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The Illinois-based company is long a mainstay in the manufacture of heavy equipment used to build and repair highways, roads and other infrastructure.ĬAT stock has built up a solid reputation as a dividend king in its sector, having raised its dividend in each of the last 18 years.įurthermore, free cash flows from its core machinery, energy, and transportation (ME&T) business are set to grow at an impressive pace through 2026. Hence, it’s in an incredible position to push on and take advantage of the tailwinds.Ĭaterpillar’s distinctive yellow and black machinery is a staple across most construction sites across the country. Moreover, Nucor has recently been on an acquisition spree, acquiring steel racking manufacturer Hannibal Industries and the insulated metal panels segment of Cornerstone Building Brands business. Nucor is making the most of the surge in demand for steel which has sent prices of U.S. Projected earnings are expected to rise 46% on a sequential basis. The company reported two consecutive quarters of record earnings and is expected to put on a solid showing in the third quarter.
Moreover, NUE stock is a dividend aristocrat in its sector, having increased its dividend payouts for 48 consecutive years. Therefore, it has a massive competitive advantage in terms of cost. The North Carolina-based steel giant is also the largest steel recycler in the North American region, with most of its production output coming from scrap. Nucor is perhaps a no-brainer to buy ahead of an infrastructure bill, considering that it’s the largest steel manufacturer in the United States. Let’s look at seven of the top infrastructure stocks to buy and hold this year and beyond. Therefore some companies are already making tons of money, and the higher federal spending could be a major growth catalyst as we advance. On top of that, the bill also allocates $7.5 billion for electric buses and ferries.Ĭonstruction spending had been steadily rising in the lead up towards the approval of the bill. Moreover, it also includes substantial investments in upgrading broadband networks, airports, ports, and waterways. It includes $110 billion for developing new and improving existing highways, roads, bridges, and related projects. The bill includes $550 billion in federal investments in America’s infrastructure over the next five years. Hence, there’s a lot of optimism surrounding infrastructure stocks at this time. Ever since President Joe Biden took office, his administration has put forth massive spending plans for rebuilding America’s crumbling infrastructure. There has been plenty of hype surrounding infrastructure stocks, even before the Senate approved the colossal bipartisan infrastructure bill in August.
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