Top Construction & Engineering Stocks to Buy in 2019

Construction and industrials have had a tough share price environment. He owns ARE instead, for its more stable public sector exposure. Likes the space broadly. How can companies pass through inflation? Pandemic labour shortages are, hopefully, in the rearview mirror. See his Top Picks.

This is a funny one. The book value is $4.80. They started a few more projects in China. It is not for him, but he can see why somebody would like it.

In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.

Data back to 1995 shows valuation high is EBV 5. It went there, and now it's correcting. Model price of $51.21, so still an almost 10% overvaluation today. When it bottoms, it will bottom around $40. Industrials don't do well in a recession.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They reported a loss of $0.29 vs the expected $0.3. Revenues were up 31% compared to last year at $986 million. Backlog of $6.4B was up nicely from $5.9 a year ago. Saw some good contracts and expansion. Results are fine but cash flows were…

She's adding at these levels. WSP has executed well. They have fully integrated an acquisition from a few years ago and bought another company, this one in the environmental side. They always garner the premium multiple vs. other engineering companies. She likes WSP for being in consulting and services, not construction. Shares got ahead of…

Large projects might be harder to finance with interest rates shooting up. The group's in a good position to do well over the next number of years. Has come back from its troubled days. Likes exposure to the area, but this one is more expensive than peers.

Customized, prefabricated environmental office interior solutions. High net cash position. Significant upside because of their flexible business model. Surge in office reconfiguration taking place across North America. Top management. No dividend. (Analysts’ price target is $3.46)

MTZ vs. PWR Construction engineering services in the US. Rallied on the back of the infrastructure bill. He prefers Quanta Services, with its better quality management team, better track record, and lower risk areas of operation. PWR has better leverage to the bill and US growth. MTZ is not cheap, so probably won't be a…

Believes power companies will benefit in the near, to long term. Charging stations for electric cars will be in high demand going forward. Owning companies that service electric vehicles is better than trying to pick particular car company.

An infrastructure company and will benefit from the US infrastructure bill. (Analysts’ price target is $160.38)

re: Biden infrastrcture plan FLR would benefit from Biden's plan, but FLR wouldn't be his first choice. They've had 3 CEOs in the last 2 years and were the subject of an SEC investigation and had to delay their financial statements. They're getting rid of Stock, a subsidiary. Lots of moving parts here. United Rentals,…