Top 10 Construction Stocks of 2024(So Far)

March 30, 2024

A list of the best construction stocks to buy this year amid the looming infrastructure boom
Top Construction Stocks

The construction sector is poised for significant growth in the coming years, driven by global infrastructure needs, the push for sustainable development, and increased government spending. Investing in well-positioned construction stocks presents an opportunity to capitalize on this long-term trend. Let's delve into some of the best construction stocks to consider with promising growth potential.

Best Construction Stocks to Buy in 2024

Let's take a closer look at some of the top construction stocks that deserve a spot on your radar:

Fluor Corporation (FLR)

Dynamic Stock Chart for TICKER FLR

Fluor Corporation is a multinational engineering and construction powerhouse with a global footprint. The company's expertise spans energy, infrastructure, and government services sectors. Its diverse project portfolio positions it to benefit from major infrastructure initiatives across the globe.

  • Wide-Ranging Portfolio: Fluor's projects involve oil and gas, chemicals, power plants, transportation infrastructure, and government facilities.
  • International Reach: The company operates in numerous countries, providing exposure to diverse markets and growth opportunities.
  • Recent Developments: Keep an eye on Fluor's new contract wins and strategic partnerships for clues about future growth.

Jacobs Engineering Group (J)

Dynamic Stock Chart for TICKER J

Jacobs Engineering Group provides a breadth of engineering, construction, and technical services. Its focus on infrastructure, aerospace, and defense contracts makes it a compelling player in high-growth segments of the construction industry.

  • Infrastructure Focus: Jacobs is involved in major transportation, water, and environmental projects.
  • Defense and Aerospace: The company's expertise in high-tech sectors provides a specialized edge.
  • Acquisitions and Growth: Monitor Jacobs' strategic acquisitions for potential expansion into new markets.

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Dynamic Stock Chart for TICKER ACM

AECOM offers large-scale infrastructure design, construction, and management services. Its involvement in major transportation, water, and energy projects underscores its significance in the infrastructure development landscape.

  • Global Player: AECOM has a presence in over 150 countries, with projects spanning diverse regions.
  • Comprehensive Services: The company offers a full range of services from planning and design to construction and project management.
  • Focus on Sustainability: AECOM's involvement in environmentally-conscious projects aligns with future trends in infrastructure.


Dynamic Stock Chart for TICKER KBR

KBR primarily focuses on government services and engineering solutions for the energy and defense sectors. Recent contract wins in military and infrastructure domains highlight its potential for sustained growth.

  • Government Contracts: KBR generates a significant portion of its revenue from U.S. and international government contracts.
  • Energy Solutions: The company provides engineering and technical services for oil and gas, chemicals, and power generation industries.
  • Growth Outlook: Focus on sustainable solutions and defense technology could drive future expansion.

Quanta Services (PWR)

Dynamic Stock Chart for TICKER PWR Quanta Services specializes in providing infrastructure services, with a strong focus on the electric power and energy sectors. The company stands to benefit from the ongoing modernization of the energy grid and the surge in renewable energy projects.

  • Energy Transformation: Quanta Services plays a pivotal role in building and upgrading power transmission and distribution systems.
  • Renewable Energy Boom: The company's involvement in solar and wind power projects positions it well for growth.
  • Pipeline Services: Quanta also offers construction and maintenance services for oil and gas pipelines.

Martin Marietta (MLM)

Dynamic Stock Chart for TICKER MLM Martin Marietta is a leading supplier of construction aggregates materials like crushed stone, sand, and gravel. These materials are essential for a wide range of construction projects, particularly those related to road, bridge, and infrastructure building.

  • Fundamental Building Blocks: Martin Marietta's products are indispensable components of infrastructure development.
  • Strategic Locations: The company's strategically located quarries and distribution network provide a competitive advantage.
  • Pricing Power: As demand for aggregates increases, Martin Marietta may benefit from improved pricing dynamics.

MasTec (MTZ)

Dynamic Stock Chart for TICKER MTZ MasTec focuses on infrastructure construction within sectors like communications, oil and gas, and power generation. The company's expanding involvement in the renewable energy space bodes well for its future prospects.

  • Communications Infrastructure: MasTec plays a key role in building wireless and fiber-optic networks.
  • Energy Transition: The company's growing renewable energy construction segment aligns with the shift towards clean energy sources.
  • Diversification: MasTec's involvement in oil and gas pipelines offers a degree of diversification.

Tutor Perini (TPC)

Dynamic Stock Chart for TICKER TPC Tutor Perini is a major player in heavy construction, known for its expertise in complex civil and building projects. Its reputation and track record in large-scale infrastructure and transportation projects make it a noteworthy stock.

  • Complex Projects: Tutor Perini excels in bridges, tunnels, airports, and other technically challenging infrastructure works.
  • Government Partnerships: The company often secures significant public works contracts.
  • Geographic Focus: While having a national presence, Tutor Perini's strong track record in California can be a growth driver with infrastructure investment.

Granite Construction (GVA)

Dynamic Stock Chart for TICKER GVA Granite Construction primarily engages in infrastructure projects, including roads, highways, bridges, and dams. The company is well-positioned to benefit from government-driven infrastructure spending initiatives.

  • Public Works Focus: Granite Construction heavily relies on government-backed infrastructure programs.
  • Materials Supplier: The company also produces construction aggregates, providing an additional source of revenue.
  • Regional Concentration: Keep an eye on Granite's geographic focus, as regional infrastructure spending can impact its growth.


Dynamic Stock Chart for TICKER EME EMCOR Group offers mechanical and electrical construction, industrial, and energy infrastructure services. The company plays a significant role in both commercial construction and ongoing facility maintenance.

  • Building Systems: EMCOR specializes in electrical systems, HVAC, plumbing, and fire protection for buildings.
  • Maintenance Services: The company's recurring revenue stream from facility maintenance and retrofit projects offers stability.
  • Industrial Niche: EMCOR serves industries like manufacturing, energy, and technology.


The construction industry is a cyclical sector, influenced by economic conditions and government spending. However, the long-term outlook remains positive with infrastructure upgrades and expansion becoming a global necessity. The stocks highlighted in this article represent a mix of established players and those with specialized niches.

Thoroughly researching these companies, understanding their current projects, financial status, and future growth strategies is crucial before investing. For those seeking exposure to the potential growth of the infrastructure and construction sectors, these stocks offer compelling options for consideration.

Disclaimer: Stock markets involve risk. Before making investments, do your own research or consult with a financial advisor.

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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