How These Heavy Construction Stocks are Faring? -- Fluor, Dycom Industries, Tutor Perini, and MasTec

NEW YORK, January 3, 2017 /PRNewswire/ --

Stock-Callers.com navigates the Heavy Construction industry, which performs activities on heavy and civil engineering construction projects, and focuses on infrastructure-related projects. The sector can be broken down into the following segments: water and sewer, conservation and development, as well as power, communication and transportation infrastructure construction. Equities to review this Tuesday are: Fluor Corp. (NYSE: FLR), Dycom Industries Inc. (NYSE: DY), Tutor Perini Corp. (NYSE: TPC), and MasTec Inc. (NYSE: MTZ). Register now and get full and free access to our downloadable research reports on these stocks at:

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Fluor  

Last Friday, shares in Irving, Texas headquartered Fluor Corp. ended the session 0.10% higher at $52.52. The stock recorded a trading volume of 684,771 shares. The Company's shares have advanced 2.75% in the previous three months and 13.07% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.71% and 1.75%, respectively. Furthermore, shares of Fluor, which through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide, have a Relative Strength Index (RSI) of 42.50.

On December 09^th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On December 20^th, 2016, Fluor announced that it been awarded an engineering, procurement, construction, and construction management contract by Novo Nordisk for its new $2 billion diabetes Active Pharmaceutical Ingredient manufacturing facility in Clayton, North Carolina. Fluor has been providing basic design services since Novo Nordisk announced plans for the new facility in August 2015 and now will be executing the full scope of work. Access our complete research report on FLR for free at:

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Dycom Industries  

Palm Beach Gardens, Florida-based Dycom Industries Inc.'s stock finished 1.59% lower at $80.29, with a total trading volume of 511,107 shares. The Company's shares have gained 9.64% in the last one month and 14.77% since the start of this year. The stock is trading above its 50-day moving average by 0.03%. Moreover, shares of Dycom Industries, which provides specialty contracting services in the US and Canada, have an RSI of 53.03.

As per SEC filing dated November 22^nd, 2016, at the Annual Meeting of Dycom's Shareholders held on November 22^nd, 2016, three proposals were voted upon by the its shareholders. The Company's shareholders: 1) elected Eitan Gertel and Anders Gustafsson to serve as directors until the Company's FY19 Annual Meeting; 2) ratified the appointment of PricewaterhouseCoopers LLP as its independent auditor for FY17; and 3) approved, on an advisory basis, the Company's executive compensation. The complimentary research report on DY can be downloaded at:

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Tutor Perini  

Shares in Sylmar, California headquartered Tutor Perini Corp. closed the day 1.23% lower at $28.00. The stock recorded a trading volume of 370,868 shares. The Company's shares have gained 7.28% in the last month, 30.41% over the previous three months, and 67.26% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.18% and 27.51%, respectively. Moreover, shares of Tutor Perini, which provides diversified general contracting, construction management and design-build services to private customers and public agencies worldwide, have an RSI of 57.90.

On December 22^nd, 2016, Tutor Perini announced that its Guam-based subsidiary, Black Construction Corp., has been awarded a contract valued at approximately $97 million by the Antonio B. Won Pat International Airport Authority for the Terminal Building Structural Upgrade and Concourse Isolation Construction. Construction is expected to begin in March 2017 and substantial completion is anticipated in August 2019.

On December 28^th, 2016, research firm MKM Partners reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $31 a share to $34 a share. Register for free on Stock-Callers.com and get access to the latest PDF format report on TPC at:

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MasTec  

Coral Gables, Florida headquartered MasTec Inc.'s shares recorded a trading volume of 391,513 shares last Friday. The stock closed 0.39% lower at $38.25. The Company's shares have advanced 0.79% in the past month, 28.61% in the previous three months, and 120.08% on an YTD basis. The stock is trading 9.55% above its 50-day moving average and 39.72% above its 200-day moving average. Additionally, shares of MasTec, which provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure in the US and internationally, have an RSI of 56.65.

On November 03^rd, 2016, MasTec reported that Q3 2016 revenue increased 43% organically to $1.59 billion compared to $1.11 billion in Q3 2015. The Company's GAAP net income was $56.5 million, or $0.69 per diluted share, compared to a net income of $7.4 million, or $0.09 per diluted share, in Q3 2015. MasTec's Q3 2016 adjusted EBITDA increased 81% on a y-o-y basis to approximately $165 million. Download your free research report on MTZ at:

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