Construction is more than a job. It’s many Americans’ identity, culture, and way of life. The industry has been around for centuries and shows no signs of slowing down anytime soon. The demand for construction work is expected to grow by as much as 10% annually through 2024. As you may have guessed, investing in construction companies is an excellent way to benefit from the growing need for new buildings, homes, and other structures. With that in mind, here are some of the best industrial construction & engineering stocks to buy today.
Lennar has been around since 1956 and is one of the largest homebuilders in North America. The company has expertise in the residential, commercial, and industrial property development industries and sells its homes under the Lennar brand name. Lennar is also one of the country’s most prominent builders of manufactured homes and is currently transitioning into a platform business model. This model focuses on increasing efficiencies and expanding to new markets. Lennar stock has performed well since the company went public in 2015 and is expected to perform even better.
AECOM is a global engineering and construction company that has been around since 1945 and employs more than 62,000 people worldwide. The company operates in about 25 countries and is currently the world’s fifth-largest engineering company. AECOM has expertise in architecture, building, design, engineering, and information technology and offers a wide range of products and services, including intelligent cities. AECOM has been selected as the engineering consultant for the world’s first “climate-positive” city. AECOM stock has been performing very well in 2019 and is an excellent choice for investors.
NV5 is one of the world’s largest and most diversified engineering, procurement, and construction (EPC) companies. The company has a global presence, with engineering and construction facilities in more than 40 countries. NV5 has been a rising star in the industry for several years and is expected to continue growing as construction needs increase. The company specializes in engineering, procurement, and construction and has expertise in the oil and gas, mining, power, and industrial sectors. NV5 is expected to benefit as the world transitions to renewable energy sources and is currently trading at a meager price.
Primoris is one of the leading general contractors in the United States. The company has been around since 1983 and has a long history of successful industrial, commercial, and government projects. Primoris has water/wastewater, power, transportation, industrial, healthcare, and telecommunications expertise. The company has a strong focus on customer relationships and is currently in a powerful position to take advantage of the growing construction industry. Primoris stock has a low price and is an excellent choice for investors.^ ConclusionInvesting in construction companies can be a great way to earn a steady income, build wealth, and profit from this significant and growing industry. The best industrial construction & engineering stocks to buy today are Lennar, AECOM, NV5 Global, and Primoris Services.