KBR, Inc. ( KBR Quick Quote KBR - Free Report) has nabbed an ammonia technology contract for a carbon-neutral fertilizer project in Australia. Shares of KBR gained 2% during the trading session on Apr 7 and 1.8% in after-market trading hours. Per the latest contract from DL E&C for NeuRizer (formerly Leigh Creek Energy Ltd.), KBR’s scope of work includes technology licensing and engineering for the 1,600 MTPD ammonia plant based on KBR's highly efficient Purifier process. Pertaining to the last award, Doug Kelly, KBR president, Technology, said, “This project reaffirms our commitment to continuing to explore novel ways to help our clients meet their business and sustainability targets." KBR, being a global leader in ammonia technology, has been leading innovation in the ammonia market for decades. The demand for the company’s technologies across ammonia for food productions, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been going strong. Overall, the determination to lower emissions, product diversification, energy efficiency, and more sustainable technologies and solutions have been driving KBR’s performance. KBR’s solid backlog level of $14.97 billion (as of Dec 31, 2021) highlights its underlying strength. This was backed by a solid contract-winning spree, strong project execution, and impressive performance of its government and technology businesses. Share Price Performance Image Source: Zacks Investment Research
KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses. KBR’s shares have gained 15.5% year to date, outperforming the Zacks
Engineering - R and D Services industry’s 3.2% rise. Zacks Rank & Key Picks
Currently, KBR carries a Zacks Rank #3 (Hold). You can see
. the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here Better-Ranked Stocks From the Broader Construction Sector AECOM ( ACM Quick Quote ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider delivering professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well. Over the past 60 days, AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.30. The projected figure indicates a 20.6% year-over-year rise. D.R. Horton, Inc. ( DHI Quick Quote DHI - Free Report) — a Zacks Rank #2 company — is a Texas-based prime homebuilder. The company continues to gain from industry-leading market share, a solid acquisition strategy, a well-stocked supply of land, lots, and homes along with affordable product offerings across multiple brands. The consensus mark for DHI’s earnings for fiscal 2022 has increased to $15.88 from $15.80 per share over the past 30 days. The projected figure indicates a 39.2% year-over-year rise. Lennar Corporation ( LEN Quick Quote LEN - Free Report) — a Zacks Rank #2 company — is a well-known homebuilder. The company is benefiting from effective cost control and focus on making its homebuilding platform more efficient, leading to higher operating leverage. The consensus mark for LEN’s earnings for fiscal 2022 has increased to $16.43 from $15.82 per share over the past 30 days. Lennar’s earnings for fiscal 2022 are expected to rise 15.1% year over year.