Thursday, February 27, 2014

What Companies are Saying About Commercial Construction in 2014

With many companies in the commercial construction sector having already given their results and outlook this year, it's time to start looking at what they are saying about the industry. The investment thesis behind buying into the sector is that a recovery in housing usually precedes a pick-up in commercial construction. So what are the smaller companies focused on the sector like Lennox (NYSE: LII  ) and Watts Water (NYSE: WTS  ) are forecasting?  Also, what are large conglomerate saying about the industry?

Larger companies outlook
Blue chip industrials like United Technologies (NYSE: UTX  ) and Emerson Electric (NYSE: EMR  ) are interesting to look at in this regard, because their businesses cover a broad range of sectors in the economy. Therefore, their reporting of the commercial construction sector will be tempered by an overall view of the economy. 
 

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