Three Construction Stocks Positioned to Capitalize on Infrastructure Boom

The infrastructure boom sweeping across America is creating unprecedented opportunities for construction stocks, and three companies stand out as particularly well-positioned to capitalize on this wave. EMCOR Group, MasTec, and Dycom Industries have emerged as industry leaders, backed by strong fundamentals, robust backlogs, and exposure to transformative mega-trends that will shape the economy for years to come.

Why These Three Are Leading the Charge

These three construction stocks share common strengths: diversified service portfolios, deep technical expertise, and proven execution capabilities across high-growth sectors. All three have demonstrated consistent ability to surpass analyst expectations, with average earnings surprises exceeding 16%, and all currently carry Zacks Rank #2 (Buy) ratings. Their market positions have been reinforced by their exposure to the industries reshaping America’s infrastructure landscape.

Infrastructure, Data Centers, and 5G: The Triple Catalyst

The growth drivers for these construction stocks are formidable and durable. The U.S. administration’s comprehensive infrastructure initiative is channeling massive investments into transportation networks, broadband expansion, and clean energy systems. Simultaneously, the explosive expansion of data center development is creating demand for sophisticated civil, electrical, and mechanical infrastructure that only specialized firms can deliver.

The telecommunications sector adds a third powerful catalyst. As major telecom providers accelerate 5G deployment and fiber-optic buildouts, demand for skilled infrastructure construction has surged. State and federal programs are committing over $90 billion specifically to broadband expansion, while private hyperscaler spending continues to accelerate. These long-term, high-visibility projects provide construction stocks with predictable revenue streams and improved profit margins.

Financial Strength Across the Board

From a valuation perspective, the Zacks Building Products - Heavy Construction industry trades at a forward P/E ratio of 23.47, comparable to the S&P 500 and slightly above its five-year median of 16.38X. This valuation appears reasonable given the industry’s exceptional growth trajectory. The group has outperformed the broader construction sector by over 48 percentage points during the past year and has substantially outpaced market indices.

Industry earnings estimates have climbed steadily, with 2025 projections increasing to $6.52 per share from $5.90, reflecting growing analyst confidence in the sector’s prospects. The three featured construction stocks all demonstrate even more compelling individual growth profiles.

EMCOR: Market Leadership Through Execution

Based in Norwalk, Connecticut, EMCOR has established itself as a premier provider of electrical, mechanical, and facilities services across North America and the U.K. The company’s competitive advantages lie in its record backlog, disciplined project execution, and strategic acquisitions like Miller Electric that expand its technical capabilities.

EMCOR has gained 54.9% over the past year, with 2025 earnings estimates revised upward to $25.19 per share. The company is expected to deliver 17.1% earnings growth year-over-year, driven by strong demand from infrastructure, healthcare, and data center projects. Its consistent track record of beating earnings estimates—with an average surprise of 16.8% across the last four quarters—underscores management’s execution excellence and conservative guidance practices.

MasTec: Riding the Broadband and AI Wave

Headquartered in Coral Gables, Florida, MasTec has positioned itself at the intersection of multiple high-growth trends. The company’s diverse operations span communications, clean energy infrastructure, power delivery networks, and pipeline construction throughout North America. What distinguishes MasTec among construction stocks is its exceptional exposure to emerging opportunities: nationwide fiber deployment, data center buildouts driven by AI infrastructure needs, and renewable energy expansion supported by extended federal tax incentives through 2027.

The company’s backlog has expanded 23% year-over-year, signaling robust future revenue visibility. MasTec has posted 69.4% returns over the past twelve months, and 2025 earnings are projected to surge 60% from 2024 levels—extraordinary growth for a company of its scale. Communications revenue has reached record levels due to accelerating fiber deployment, while renewable and power delivery segments provide earnings stability and margin expansion. MasTec carries an impressive VGM Score of A, indicating the stock’s value at current levels.

Dycom: Telecom Infrastructure Specialist

Operating from Palm Beach Gardens, Florida, Dycom Industries focuses on specialty contracting within the telecommunications sector. As a key infrastructure partner for leading telecom providers, Dycom is capitalizing on multiyear investments in 5G networks and fiber-to-the-home deployments.

The company’s growth engines include surging demand for fiber installation, increased service and maintenance activity, and expanding work with major hyperscalers on AI-driven digital infrastructure projects. Over the past year, Dycom has returned 49% to shareholders. Fiscal 2026 earnings estimates have increased to $10.01 per share from $9.91 over the past 60 days, reflecting ongoing analyst confidence. The company’s streak of beating earnings estimates continues, with an average surprise of 22.4% across four consecutive quarters.

The Broader Opportunity

The Zacks Building Products - Heavy Construction industry ranks #32 among all Zacks-tracked sectors, placing it in the top 13% of over 250 industries. This positioning reflects stronger earnings outlooks for the sector’s constituent companies. While macroeconomic headwinds including inflation, tariff uncertainties, and labor constraints persist, they have not derailed the long-term growth narrative for construction stocks positioned in these structural growth areas.

For investors seeking exposure to America’s infrastructure transformation, these three construction stocks offer compelling combinations of growth potential, financial strength, and proven management execution.