Top US Construction Company Stocks to Watch in 2023

The construction industry has been experiencing significant growth, thanks to increased infrastructure spending and a recovering economy. For investors looking to capitalize on this trend, investing in US construction company stocks could be a wise move. In this article, we'll explore the top construction company stocks in the US that you should consider adding to your portfolio in 2023.

1. PulteGroup, Inc. (PHM)

PulteGroup is one of the largest homebuilders in the United States, specializing in residential construction. The company has a strong presence in several markets across the country and has been benefiting from the growing demand for new homes. With a market capitalization of over $30 billion, PulteGroup is a solid investment for those looking to capitalize on the housing market's recovery.

2. D.R. Horton, Inc. (DHI)

D.R. Horton is another leading homebuilder in the US, known for its extensive product offerings and strong financial performance. The company has been consistently delivering strong earnings and has a significant presence in the southern and southwestern regions of the country. With a market capitalization of over $50 billion, D.R. Horton is a top pick for construction industry investors.

3. McDermott International, Inc. (MDR)

McDermott International is a global engineering, construction, and manufacturing company specializing in energy infrastructure. The company has a strong pipeline of projects, including offshore oil and gas projects, and has been diversifying its operations to include renewable energy. With a market capitalization of over $6 billion, McDermott International offers investors exposure to the growing energy sector.

4. Obayashi Corporation (OTCPK:OBYCF)

Obayashi Corporation is a leading construction company based in Japan, with a significant presence in the US. The company has been involved in several high-profile projects, including the construction of the Tokyo Skytree. With a market capitalization of over $8 billion, Obayashi Corporation offers investors exposure to the global construction industry.

5. Fluor Corporation (FLR)

Fluor Corporation is a global engineering, procurement, and construction company with a diverse portfolio of projects in the energy, chemicals, and infrastructure sectors. The company has a strong track record of delivering complex projects on time and on budget. With a market capitalization of over $7 billion, Fluor Corporation is a top pick for those looking to invest in the engineering and construction industry.

6. Bechtel Group, Inc.

Bechtel Group is a global engineering, construction, and project management company with a rich history of delivering world-class projects. The company has a diverse portfolio of projects, including infrastructure, energy, and mining projects. With a market capitalization of over $20 billion, Bechtel Group is a solid investment for those looking to invest in the construction industry.

7. Skanska USA Building, Inc.

Skanska USA Building is a leading construction and development company with a focus on sustainable building practices. The company has a strong track record of delivering high-quality projects on time and on budget. With a market capitalization of over $1 billion, Skanska USA Building is a top pick for those looking to invest in the sustainable construction industry.

In conclusion, investing in US construction company stocks can be a wise move for those looking to capitalize on the growing construction industry. By considering the top construction company stocks in the US, investors can gain exposure to the housing market, energy sector, and global construction industry.

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