Top 10 Construction Stocks Listed in ASX 2023

The Australian construction industry is expected to continue growing in the future, driven by population growth, urbanization, and infrastructure development. In this post, we will discuss the top 10 coal construction stocks in ASX and analyze each of them in depth.

List of Top Construction Stocks in ASX

Here is a list of some of the top construction stocks in the ASX based on their market capitalization and recent performance-

• CIMIC Group Limited (CIM)
• Lendlease Group (LLC)
• Downer EDI Limited (DOW)
• Adelaide Brighton Limited (ABC)
• Boral Limited (BLD)
• Fletcher Building Limited (FBU)
• CSR Limited (CSR)
• Brickworks Limited (BKW)
• GWA Group Limited (GWA)
• James Hardie Industries plc (JHX)

Fundamental and Technical Analysis

1. CIMIC Group Limited (CIM): CIMIC Group is a multinational construction company that provides engineering, construction, mining, and project management services. It operates in more than 20 countries and has a diversified business portfolio across various industries. CIMIC Group’s share price is listed on the ASX and has a market capitalization of approximately AUD 10.7 billion.
2. Lendlease Group (LLC): Lendlease is a multinational construction, property, and infrastructure company that operates in more than 40 countries. It provides services such as development, construction, asset management, and investment management. Lendlease’s share price is listed on the ASX and has a market capitalization of approximately AUD 9.6 billion.
3. Downer EDI Limited (DOW): Downer EDI is a leading Australian infrastructure and engineering company that provides services in the transportation, mining, utilities, and telecommunications sectors. Downer EDI’s share price is listed on the ASX and has a market capitalization of approximately AUD 4.4 billion as of 2023.
4. Adelaide Brighton Limited (ABC): Adelaide Brighton is an Australian construction materials company that produces and supplies cement, lime, concrete, aggregates, and other building materials. Adelaide Brighton’s share price is listed on the ASX and has a market capitalization of approximately AUD 2.2 billion.
5. Boral Limited (BLD): Boral is another Australian construction materials company that produces and supplies a range of products, including concrete, asphalt, cement, plasterboard, and timber. Boral’s share price is listed on the ASX and has a market capitalization of approximately AUD 5.1 billion
6. Fletcher Building Limited (FBU): Fletcher Building is a New Zealand-based construction company that operates in both Australia and New Zealand. It provides services such as building materials, construction, and residential and commercial property development. Fletcher Building’s share price is listed on the ASX and has a market capitalization of approximately NZD 4.8 billion.
7. CSR Limited (CSR): CSR is an Australian building materials company that produces and supplies a range of products, including plasterboard, insulation, bricks, and roofing. CSR’s share price is listed on the ASX and has a market capitalization of approximately AUD 2.9 billion.
8. Brickworks Limited (BKW): Brickworks is another Australian building materials company that produces and supplies a range of products, including bricks, pavers, roofing, and precast panels. Brickworks’ share price is listed on the ASX and has a market capitalization of approximately AUD 3.5 billion.
9. GWA Group Limited (GWA): GWA Group is an Australian company that designs and manufactures bathroom and kitchen products, such as taps, showers, toilets, and baths. GWA Group’s share price is listed on the ASX and has a market capitalization of approximately AUD 1.1 billion.
10. James Hardie Industries plc (JHX): James Hardie is a global building materials company that produces and supplies products such as fiber cement siding, backerboard, and pipe products. While it is headquartered in Ireland, James Hardie’s shares are listed on the ASX and have a market capitalization of approximately AUD 16.8 billion.

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How is the Construction Segment in Australia? Will it Grow in Future?

The construction sector in Australia is an important industry that contributes significantly to the country’s economy. According to the Australian Bureau of Statistics, the construction industry is one of the largest industries in Australia, accounting for approximately 8% of the country’s GDP and employing around 1.2 million people.

The construction industry in Australia has faced some challenges in recent years, including a slowdown in infrastructure investment and a decline in residential construction activity. However, there are indications that the industry is starting to rebound. For example, the Australian government has announced a significant investment in infrastructure projects, which is expected to drive growth in the construction sector.

Furthermore, the Australian construction industry is expected to continue growing in the future, driven by population growth, urbanization, and ongoing infrastructure development. However, like any industry, the construction sector is subject to market and economic forces, which can impact growth prospects. Factors such as changes in government policies, interest rates, and global economic conditions can all influence the growth of the construction industry in Australia.

Also Read: Up Bank Vs UBank Australia – Which is Better?

Are ASX Construction stocks a good investment?

When considering whether ASX construction stocks are a good investment, it’s important to conduct proper research and analysis to understand the company’s financial health, competitive position, and growth prospects. Additionally, investors should consider their individual investment objectives, risk tolerance, and portfolio diversification strategy before making any investment decisions.

It’s also worth noting that the construction sector can be cyclical, meaning that it is subject to fluctuations in economic conditions, interest rates, and government policies. As a result, investors should be prepared to ride out short-term fluctuations and take a long-term perspective when investing in ASX construction stocks. Visit ThinkMoneyTrader for more financial bytes like this.

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