Top 5 infra stocks to explore after Biden’s big building plan - Kalkine Media

August 11, 2021 12:50 PM PDT | By Team Kalkine Media
Follow us on Google News:

Summary

  • Jacobs Engineering Group (J) revenue rose 9.7% YoY to US$3.6 billion in the third quarter.
  • Deere & Company’s (NYSE: DE) net income surged to US$1.790 billion, or US$5.68 apiece, from US$666 million, or US$2.11 per share, in the year-ago quarter.
  • The US Senate’s US$1 trillion spending blueprint for infrastructure will provide impetus to the sector.

The US$1 trillion infrastructure spending bill passed by the US Senate on Tuesday is expected to provide impetus to the sector, still recovering from a pandemic-induced slowdown.

                       

Top 5 Infra Stocks to Explore After Biden’s Big Building Plan

 

It aims to rebuild some of the much-need infrastructures like roads, bridges, airports, railroads, waterways, and other amenities. The lawmakers are also considering a US$3.5 trillion bill to achieve other government priorities like improving the green infrastructure to meet the climate targets.

Let's look at some of the infrastructure stocks that may benefit from the White House's move.

Jacobs Engineering Group Inc. (NYSE: J)

The stocks of the construction firm traded at US$134.57 as of 12:42 pm ET on August 11, up 2.16 percent compared to the closing price on August 10. The stock value of Jacobs rose 26.78 percent YTD.

The total revenue of the Texas-based company increased by 9.7 percent YoY to US$3.6 billion in the third quarter. Its adjusted earnings per share were US$1.64, and cash flow from operations was US$173 million. Backlog surged US$1.8 billion to US$25.4 billion, up 7 percent from the year-ago quarter.

The market capitalization of the company is US$17.538 billion. The forward P/E one year is 21.18. The earnings per share (EPS) is US$3.49. The highest and lowest stock price of the firm for 52 weeks is US$145.97 and US$87.32. Its share volume is 294,198.

Also Read: Can these 5 green EV stocks be the blue chips of future?

Deere & Company (NYSE: DE)

The stocks of the manufacturing company traded at US$382.51 as of 12:58 pm ET on August 11, up 1.56 percent compared to its closing price on August 10. The stock value of DE increased by 42.86 percent YTD.

The net sales and revenues of the Illinois-based company increased by 30 percent YoY to US$12.058 billion in the quarter ended May 2, 2021. The net income was US$1.790 billion, or US$5.68 apiece, compared to US$666 million, or US$2.11 per share, in the year-ago quarter.

The company's board of directors announced a regular quarterly dividend of US$0.90 apiece on common stock payable August 9, for shareholders of record on June 30, 2021.

The market capitalization of the company is US$119.242 billion. The forward P/E one year is 20.91. The earnings per share (EPS) is US$14.51. The highest and lowest stock price of the company for 52 weeks is US$400.34 and US$188.43. Its share volume is 763,969.

Also Read: Top six S&P 500 healthcare stocks to explore in covid times

Union Pacific Corporation (NYSE: UNP)

The stocks of the railroad operating firm traded at US$225.23 as of 1:15 pm ET on August 11, up 1.59 percent compared to its closing price on August 10. The stock value increased by 10.98 percent YTD.

The operating revenue of the Omaha-based company increased by 30 percent YoY to US$5.5 billion in the second quarter. In addition, its operating income surged 50 percent to US$2.5 billion compared to the year-ago quarter. The net income came in at US$1.8 billion, or US$2.72 per diluted share, compared to US$1.1 billion or US$1.67 per diluted share in the fiscal 2020 Q2.

The market capitalization of the company is US$146.878 billion. The forward P/E one year is 22.26. The earnings per share (EPS) is US$8.78. The highest and lowest stock price of the firm for 52 weeks is US$231.26 and US$171.50. Its share volume is 1,489,544.

Also read: NortonLifeLock, Avast to merge into an USUS$8.6 billion antivirus empire

Caterpillar Inc. (NYSE: CAT)

The stocks of the construction machinery manufacturer traded at US$220.41 as of 1:25 pm ET on August 11, up 2.96 percent compared to its closing price on August 10. The stock value of CAT increased by 21.02 percent YTD.

The total revenue of the Illinois-based company increased by 1 percent YoY to US$646 million in the second quarter. Its Q2 profit was US$142 million, up 141 percent or US$83 million, compared to the year-ago quarter. The market capitalization of the company is US$120.712 billion. The forward P/E one year is 21.24. The earnings per share (EPS) is US$7.97.

The highest and lowest stock price of the firm for 52 weeks is US$246.69 and US$135.65. Its share volume is 4,266,820.

Also Read: Explore four battery stocks powering the green drive

American Tower Corporation (NYSE: AMT)

The stocks of the REIT firm traded at US$276.24 as of 1:37 pm ET on August 11, up 0.34 percent compared to its closing price on August 10. The stock value of AMT increased by 25.8 percent YTD.

The total revenue of the Massachusetts-based company increased 20.2 percent YoY to US$2,299 million in the second quarter. Its net income surged 17.9 percent to US$2,233 million, while adjusted EBITDA rose 21.8% to US$1,476 million compared to Q2 for fiscal 2020.

The market capitalization of the company is US$125.728 billion. The forward P/E one year is 29.70. The earnings per share (EPS) is US$4.96. The highest and lowest stock price of the firm for 52 weeks is US$289.51 and US$197.50. Its share volume is 383,973.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.



Top Listed Companies