Construction & Engineering

Unusual times call for unusual measures. Business Insider reported that the White House has announced a cancellation of all public events. The Federal Reserve is set to meet today to discuss its policy, and many are hoping or expecting for the Fed to do something to stimulate the economy, perhaps...

Primoris Services Corporation (NASDAQ: PRIM) today announced that on August 4, 2011 the Board of Directors declared a 20% increase in the quarterly cash dividend to $0.03 per share from $0.025 per share. The $0.03 per share cash dividend is payable on or about October 14, 2011 to stockholders of...

CB&I (NYSE: CBI) announced today that Lummus Technology has been awarded a contract by Ningbo Haiyue New Material Co. Limited for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Ningbo City, Zhejiang Province, China.

Foster Wheeler (NASDAQ: FWLT) today announced that its Global Engineering and Construction Group has been released to perform the second phase scope for an existing contract with Ecopetrol S.A. for the Project for the Modernization of the Refinery in Barrancabermeja in Colombia. This release...

AECOM Technology Corporation (NYSE: ACM) announced today that it has been awarded a design and construction management contract for the US$66-million Dugway West Interceptor Relief Sewer in the Cleveland area. AECOM's total fees are worth approximately US$10 million.

Michael Baker Corporation (NYSE: BKR) announced today the appointment of Michael J. Zugay, CPA, as chief administrative officer. He will add these responsibilities to his current position of executive vice president and chief financial officer of the Company. In this additional role, he will be...

Michael Baker Corporation (NYSE: BKR) has appointed G. John Kurgan, P.E., chief operating officer of the Company. In this new position, he will be responsible for the day-to-day operations and business development of the Company worldwide.

Goldman Sachs is out with its report today on Granite Construction (NYSE: GVA), lowering its PT from $25 to $22. In its report, Goldman Sachs writes, "We lower our 2011/2012/2013 EPS estimates to $1.00/$1.20/$1.50 from $1.10/$1.40/$1.75, previously, to account for the EPS miss and lower margins...

Goldman Sachs has lowered the price target on Granite Corporation (NYSE: GVA) from $25 to $22 and maintains its Sell rating.

Citi reiterated its Buy rating on Fluor (NYSE: FLR). At the same time, the rating agency left its price target on the company's stock unchanged at $87. On Friday, FLR added 4.62% to its value to finish the week at $57.11.

Below are the top heavy construction stocks on the NYSE in terms of cash. Fluor Corporation (NYSE: FLR) had $2.35 billion in total cash and $82.95 million in total debt for the latest quarter. Shaw Group Inc (The) (NYSE: SHAW) had $1.72 billion in total cash and $1.62 billion in total debt for...

Blackbaud (NASDAQ: BLKB) gained over 18% in the first hour of trading after reporting positive Q2 earnings. Grand Canyon Education (NASDAQ: LOPE) gained over 17% today after positive Q2 earnings ($0.29 vs $0.23 estimate EPS). Piper Jaffray also raised the price target for the company, to $18 per...

Wunderlich Securities reiterated its Buy rating on MasTec (NYSE: MTZ). At the same time, the rating agency left its price target on the company's stock unchanged at $26. On Thursday, MTZ lost a massive 12.15% of its value to end the day at $18.01.

Fluor Corporation (NYSE: FLR) announced today that the Saudi Arabian Oil Company and The Dow Chemical Co. (NYSE: DOW) have awarded the firm a reimbursable engineering, procurement and construction management contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi...

Fluor Corporation (NYSE: FLR) announced today that British Columbia Mining Joint Venture, a 50:50 joint venture between Fluor Canada Ltd and AMEC Americas Limited, reached a final agreement with Terrane Metals Corp., a wholly-owned subsidiary of Thompson Creek Metals Company (NYSE: TC) to complete...