Top Construction & Engineering Stocks to Buy in 2019

(A Top Pick Dec 24/20, Up 28.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BDT has achieved its objective at $10. To be disciplined, we recommend covering half the position at this time and trailing up the stop (from $6.50) to $8.25. If triggered this would all but guarantee a net investment return…

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.

It's been a pretty good period to hold it as they transition more to a consulting company. It is not cheap . Hang on to it as there is a lot of infrastructure spending taking place in the world.

Have seen many new highs in stocks in the same group. Will benefit from the trillion dollar infrastructure bill. Pays a 3.2% dividend yield. Cashflow has grown significantly to $110M. Very attractive 12.3x cashflow yield. Sales up 27%, cashflow up 124%. Earnings estimates were bumped up by 9%. (Analysts’ price target is $23.54)

She likes their near- and long-term prospects. WSP shares have done well in the past year. They made key acquisitions in the environmental space. Good balance sheet and strong ESG score. She trimmed her position in recent months, but she still likes this. It's a well-run company in a good business.

Exemplifies growth and cyclicality. Engineering design, natural resources, infrastructure, and other sectors. The economic backdrop is bright for companies like this. Governments want to do infrastructure renewals. Governance and management missteps are being worked on. (Analysts’ price target is $41.07)

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…

PWR vs. MTZ MTZ does 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…

This will benefit if/when a US infrastructure plan really happens. Has a great balance sheet and is growing nicely, trading below 20x earnings. They recently bought a 5G infrastructure company, which is another plus.

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,…