Zacks Industry Outlook Highlights Granite Construction and Dycom Industries

For Immediate Release

Chicago, IL January 25, 2023 Today, Zacks Equity Research discusses Granite Construction Inc. GVA and Dycom Industries, Inc. DY.

Industry: Building Products - Heavy Construction

Link: https://www.zacks.com/commentary/2043152/2-stocks-to-buy-from-the-prosperous-heavy-construction-industry

Higher demand from end markets like communications, transmission and power as well as other infrastructural projects has been benefiting the Zacks Building Products - Heavy Construction industry. The U.S. administration's major infrastructure initiative to improve the nation's roads, bridges and broadband is adding to the bliss.

However, unprecedented supply-chain issues and project delays, a tight labor market as well as rising costs are taking a toll on the industry players. Yet, companies like Granite Construction Inc. and Dycom Industries, Inc. are set to benefit from solid market prospects despite the abovementioned headwinds.

Industry Description

The Zacks Building Products - Heavy Construction industry consists of mechanical and electrical construction, industrial and energy infrastructure as well as building service providers. This industry comprises heavy civil construction companies that specialize in the building and reconstruction of transportation projects, including highways, roads, bridges, airfields, ports and light rail. The companies serve commercial, industrial, utility and institutional clients.