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

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.

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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.

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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.

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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.

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