industry. Their P/E is 27.97 and their PEG is 1.12.
Cemex (CX), which is a Mexican company, produces and markets cement, ready-mix concrete, aggregates, and other construction materials for the construction industry. The stock carries a P/E of 11.9, a PEG of 3.82, and a yield of 2.4%.
Chicago Bridge and Iron (CBI), which is not based in Chicago, but in the Netherlands of all places, provides engineering, procurement, and construction services to the oil and gas, water, metals, and mining industries around the world. The stock has a P/E of 27.55, a PEG of 1.68, and a yield of 0.4%.
Fluor (FLR) is in the business of providing engineering, procurement, and construction and maintenance services around the world. The stock has a P/E of 40.31, a PEG of 1.73, and a yield of 0.7%.
Foster Wheeler (FWLT) provides engineering and construction services to the power plant, power generation, and oil and gas industries. The company has a P/E of 20.09 and a PEG of 1.5.
Granite Construction (GVA) is a California based heavy civil construction contractor which is working on the Woodrow Wilson Bridge in Alexandria, Virginia. . The P/E is 27.8, the PEG is 1.7, and the yield is 0.7%.
Jacobs Engineering Group, Inc. (JEC) provides engineering, architectural, technical, professional, and construction services to industrial and governmental organizations. The P/E is 30.6 and the PEG is 1.49.
Lafarge SA (LR) is a France based company which sells construction materials all over the world, including cement, aggregates, concrete, and gypsum. The stock has a P/E of 12.33 and a yield of 1.8%.
McDermott (MDR) has a government operations division which provides many services to various U.S. Government-owned facilities, including uranium processing, environmental site restoration services, utility and industrial power generation systems, and boilers. They also engineer offshore drilling and production facilities. The stock has a P/E of 21.94 and a PEG of 1.26.
Meadow Valley (MVCO), a Phoenix, Arizona based company involved in heavy construction. They also make and sell ready-mix concrete, sand, and gravel products. The stock has a P/E of 16.46 and a P/S of 0.35. It appears that no analysts cover this company.
Michael Baker Corporation (BKR), founded in Pennsylvania in 1940, provides engineering services, design-build services, construction management, consulting, planning, surveying, mapping, geographic information systems, and architectural services to both governments and the private sector. The stock has a P/E of 25.55 and a P/S of 0.49.
Perini Corporation (PCR) is a Massachusetts based company which provides general contracting, construction management, and design-build services to both the public and private sectors. The P/E is 24.63 and the PEG is 1.51.
Tetra Tech Inc. (TTEK) provides consulting, engineering, and technical services in the area of civil infrastructure. The P/E is 26.6 and the PEG is 2.04.
URS Corp. (URS) provides engineering and technical design services to federal, state, and local government agencies, along with private industry. The P/E is 20.97 and the PEG is 1.35.
Willdan Group (WLDN) is an Anaheim, California based company, located down the street from Disneyland. It provides civil engineering, building and safety, and geotechnical engineering services to small and medium size governmental agencies. The stock has a P/E of 10.04 and a price sales ratio of 0.89.
To download a list of all these infrastructure stocks and their financials in an Excel format which you can then sort, add to, or adjust, go to WallStreetNewsNetwork.com.
Author does not own any of the above.
By Fred Fuld at Stockerblog.com
Picture courtesy of FEMA.
2 comments:
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-Cheers!
forestry trucksThat is so unusual,CBI. I always thought at least the company must have originated from Chicago. I guess not.
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