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5 Construction Stocks Leading Sector Rally

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Foster Wheeler (FWLT) is a Switzerland-based global engineering, construction, and project management contractor and power equipment supplier with a $4.9 billion market value.

Standard & Poor's, which has the shares rated "hold," says "our 'hold' opinion is based mainly on our view of still-challenging global markets, which should continue to affect the timing of new orders booked in both (business) segments, as well as our valuation metrics, which indicate that the shares are fairly valued. However, new awards should benefit long-term growth."

For fiscal 2010, analysts estimate that the company will earn $1.89 per share and that that will grow 11% to $2.09 in fiscal 2011.

S&P's poll of analysts' opinions found six "buy" ratings, seven "buy/hold" and four "hold" ratings.

Foster Wheeler's shares have risen 15% this year and 44% over the past year.

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SYM TRADE IT LAST %CHG
FWLT $27.52 -3.06%
ACM $32.63 0.00%
FLR $59.76 0.00%
JEC $47.39 0.00%
KBR $15.60 0.00%

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