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Stock Market & Financial Investment News

News Breaks
December 21, 2012
07:18 EDTURS, ACM, FLR, GVA, JECTransportation bill improves engineering, construction stocks, Bloomberg reports
Shares of companies such as Granite Construction (GVA) and Aecom Technology (ACM) have outperformed the broader market since June as a $105 transportation bill is boosting the industry, reports Bloomberg.Reference Link
News For GVA;ACM;JEC;FLR;URS From The Last 14 Days
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March 3, 2015
07:48 EDTJECJacobs Engineering announces $300M in total contracts over past six months
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February 27, 2015
08:03 EDTGVAGranite Construction reports Q4 EPS 43c, may not compare to consensus 70c
Reports Q4 revenue $589.8M, may not compare to consensus $713.96M. The company says, "Granite is positioned well to execute on our more than $2.7 billion of backlog, with several additional awards pending for the first quarter. In 2014, our margins improved in all segments of our business. We expect to grow revenue steadily in the current environment, and we are confident that additional margin improvement in 2015 will be aligned to continued efficiency gains."
February 25, 2015
16:28 EDTFLRFluor wins natural gas development contract in Brazil
Fluor's CFPS Engenharia e Projetos, S.A., consortium with Construcap Engenharia e Comércio was awarded an engineering and design contract by exploration and production company Parnaíba Gás Natural for a natural gas field development project in the Parnaiba Basin in Maranhão state in Brazil. Fluor booked its share of the contract for an undisclosed value in Q1.
February 24, 2015
07:46 EDTJECJacobs Engineering awarded contract from Bristol-Myers
Jacobs Engineering Group (JEC) announced that it received a contract from Bristol-Myers Squibb Company (BMY) to provide architectural and engineering services for a new large-scale biologics manufacturing facility in Cruiserath, County Dublin, Ireland. The facility is being designed to produce multiple therapies for the company’s robust and growing portfolio of approved and investigational biologic medicines, and to increase Bristol-Myers Squibb’s biologics manufacturing capacity. The new facility is expected to include multiple large scale bioreactors, a purification area, as well as office and laboratory space. Bristol-Myers Squibb’s Board of Directors has approved initial funding that will support the first phase of the project, with the full cost of the facility expected to be finalized in the second half of 2015. The facility is estimated to be operational in 2019.
07:25 EDTJECRW Baird to hold a conference
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February 20, 2015
10:01 EDTGVAOn The Fly: Analyst Downgrade Summary
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05:42 EDTGVAGranite Construction downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Granite Construction to Neutral saying increased competition could slow the company's margin growth. Goldman cut its price target for shares to $42 from $47.
February 19, 2015
09:31 EDTFLRFluor reported 'impressive' results, says Sterne Agee
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February 18, 2015
15:35 EDTFLRNotable companies reporting after market close
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07:32 EDTFLRFluor expands FY15 EPS view to $4.40-$5.00, consensus $4.62
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07:31 EDTFLRFluor reports Q4 continuing ops EPS $1.41, consensus $1.10
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07:07 EDTJECBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
08:21 EDTFLRFluor price target lowered to $74 from $83 at UBS
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07:49 EDTJECJacobs selected as executive architect for new Wynn Resorts development
Jacobs Engineering Group has been selected as Executive Architect and Engineer for the new Wynn Resorts development in Everett, Mass. Company officials did not disclose the contract value. Under the terms of the contract, Jacobs is leading a local team of architects and engineers assembled to take on the technically complex assignment of converting a former industrial site on the Everett waterfront to a $1.6B luxury resort that is being designed to echo grand hotels of the past. Construction is expected to begin by late summer of 2015 with a grand opening targeted for first quarter 2018.

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