15 Small-Cap Construction and Materials Stocks Hedge Funds Are Buying

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11. Aecom (NYSE:ACM)

Market Capitalization as of April 28: $12.87 billion

Number of Hedge Fund Holders: 31

Aecom (NYSE:ACM) provides professional infrastructure consulting services for governments, businesses, and organizations worldwide. It offers advisory, planning, consulting, architectural & engineering design, construction & program management, and investment & development services. It serves transportation, water, facilities, environmental, and energy sectors.

The company’s Americas Design segment experienced a 9% increase in Net Service Revenue during Q1 2025. This was driven by the transportation project acquisitions in the US and Canada, as well as contributions from the Water, Environment, and Facilities divisions. The segment is capitalizing on the Infrastructure Investment and Jobs Act (IIJA) funding, with less than 35% currently deployed.

Aecom achieved a 100% win rate in its largest and most strategic pursuits in Q1. It’s expanding its addressable markets through high-margin advisory services by using its existing engineering strengths. Notably, Aecom (NYSE:ACM) is developing the Water and Environment Advisory business to 2x its current $200 million annual NSR within 3 years. This initiative, like the Program Management business, which tripled in 4 years, uses the company’s technical expertise to meet growing client demand.

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