Top seven infrastructure stocks on Wall Street

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Top seven infrastructure stocks on Wall Street

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 Top seven infrastructure stocks on Wall Street
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Summary

  • American Tower Corporation (NYSE: AMT) reported revenue of US$2.1 billion in Q1, 2021.
  • Fluor Corporation (NYSE: FLR) has a market capitalization of US$2.3 billion.
  • Kinder Morgan, Inc (NYSE: KMI) recorded a net income of US$971 million or US$0.62 per share in Q1, 2021.

Infrastructure stocks are stocks of companies that construct roads, bridges, railways, communication systems, power projects, etc. In addition, companies that supply aggregates, ready-mix, and solutions for construction activities also fall in this category.

We explore here seven infrastructure stocks in the market.

American Tower Corporation (REIT) (NYSE: AMT)

American Tower Corporation provides wireless communication infrastructure across the globe. It operates in 23 countries.

Its stock traded at US$276.605 at 11.25 am ET on July 9, down by 0.47 percent over yesterday’s closing price. Stock prices of AMT gone up by 25.95 percent YTD and 4.14 percent YoY. The market capitalization of the company is US$125.7 billion.



Source: Pixabay.

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P/E ratio and forward P/E 1-year are 64.17 and 30.34, respectively. It recorded earnings per share US$4.31. Its shareholders received an annualized dividend of US$5.08. The current yield of the company is 1.83%, and the beta is 0.23. the highest stock price for the past 52 weeks was US$280.21, and the lowest US$197.50. The share volume is 225,363.

The company reported total revenue of US$2.1 billion in Q1, 2021, which ended on March 31. Its net income was US$652 million in Q1, 2021. Adjusted EBITDA was US$1.4 billion.

Fluor Corporation (NYSE: FLR)

Fluor Corporation is a construction company that designs and builds infrastructure projects. It also provides solutions to procurement, construction projects across the world.

Its stock traded at US$16.98 at 11.46 am ET on July 9, up by 6.13 percent over yesterday’s closing price. Stock prices of FLR gone up by 7.3 percent YTD and 51.20 percent YoY. The market capitalization of the company is US$2.3 billion.

The forward P/E 1-year is 25.79. It recorded earnings per share US$-1.63. the highest stock price for the past 52 weeks was US$25.08, and the lowest US$8.10. The share volume is 1,247,676.

The FLR reported total revenue of US$2.9 billion in Q1, 2021, which ended on March 31. Net loss from operations was US$61 million or US$0.63 per share.

Also read: Planet Labs (PL): All you need to know about $2.8B SPAC deal

Source: Pixabay.

Kinder Morgan, Inc (NYSE: KMI)

Kinder Morgan, Inc is an energy infrastructure company based in North America. It owns or has an interest in 144 terminals and 83,000 miles of pipeline. The pipelines transport gas, oil, CO2, among others.

Its stock traded at US$18.525 at 12.01 pm ET on July 9, up by 1.95 percent over yesterday’s closing price. Stock prices of KMI gone up by 36.61 percent YTD and 33.17 percent YoY. The market capitalization of the company is US$41.9 billion.

P/E ratio and forward P/E 1-year are 22.87 and 14.89, respectively. It recorded earnings per share of US$0.81. Its shareholders received an annualized dividend of US$1.08. The current yield of the company is 5.9%, and the beta is 1.14. the highest stock price for the past 52 weeks was US$19.29, and the lowest US$11.45. The share volume is 3,209,034.

KMI reported net income attributed to KMI of US$1.4 billion in Q1, 2021, and it was a net loss of US$306 million YoY. Distributed cash flow for the quarter was US$2.3 billion as compared to US$1.2 billion of Q1, 2020. Net income was US$971 million or US$0.62 per share.

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Martin Marietta Materials, Inc. (NYSE: MLM)

 Martin Marietta Materials provides heavy building materials and aggregates for the construction of infrastructure.

Its stock traded at US$357.40 at 12.40 pm ET on July 9, up by 1.75 percent over yesterday’s closing price. Stock prices of MLM gone up by 28.65 percent YTD and 72.89 percent YoY. The market capitalization of the company is US$22.4 billion.

P/E ratio and forward P/E 1-year are 29.52 and 27.79, respectively. It recorded earnings per share of US$12.17. In addition, its shareholders received an annualized dividend of US$2.28. The current yield of the company is 0.64%, and the beta is 0.65. the highest stock price for the past 52 weeks was US$383.71, and the lowest US$201.04. The share volume is 117,310.

The company reported a gross profit of US$174 million in Q1, 2021, ended on March 31, and that was US$142.4 in Q1, 2020. Its revenue was US$982 million in Q1, 2021, and US$958.2 million YoY. Earnings per diluted share were US$1.04 in Q1, 2021, and US$0.41 YoY.

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ChargePoint Holdings, Inc. (NYSE CHPT)

ChargePoint Holdings, Inc. operates a network of charging stations for electric vehicles across 14 countries.

Its stock traded at US$28.23 at 12.59 pm ET on July 9, up by 0.57 percent over yesterday’s closing price. The market capitalization of the company is US$8.5 billion.

The forward P/E 1-year is -51.02. The beta is 1.84. the highest stock price for the past 52 weeks was US$49.48, and the lowest US$9.94.

The company recorded revenue of US$40.5 million in Q1, 2021, up by 24 percent YoY. The gross margin was 22.8 percent, down from 23.7 percent YoY. It reported a net income of US$82.3 million.

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Summit Materials, Inc (NYSE: SUM)

Summit Materials, Inc provides cement, aggregates, asphalt, and ready-mix for construction.

Its stock traded at US$34.875 at 1.12 pm ET on July 9, up by 3.17 percent over yesterday’s closing price. The market capitalization of the company is US$4 billion.

The P/E ratio and the forward P/E 1-year were 24.72 and 26.19, respectively. The beta is 1.32. the highest stock price for the past 52 weeks was US$37.12, and the lowest US$14.36. Earnings per share were US$1.41. The share volume is 128,760.

The company recorded total revenue of US$398.5 million in Q1, 2021, up by 16.4 percent YoY. Net loss was US$22.5 million. And adjusted EBITDA was US$41.7 million, up by 166.5 percent YoY.

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Infrastructure and Energy Alternatives, Inc (Nasdaq: IEA)

Infrastructure and Energy Alternatives, Inc is an infrastructure construction company focusing on civil expertise and renewable energy.

Its stock traded at US$12.235 at 1.26 pm ET on July 9, up by 3.51 percent over yesterday’s closing price. The market capitalization of the company is US$303 million.

The forward P/E 1-year is 34.76. The beta is 1.55. the highest stock price for the past 52 weeks was US$24.13, and the lowest US$3.06. Earnings per share were US$-0.60. The share volume is 160,980.

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The company reported a revenue of US$276.4 million in Q1, 2021, and that was US$358.2 million YoY. Net loss was US$20.4 million or US$0.91 per diluted share. Adjusted EBITDA was US$3.4 million in Q1, 2021, and that was US$16.5 million YoY.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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