Jacobs Engineering Group Inc. (NYSE:JEC) continues to boost its organic growth trajectory on the back of a prime construction management contract secured from the Los Angeles World Airports (LAWA).
Over the last one month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 2.71%, outperforming 0.59% growth recorded by the Zacks categorized Engineering - R and D Services industry. Notably, the stock currently carries a favorable Value Style Score “B”.
Inside the Headlines
Per the new deal, Jacobs will offer its services for supporting LAWA’s Airline/Tenant Improvement Program, Landside Access Modernization Program and the Capital Improvement Program at the Los Angeles International Airport (LAX). These services would include environmental reporting, change management, staff training and development, construction and design management, construction logistics, and impact analysis.
Financial details of the contract remain undisclosed.
The City of Los Angeles foresees that the number of travelers in the Southern California region would shoot up in the years ahead, on account of the provision of new entertainment facilities and a probable bid for the Summer Olympics 2024. In sync with this, LAWA has started modernizing LAX with capital investments nearly worth $14 billion.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Boise Cascade Company (NYSE:BCC) generated an outstanding average positive earnings surprise of 114.74% over the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TopBuild Corp. (NYSE:BLD) also sports a Zacks Rank #1 and generated an average positive earnings surprise of 5.98% over the past four quarters.
Armstrong World Industries, Inc. (NYSE:AWI) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 1.73% for the last four quarters.
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