Construction Stocks

Construction Stocks can vary and may slip in profits at times, as well; however, the market forecast for most of them remains one of promise. There will always be a demand for these types of businesses as long as the gas and oil companies exist. The Construction Industry has survived thus far and the outlook still looks favorable for these Construction Companies.

One of these Construction Companies is Chicago Bridge & Iron (CB&I) which continues to build natural gas terminals and plants. CB&I consists of three sectors of business which complete these projects: CB&I Lummus which builds upstream and downstream oil and gas enterprises; CB&I Steel Plate Structures which designs and builds storage tanks and associated systems for oil and gas, water and wastewater, mining and nuclear industries; and Lummus Technology which has patents and patent applications for better processing technologies for oil and gas production plants On the NYSE (New York Stock Exchange) the symbol for CB&I is CBI. This year its Construction Stocks had earnings of $40.8 million compared to $8.6 million a year earlier.

Another Construction Company is Astec Industries, Inc. which manufactures more than 180 products from concrete plants, rock crushing and screening plants, hot mix asphalt, horizontal directional drills, gas and oil drilling rigs, geothermal drills, material transfer vehicles, horizontal directional drills, and milling machines. It is involved in the design, engineering, manufacturing, and marketing of the equipment and components that are used in building roads, in utility, and in the energy production field, as well. It has 3,973 employees and has $582.0 Million of capital. Presently, each share of its Construction Stock is worth $25.92 and its NASDAQ symbol is ASTE.

One other Construction Company is Caterpillar (symbol CAT in NYSE). This company provides mining and construction equipment, natural gas and diesel engines, and industrial gas turbines. Its equipment is used worldwide in the oil and gas production segments and in farming and construction segments. Currently each stock is worth $58.78. Yet, its net income fell 66 percent to $371 million compared with $1.11 billion from last year. Additionally, the company employs 95,761 compared to 112,887 the year before. However, Caterpillar continues to supply worldwide demand for bulldozers, mining trucks, cargo ship engines, and more equipment. Although, the demand may be less, the future looks promising as more infrastructure projects have been planned by the current United States administration. Caterpillar will not be the only company with Construction Stocks rising in price when this upsurge in construction finally occurs.

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