Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System reduced its position in shares of AECOM (NYSE:ACM – Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,398 shares of the construction company’s stock after selling 28,810 shares during the period. California Public Employees Retirement System owned about 0.20% of AECOM worth $21,748,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC lifted its stake in AECOM by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 29,634 shares of the construction company’s stock valued at $2,825,000 after acquiring an additional 113 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of AECOM by 12.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,089 shares of the construction company’s stock worth $104,000 after acquiring an additional 119 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of AECOM by 3.3% during the 4th quarter. HB Wealth Management LLC now owns 3,860 shares of the construction company’s stock worth $368,000 after acquiring an additional 125 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of AECOM by 4.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,128 shares of the construction company’s stock valued at $298,000 after purchasing an additional 129 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of AECOM by 86.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock valued at $27,000 after purchasing an additional 130 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets In other AECOM news, CFO Gaurav Kapoor purchased 1,420 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $71.12 per share, with a total value of $100,990.40. Following the completion of the transaction, the chief financial officer directly owned 88,053 shares in the company, valued at $6,262,329.36. This represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Lara Poloni acquired 4,224 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the purchase, the president directly owned 153,446 shares of the company’s stock, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 9,869 shares of company stock valued at $699,391 over the last 90 days. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth Several brokerages recently commented on ACM. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Truist Financial lowered their price target on shares of AECOM from $109.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. KeyCorp cut their price target on shares of AECOM from $115.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Barclays reduced their price objective on shares of AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut AECOM from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Read Our Latest Report on AECOM

AECOM Stock Performance NYSE ACM opened at $67.40 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $69.88 and its two-hundred day moving average price is $83.54. AECOM has a 1 year low of $66.28 and a 1 year high of $135.52. The firm has a market capitalization of $8.66 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.

AECOM (NYSE:ACM – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The construction company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $1.94 billion. AECOM had a net margin of 3.16% and a return on equity of 28.52%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. AECOM has set its FY 2026 guidance at 5.900-6.100 EPS. As a group, research analysts anticipate that AECOM will post 5.97 EPS for the current year.

AECOM Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. AECOM’s dividend payout ratio (DPR) is presently 32.38%.

About AECOM (Free Report)

AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.

AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.

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Key Takeaways Dycom raised fiscal 2027 guidance after a record backlog and strong demand for digital infrastructure.AECOM reported a record backlog & raised fiscal 2026 guidance, supported by transportation and water markets.DY earnings estimates moved higher, while ACM's fiscal 2026 estimate edged lower despite expected growth. The growing long-term public and private capital investment trends have been lucrative for infrastructure companies like Dycom Industries, Inc. (DY - Free Report) and AECOM (ACM - Free Report) . This favorable scenario is resulting in increased projects for telecommunications, transportation, environmental, energy and water businesses.

Dycom is a specialty contracting firm offering diverse services such as engineering, construction, maintenance and installation for the cable and telephone companies. Conversely, AECOM is a solutions provider offering professional, technical and management services across diverse industries and end markets.

Let’s closely compare the fundamentals of the two infrastructure stocks to determine which one is a better investment now.

The Case for Dycom StockDycom is benefiting from unprecedented investment in AI-driven digital infrastructure, creating a favorable long-term demand environment. Explosive growth in cloud computing, Artificial Intelligence workloads and hyperscale data centers is driving the need for fiber infrastructure, inside-the-fence connectivity, electrical systems and long-haul network deployments. These favorable trends translated into a record first-quarter fiscal 2027 backlog of $11.9 billion, up 46.5% year over year, with a robust 2.2x book-to-bill ratio, providing strong revenue visibility. Customers are also extending contract durations to secure DY’s skilled workforce for multi-year projects, strengthening backlog quality.

Following a record first quarter of fiscal 2027 that exceeded expectations, Dycom raised its fiscal 2027 outlook, now expecting total contract revenues between $7.38 billion and $7.65 billion (from $6.85-$7.15 billion). For the second quarter of fiscal 2027, management forecasts revenues of $1.94-$2.01 billion (up from $1.378 billion reported a year ago), adjusted EBITDA of $284-$303 million (up from $205.5 million reported a year ago) and adjusted EPS of $4.40-$4.82 (up from $3.33 reported a year ago).

Besides focusing on revenue growth, Dycom is also making meaningful profitability improvements through disciplined execution, operating leverage and a favorable project mix. First-quarter fiscal 2027 adjusted EBITDA margin expanded 141 basis points (bps) year over year to 13.4%, while the Communications segment (which contributed 98.3% to fiscal 2026 contract revenues) delivered a 31-bps margin expansion despite continued investments in workforce expansion and geographic growth. Moreover, DY’s balanced capital allocation strategy combines organic investments, strategic acquisitions and shareholder returns to strengthen its competitive position. The successful acquisition of Power Solutions has expanded Dycom's exposure to the rapidly growing data center electrical contracting market, while the pending acquisition of National Technology Integrators further extends its capabilities into structured cabling, security systems and end-to-end digital infrastructure.

Continued scaling of data center projects, productivity improvements, disciplined project selection, successful integration of acquisitions and expanding higher-value digital infrastructure work are expected to support ongoing earnings growth.

The Case for AECOM StockAECOM continues to benefit from multi-year public spending programs that support transportation, water, environment and facilities demand in its largest geographies besides the United States, including the United Kingdom, Canada, the UAE and Asia. Besides the funding under IIJA, the company is also leveraging incentives from the "One Big Beautiful Bill" and ongoing "resharing" initiatives, which are creating new opportunities with several years of visibility ahead. In the second quarter of fiscal 2026, total backlog increased 8% year over year to a record $26.2 billion, supported by a 1.2x design book-to-burn ratio and the 22nd consecutive quarter with book-to-burn above 1x.

ACM’s net service revenues (NSR) — defined as revenues excluding subcontractor and other direct costs — are benefiting from strength across core transportation, water, and environment markets. In the second quarter of fiscal 2026, NSR rose to $1.95 billion, with the Americas design business up 8% on a constant-currency basis, which management described as its most profitable area. For the long term, AECOM still aims to achieve 5-8% organic NSR growth annually, projecting a margin run-rate exceeding 20% by fiscal 2028.

Besides market tailwinds, AECOM’s emphasis on investments in proprietary AI and digital delivery capabilities is boding well, mainly for its profit structure. Over time, management expects advisory and program management to represent about half of the business, which supports its longer-term margin targets. Notably, in the second quarter of fiscal 2026, the company’s margin trajectory remained favorable, with segment adjusted operating margin increasing 50 basis points (bps) year over year to 16.5%, supported by operating efficiencies and mix. Management raised fiscal 2026 guidance again to adjusted EPS of $5.90-$6.10 (from $5.85-$6.05) and adjusted EBITDA of $1.275-$1.305 billion (from $1.27-$1.305 billion).

However, risks like tariffs, economic conditions, policy changes and currency movements tend to affect project timing, resulting in delays in awards and a less favorable mix of work. Moreover, AECOM operates with contract structures that require accurate estimating and execution discipline, and outcomes can be affected by claims, change orders or shifting project scopes. In the fiscal 2026 first half, contract assets included approximately $680 million of significant claims, up from about $400 million as of Sept. 30, 2025, which underscores that project-level resolution timing can influence working capital and reported cash flow.

Stock Performance & ValuationAs witnessed from the chart below, in the year-to-date period, Dycom’s share price performance has been above AECOM’s and the broader Construction sector.

Image Source: Zacks Investment Research

Considering valuation, over the last five years, Dycom has been trading above AECOM on a forward 12-month price-to-earnings (P/E) ratio basis.

Image Source: Zacks Investment Research

Overall, from these technical indicators, it can be deduced that DY stock offers an increasing growth trend but with a premium valuation, while ACM stock offers a declining growth trend with a discounted valuation.

Comparing EPS Estimate Trends: DY vs. ACMThe Zacks Consensus Estimate for DY’s fiscal 2026 and fiscal 2027 earnings has moved upward in the past 30 days. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 36.6% and 22%, respectively.

DY's EPS Trend

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ACM’s fiscal 2026 earnings has trickled down in the past 30 days, while the same for fiscal 2027 has remained unchanged over the past 60 days. However, the estimates for fiscal 2026 and fiscal 2027 imply year-over-year improvements of 13.5% and 13.3%, respectively.

ACM's EPS Trend

Image Source: Zacks Investment Research

Return on Equity (ROE) of DY & ACM StocksAECOM’s trailing 12-month ROE of 28.52% exceeds Dycom’s average, underscoring its efficiency in generating shareholder returns.

Image Source: Zacks Investment Research

Should You Invest in DY Stock or ACM Stock?Dycom is directly capitalizing on accelerating AI-driven digital infrastructure, fiber deployment and hyperscale data center construction, supported by a record $11.9 billion backlog, a robust 2.2x book-to-bill ratio and raised fiscal 2027 guidance. Although the stock trades at a premium, its superior operational momentum and stronger technical indicators justify the higher valuation.

On the other hand, AECOM remains a fundamentally sound infrastructure leader with record backlog, improving margins and broad exposure to transportation, water and environmental projects worldwide. However, downward earnings estimate revisions for fiscal 2026, execution risks tied to large contract claims and exposure to policy, tariff and currency uncertainties temper its near-term outlook.

While AECOM's higher ROE reflects efficient capital deployment, Dycom's stronger revenue visibility, accelerating earnings trajectory and favorable estimate revisions provide a clearer path for continued stock appreciation. Backed by a Zacks Rank #1 (Strong Buy) compared with ACM stock’s Zacks Rank #4 (Sell), DY stock stands out as the better stock to buy now for investors seeking superior growth potential and long-term upside. You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Takeaways AECOM was named the independent certifier for Stage 1 of Queensland's six-year The Wave rail project.AECOM will review designs, inspect construction and verify safety, quality and regulatory compliance.Australia backlog hit a multiyear high, supporting growth visibility for FY27 and beyond. AECOM (ACM - Free Report) , in partnership with Bureau Veritas, has been selected as the Independent Certifier for Stage 1 of The Wave, a major passenger rail project in Queensland, Australia. The six-year joint venture contract covers independent certification for the design and construction of a new dual-track rail corridor between Beerwah and Caloundra, including new and upgraded stations. Rather than participating in construction, AECOM will independently certify that the project's design and execution comply with stringent safety, operational, quality and regulatory standards.

Following the news, shares of ACM gained 0.6% during trading hours yesterday.

AECOM Expands Its Transportation Leadership in AustraliaUnder the engagement, the joint venture will independently review engineering designs, inspect construction activities and verify that key project milestones meet required safety, operational, quality and regulatory standards. The Wave is expected to strengthen connectivity across Southeast Queensland by linking the Sunshine Coast more closely with the broader passenger rail network, easing congestion, improving accessibility and supporting population growth. The project is also a key component of Queensland’s infrastructure program for the Brisbane 2032 Olympic and Paralympic Games.

AECOM said its selection reflects its established transportation expertise, experienced local teams and track record in independent assurance. The company has supported major Australian infrastructure programs, including the Melbourne Metro Tunnel, Sydney Metro Brownfields and the M1 Pacific Motorway extension to Raymond Terrace.

The award comes as AECOM continues to build momentum in Australia. Management said regional backlog reached a multiyear high in the second quarter, supported by transportation and defense wins. The expanding pipeline should improve growth visibility into fiscal 2027 and beyond as infrastructure investment continues across the country.

Record Backlog Continues to Support ACM's Long-Term GrowthAECOM continues to benefit from robust demand across transportation, water, energy, environmental services, defense and high-tech infrastructure. Management highlighted record investment opportunities tied to hyperscale data centers, power generation and transmission while noting that its defense pipeline has expanded roughly 50% year over year.

The company ended the second quarter of fiscal 2026 with a record backlog of $26.2 billion, up 8% year over year, supported by a design book-to-burn ratio of 1.2x. The design pipeline also reached a record level, reflecting strong funding across key infrastructure markets and continued project wins.

Supported by its record backlog, expanding pipeline and strong execution, management raised fiscal 2026 earnings guidance for the second consecutive quarter and now expects adjusted EPS and adjusted EBITDA to increase 14% and 7%, respectively, at the midpoint of the updated guidance ranges.

AECOM stock has declined 28% in the year-to-date period, significantly underperforming the Zacks Engineering - R and D Services industry’s 28.5% growth. Near-term performance could remain affected by geopolitical uncertainty in the Middle East and the timing of project awards and execution.

Image Source: Zacks Investment Research

Nevertheless, AECOM's long-term investment case remains supported by a record backlog, expanding transportation opportunities, growing exposure to defense and AI infrastructure, and sustained demand across its core end markets. Continued success in securing large, technically complex infrastructure programs should provide solid revenue visibility and support long-term earnings growth.

ACM’s Zacks Rank & Key PicksAECOM currently carries a Zacks Rank #4 (Sell).

Here are some better-ranked stocks from the Construction sector:

Argan, Inc. (AGX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 40.5%, on average. AGX stock has surged 91.4% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Argan’s 2026 sales and EPS indicates growth of 38% and 29.4%, respectively, from the prior-year levels.

Sterling Infrastructure, Inc. (STRL - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 29.1%, on average. STRL stock has jumped 115.5% year to date.

The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 75.7%, respectively, from the prior-year levels.

Everus Construction Group (ECG - Free Report) presently has a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 62%, on average. ECG stock has climbed 55.8% year to date.

The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 17% and 11.1%, respectively, from the year-ago period’s levels.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been selected as Independent Certifier for the design and construction of The Wave – Stage 1, with joint venture partner Bureau Veritas. As Queensland’s next major rail project, The Wave will enhance regional connectivity, reduce road congestion, improve accessibility, and support population growth as part of the 2032 Delivery Plan for the Brisbane 2032 Olympic and Paralympic Games.

For the next six years, the joint venture will certify the design and construction of a new dual-track rail line from Beerwah to Caloundra that includes new and upgraded stations along the line. Through this work, the joint venture will ensure the project meets its safety, operational and regulatory objectives.

"The Wave represents a transformative step forward for South East Queensland, connecting the eastern communities of the Sunshine Coast to the passenger rail network and making travel simpler for thousands of residents across the region,” said Mark McManamny, chief executive of AECOM’s Australia and New Zealand region. “As Independent Certifier, we are focused on giving the Queensland Government, communities and future users confidence that the project meets the standards expected of infrastructure that will serve the region for generations.”

AECOM brings deep, multidisciplinary expertise across rail, transport and major infrastructure, with a proven track record of delivering Independent Assurance on some of Australia's most complex and high-profile projects, including Melbourne Metro Tunnel, Sydney Metro Brownfields and the M1 Pacific Motorway extension to Raymond Terrace.

“We continue to win premier roles on a robust pipeline of major transportation opportunities in Australia,” said Russell Jackson, interim chief executive of AECOM’s global Transportation business. “Our advantage is the result of decades-long investment in trusted, local teams backed by the technical knowledge of the #1 Transportation design firm in the world, as ranked by Engineering-News Record. We’re proud to support Australia’s federal, state and local governments as they continue to prioritize transportation modernization and capacity upgrades, particularly ahead of the Brisbane 2032 Olympic and Paralympic Games.”

The Wave is a key component of the Queensland Government’s 2032 Delivery Plan and infrastructure program for the Games. Beyond the Games, the project is expected to strengthen regional connectivity across the Sunshine Coast, improving access to employment hubs, social infrastructure and tourist destinations throughout the region.

About AECOM

AECOM (NYSE:ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams’ partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2025. Learn more at aecom.com.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; government shutdowns; changes in administration or other funding directives and circumstances that cause governmental agencies to modify, curtail or terminate our contracts; government contracts are subject to audits and adjustments of contractual terms; long-term government contracts are subject to uncertainties related to government contract appropriations; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; our capital allocation strategy, including our ability to continue payment of dividends and purchase stock; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and any future proceeds owed to us as part of the transactions could be lower than we expect; risks associated with our strategic initiatives, including AI investments and potential acquisitions and divestitures; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been appointed by Murphy as its design partner to deliver Thames Water's major upgrade of the Oxford Sewage Treatment Works in the UK. With AECOM appointed as the contractor's exclusive design partner for multidisciplinary design services, the upgrade will increase treatment capacity by approximately 40% while supporting population growth and protect the environment by further impro.

Key Takeaways ACM secured eight lots on Scotland Excel's four-year engineering consultancy framework.AECOM will provide transportation, water, environmental, project and commercial management services.ACM's award expands its U.K. framework portfolio alongside recent major infrastructure appointments. AECOM (ACM - Free Report) has secured eight lots on Scotland Excel's Engineering and Technical Consultancy Framework, expanding its role in providing engineering and technical consultancy services to Scotland's local government sector.

The four-year framework offers a collaborative procurement route for 32 Scottish councils and associate members seeking design and construction consultancy expertise. Under the appointment, AECOM will deliver transportation, water, environmental design, project management and commercial management services. The latest award represents a broader role in the second-generation framework and reflects an expansion in the company's service coverage.

AECOM Adds to Growing U.K. Framework PortfolioThe expanded appointment allows AECOM to support local authorities across a wider range of engineering and technical consultancy requirements through its local teams backed by integrated expertise across the United Kingdom. The broader scope of awarded lots positions the company to participate in projects spanning multiple infrastructure and development priorities over the framework's four-year term.

The award also adds to AECOM's growing portfolio of framework appointments in the United Kingdom. Recent selections, including the preferred bidder role for Scottish Water's Enterprise Alliance and expanded positions on the country's AMP8 water framework, indicate continued opportunities for the company to participate in large-scale engineering and consultancy programs across the region.

AECOM's Expanding Pipeline Supports Long-Term VisibilityAECOM continues to build long-term revenue visibility through a combination of record backlog, a growing pipeline and sustained demand across several infrastructure markets. The company is seeing favorable opportunities in transportation, water, energy, defense, data centers and power infrastructure, while strong funding levels and consistent win rates continue to support future project activity.

In the second quarter of fiscal 2026, backlog increased 8% year over year to a record $26.2 billion, supported by a design book-to-burn ratio of 1.2x. The company also continued to build its pipeline across both the Americas and International markets, providing greater visibility into future project activity. Supported by record backlog, a growing pipeline and favorable funding trends, AECOM raised its full-year fiscal 2026 guidance for the second time this year and expects adjusted EPS and adjusted EBITDA to increase 14% and 7%, respectively, at the midpoint of the updated outlook.

ACM’s Price PerformanceAECOM stock has declined 28.1% in the year-to-date period, significantly underperforming the Zacks Engineering - R and D Services industry’s 38.9% growth. The near-term outlook remains challenged by macroeconomic uncertainty, inflationary pressures and temporary disruptions related to the prolonged U.S. federal government shutdown.

Image Source: Zacks Investment Research

However, ACM’s long-term growth outlook remains compelling, supported by strong demand across its core end markets, including transportation, water, environmental services, energy and advanced facilities.

ACM’s Zacks Rank & Key PicksAECOM currently carries a Zacks Rank #3 (Hold).

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JACOBS SOLUTNS (J - Free Report) carries a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 4%, on average. J stock has declined 6.6% year to date. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

The Zacks Consensus Estimate for JACOBS fiscal 2026 sales and earnings per share (EPS) indicates growth of 17.6% and 18.1%, respectively, from the prior-year levels.
 
Sterling Infrastructure, Inc. (STRL - Free Report) sports a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 32.5%, on average. STRL stock has jumped 170.3% year to date.

The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 78.8%, respectively, from the prior-year levels.

Quanta Services, Inc. (PWR - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 10.2%, on average. PWR stock has climbed 69.1% year to date.

The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 22.1% and 30.7%, respectively, from the prior-year levels.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AECOM ("AECOM" or the "Company") (NYSE: ACM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million. In the accompanying earnings call, the Company's Chief Financial Officer, Gaurav Kapoor, revealed that "longer-than-anticipated claim resolution on certain projects" among other things, impacted the quarter. Kapoor further stated these were "projects we bid in fiscal year 2019 and 2020, two projects" for two clients, and that "individual claims for these two clients have gone through the resolution process. And we've been successful on each one of them. But it's just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken." Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025. 

Following these disclosures, AECOM's stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

New York, June 22, 2026 (GLOBE NEWSWIRE) -- Diamond Equity Research LLC, an equity research firm with a focus on small capitalization public companies has initiated coverage of Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0). The research summary below is from a report commissioned by Allied Critical Metals Inc. and produced by Diamond Equity Research. The in-depth 40-page initiation report includes detailed information on Allied Critical Metal’s business model, services, industry overview, financials, management profile, and risks.

The full research report is available below.

Allied Critical Metals Initiation of Coverage

Highlights from the report include:

Strategic Exposure to a Structurally Tight and Geopolitically Critical Tungsten Market: Allied Critical Metals provides direct exposure to tungsten, a strategically important critical mineral increasingly essential across defense, semiconductors, aerospace, industrial tooling, energy infrastructure, and next-generation technologies. With China controlling approximately 79% of global tungsten supply and Western governments implementing restrictions on Chinese tungsten sourcing, non-Chinese supply sources are becoming increasingly valuable. The company’s Portugal-based tungsten portfolio positions ACM as a potential strategic supplier into emerging Western critical mineral supply chains amid tightening global supply conditions and rising geopolitical focus on resource security.Strategic Positioning Within European Critical Raw Materials Policy: ACM's Portuguese tungsten assets are uniquely positioned within the European Union's drive to secure domestic supplies of critical and strategic raw materials under the Critical Raw Materials Act (CRMA). Portugal is currently the European Union's largest producer of tungsten concentrate and is widely recognized as one of the few jurisdictions capable of materially increasing domestic tungsten production in the coming years. Borralha and Vila Verde therefore represent potential strategic contributors to European industrial resilience, defence supply chains and long-term resource security. This positioning has been formally recognized by idD Portugal Defence, the Portuguese public entity overseeing the nation's Defence Industry, which issued ACM a Letter of Recognition endorsing the Borralha Project as a strategic initiative of national importance and acknowledging the Company's leadership role in re-establishing tungsten production in Portugal.                                                         Borralha Represents a Large-Scale, PEA-Stage Tungsten Development Asset with Strong Economic Basis: The Borralha Tungsten Project provides ACM with a defined resource-backed development platform supported by an updated 2025 Mineral Resource Estimate of 13.0 Mt Measured & Indicated grading 0.21% WO₃ and 7.7 Mt Inferred grading 0.18% WO₃. The April 2026 PEA demonstrated robust economics across multiple pricing scenarios, including an after-tax NPV(8%) of approximately C$473 million and an IRR of 48.8% under the medium-case tungsten price assumption. Importantly, the PEA was completed using tungsten price assumptions materially below prevailing market prices. The study’s medium-case scenario was based on approximately US$1,000/mtu WO₃, while the high-case scenario used US$1,500/mtu WO₃, both of which remain substantially below recent spot prices that have exceeded US$3,000/mtu during 2026. Favourable Permitting Positioning: Borralha is one of the most advanced undeveloped tungsten projects in Europe from a permitting perspective. The Project has received a favourable Environmental Impact Declaration (DIA) from the Portuguese environmental authorities, significantly reducing permitting risk and positioning the Project to advance toward the next stages of engineering, environmental compliance and feasibility development. Santa Helena Breccia Supports Scalable Underground Mining Optionality Beyond Traditional Narrow Vein Tungsten Deposits: Borralha’s Santa Helena Breccia system materially differentiates the project from many conventional narrow-vein tungsten operations. The breccia system demonstrates widths of up to 200 meters, strike length exceeding 600 meters, and remains open at depth, supporting potential scalability through bulk underground mining methods. Wide mineralized intercepts together with localized high-grade zones support operational flexibility and potentially improved mining efficiency relative to traditional vein-restricted tungsten deposits.   Strengthened Liquidity Position Significantly Improves Near- to Medium-Term Execution Visibility: The company materially strengthened its financial position through a recently announced approximately US$40 million strategic financing and offtake package, including US$15 million of project financing for Vila Verde and a tungsten concentrate offtake agreement. ACM indicated available liquidity exceeding approximately C$45 million, providing improved funding visibility for pilot plant construction, ongoing drilling programs, metallurgical optimization, and future prefeasibility-related work. The improved balance sheet reduces near-term financing pressure and allows the company to transition from a purely exploration-focused issuer toward a project execution and development story. The financing package also represents a significant third-party validation of the quality of ACM's asset portfolio and development strategy, supporting the Company's transition from exploration and resource delineation toward project development and execution.  Portfolio Approach Provides Multiple Development Pathways: ACM benefits from a dual-asset strategy through the Borralha and Vila Verde Projects. While Borralha represents a large-scale, long-life development asset with significant resource expansion potential, Vila Verde provides a potentially lower-capital pathway toward near-term production through the planned pilot plant and processing operations. Together, the projects provide operational flexibility, diversified development timelines and multiple opportunities for value creation.Valuation: Allied Critical Metals has been valued primarily using a DCF-based NAV methodology, to which we assign a 75% weighting, complemented by a 25% weighting to a comparable company analysis. The DCF framework applies an 8.0% discount rate and assumes no terminal value. The valuation incorporates separate project-level forecasts for Borralha and Vila Verde, with Borralha treated as the company’s core long-term development asset and Vila Verde modeled as a near-term pilot plant opportunity. For Borralha, we model the 13.0 Mt M&I resource as the core operating base over an 11-year mine life, while the 7.7 Mt inferred resource is treated as a separate, lower-confidence mine-line extension optionality. For Vila Verde, we model a near-term pilot plant case with an initial throughput of 150,000 tpa over 5 years. In addition, we have incorporated a comparable company analysis, using EV/contained WO3 as the relevant market-based valuation metric for publicly listed tungsten-focused peers. On a blended basis, this approach results in an illustrative equity value of C$629.04 million, or C$3.50 per share, contingent on successful execution by the company. About Allied Critical Metals Inc.

Allied Critical Metals Inc. is a Canadian-based critical minerals development company focused on becoming a leading European supplier of tungsten and associated critical metals. Through its 100%-owned Borralha and Vila Verde Projects in northern Portugal, ACM is advancing a portfolio of strategically significant assets positioned to support European and North American supply chain security, defence requirements, energy transition technologies and advanced manufacturing industries.The Borralha Project is one of the largest undeveloped tungsten resources within the European Union and benefits from a favourable Environmental Impact Declaration (DIA), positioning the Project for advancement toward feasibility and development. Vila Verde represents additional exploration upside within the same strategic jurisdiction. Tungsten has been designated a critical raw material by the United States and the European Union due to its strategic importance in defense, aerospace, manufacturing, automotive, electronics and energy applications. Currently, China, Russia and North Korea account for approximately 87% of global tungsten supply and reserves, highlighting the importance of secure western sources. 

Further details regarding the Borralha Project are available in the Company's NI 43-101 Preliminary Economic Assessment Technical Report dated April 14, 2026, filed on SEDAR+ at www.sedarplus.ca and on the Company's website at www.alliedcritical.com. 

About Diamond Equity Research

Diamond Equity Research is an equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

For more information, visit https://www.diamondequityresearch.com.

Disclosures:

 Diamond Equity Research LLC is being compensated by Allied Critical Metals, Inc. for producing research materials regarding Allied Critical Metals, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Allied Critical Metals, Inc. has paid us $50,000 for our company sponsored research services, which commenced 04/30/2026 and is billed annually, which could present a conflict of interest. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Allied Critical Metals, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Diamond Equity Research LLC for a distinct engagement and not for this specific report is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the reports reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Almonty Industries, Inc. has paid us $100,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually upfront for $50,000. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Almonty Industries, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Almonty Industries Inc.’s payments are disclosed as security mentioned in this report; however, they have not paid for this specific report. Additional research cash compensation may be received in future years if issuer engagements are renewed. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences.Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment.This report is based on information we consider reliable, including the subject of the report.This report does not explicitly or implicitly affirm that the information contained in this document is accurate and/or comprehensive, and as such should not be relied on in such capacity. All information contained within this report is subject to change without any formal or other notice provided.  Investors need to be aware of the high degree of risk in small capitalization equities including the complete potential loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Allied Critical Metals Inc., which may not be comprehensive. Please review initiation report attached for full report disclosures.

Allied Critical Metals Initiation of Coverage

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AECOM (“AECOM” or the “Company”) (NYSE: ACM).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million.  In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed that “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter.  Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process.  And we’ve been successful on each one of them.  But it’s just been very slow and dragged out on the resolution process.  That is what has surprised us as to how long the process has taken.”  Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025. 

Following these disclosures, AECOM’s stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AECOM ("AECOM" or the "Company") (NYSE: ACM).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million.  In the accompanying earnings call, the Company's Chief Financial Officer, Gaurav Kapoor, revealed that "longer-than-anticipated claim resolution on certain projects" among other things, impacted the quarter.  Kapoor further stated these were "projects we bid in fiscal year 2019 and 2020, two projects" for two clients, and that "individual claims for these two clients have gone through the resolution process.  And we've been successful on each one of them.  But it's just been very slow and dragged out on the resolution process.  That is what has surprised us as to how long the process has taken."  Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025. 

Following these disclosures, AECOM's stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AECOM (“AECOM” or the “Company”) (NYSE: ACM).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether AECOM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million.  In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed that “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter.  Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process.  And we’ve been successful on each one of them.  But it’s just been very slow and dragged out on the resolution process.  That is what has surprised us as to how long the process has taken.”  Then, on May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025. 

Following these disclosures, AECOM’s stock price fell $9.55 per share, or 12%, to close at $69.95 per share on May 12, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against AECOM (“AECOM” or the “Company”) (NYSE:ACM). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.[LEARN MORE ABOUT THE INVESTIGATION]What Happened?On May 11, 2026, AECOM reported its second quarter fiscal 2026 results. The Company reported operating cash flow of approxi.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of AECOM (“AECOM” or the “Company”) (NYSE: ACM) on behalf of investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON AECOM (ACM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, t.

BENSALEM, Penn.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of AECOM (“AECOM” or the “Company”) (NYSE: ACM) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AECOM (ACM), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithl.

Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of AECOM (“AECOM” or the “Company”) (NYSE: ACM) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON AECOM (ACM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On May 11, 2026, AECOM announced its second quarter fiscal 2026 results, including, in relevant part, that quarterly operating cash flow was $4 million, down 98% year over year, and adjusted free cash flow which swung to negative $27 million.

In the accompanying earnings call, the Company’s Chief Financial Officer, Gaurav Kapoor, revealed “longer-than-anticipated claim resolution on certain projects” among other things, impacted the quarter. Kapoor further stated these were “projects we bid in fiscal year 2019 and 2020, two projects” for two clients, and that “individual claims for these two clients have gone through the resolution process. And we've been successful on each one of them. But it's just been very slow and dragged out on the resolution process. That is what has surprised us as to how long the process has taken.”

On this news, AECOM’s stock price fell $9.55, or 12%, to close at $69.95 per share on May 12, 2026, thereby injuring investors.

On May 12, 2026, AECOM filed its quarterly report on Form 10-Q, which showed that significant claims recorded in contract assets and other non-current assets were approximately $680 million as of March 31, 2026, compared with approximately $400 million as of September 30, 2025.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice

Persons with non-public information regarding AECOM should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About Glancy Prongay Wolke & Rotter LLP

GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527509210/en/

Heavy electrochemical plating growth drives shares of semiconductor supplier ACM Research, Inc. (ACMR) higher.

ACMR develops, manufactures, and sells semiconductor processing equipment for cleaning, electrochemical plating, stress-free polishing, vertical furnace processes, tracking, PECVD, along with wafer- and panel-level packaging tools. Its first-quarter fiscal 2026 earnings report showed revenue of $231.3 million (up 34.2% year-over-year), non-GAAP diluted per-share earnings of $0.34, and guidance showing 25% annual growth (between $1.08 billion and $1.175 billion).

It’s no wonder ACMR shares are up 135% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.

ACM Research Sees Huge Institutional Buying Institutional volumes reveal plenty. In the last year, ACMR has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in ACMR shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.moneyflows.com Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with ACM Research.

ACM Research Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, ACMR has had strong sales and earnings growth:

3-year sales growth rate (+33%) 3-year EPS growth rate (+37.2%) Source: FactSet

Also, EPS is estimated to ramp higher this year by +39.9%.

Now it makes sense why the stock has been generating Big Money interest. ACMR has a track record of strong financial performance.

Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.

ACM Research has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s drawn 25 outlier inflow signals since 2020 and is up 217.5% since the first one. The blue bars below show when ACMR was a top pick on the Outlier 20 report…Big Money keeps buying:

Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

ACM Research Price Prediction The ACMR action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in ACMR at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.

On June 01, 2026, AECOM ACM shares rose 4.2% to a current price of $72.25, reflecting a slight recovery after a challenging month where the stock declined 14.1%. Over the past year, AECOM's performance has been notably poor, down 33.5%, and the stock has traded within a 52-week range of $67.64 to $135.52.

GF Value™ verdict: Currently trading at $72.25, AECOM's shares are estimated to be 17.9% undervalued compared to a GF Value™ of $87.95.GF Score™: AECOM has a GF Score™ of 70/100, indicating an above average ranking for long-term investment potential.Most notable signal: Insider activity reflects confidence, with insiders buying $0.4M in stock over the last three months and no selling recorded. Is ACM Overvalued or Undervalued? Currently, AECOM's shares are trading at $72.25, which presents a significant opportunity as the GF Value™ estimates the fair value at $87.95, indicating that the stock is 17.9% undervalued. The margin of safety provided by this undervaluation suggests that there is potential for price appreciation if the company's fundamentals remain stable or improve. The GF Valuation label categorizes AECOM as "Modestly Undervalued," reinforcing the notion that the current share price does not fully reflect the company's intrinsic value.

Investors should consider that while the stock appears undervalued according to the GF Value™, other factors such as market conditions, operational performance, and external economic influences can affect future price movements. AECOM's valuation reflects a blend of historical trading multiples, business growth, and future performance estimates, which are part of the GF Value™ methodology.

How Does ACM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 18.9x 36.3x Forward P/E 10.8x N/A AECOM's current P/E (TTM) of 18.9x is significantly below its 5-year median P/E of 36.3x, indicating that the stock is trading at a substantial discount compared to its historical valuation levels. The forward P/E of 10.8x further supports the notion that AECOM is undervalued relative to its historical performance. This P/E analysis aligns with the GF Value™ verdict, reinforcing the view that AECOM is currently undervalued.

What Does ACM's GF Score™ Tell Us? Metric Rating GF Score™ 70 Financial Strength 5/10 Profitability 7/10 Growth 3/10 Valuation 8/10 Momentum 4/10 AECOM's GF Score™ of 70/100 indicates a solid overall performance, particularly in profitability (7/10) and valuation (8/10), which are its strongest aspects. However, the growth rank of 3/10 suggests that the company may face challenges in expanding its revenue and profits, presenting a potential risk for long-term growth. The financial strength rating of 5/10 suggests that while the company's balance sheet is stable, there is room for improvement.

What Are Insiders Doing with ACM Stock? Recent insider activity indicates a positive outlook among AECOM's executives, with insiders purchasing $0.4 million worth of shares in the last three months and no selling activity reported. This pattern of buying can be a strong signal of confidence in the company's future prospects. Such insider purchases may suggest that insiders believe the stock is undervalued at its current price, aligning with the GF Value™ assessment.

What This Means for Investors Based on the current analysis, AECOM ACM appears to be undervalued considering its GF Value™ of $87.95 compared to the current price of $72.25. This suggests an investment opportunity, although potential investors should remain cautious of the company's growth prospects and overall market conditions.

For the complete analysis, visit the AECOM ACM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ACM's GF Score™?

ACM's GF Score™ is 70/100, indicating an above average ranking for long-term investment potential.

Is ACM overvalued or undervalued?

ACM is currently undervalued with a GF Value™ of $87.95 compared to its current price of $72.25, suggesting potential for price appreciation.

What is ACM's P/E ratio?

ACM's P/E (TTM) is 18.9x, which is significantly lower than its 5-year median P/E of 36.3x, further supporting the notion that the stock is undervalued.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per share as part of its ongoing quarterly dividend program. The dividend is payable on July 17, 2026 to stockholders of record as of the close of business on July 1, 2026. About AECOM AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm p.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been selected to continue providing architecture and engineering (A/E) services to the U.S. Department of Homeland Security (DHS) for its critical infrastructure modernization initiatives. Under this contract, AECOM will support mission-critical renovations and upgrades for government facilities across all 50 U.S. states, as well as Puerto Rico, Guam and the U.S. Virgin Islands.“We are pr.

A month has gone by since the last earnings report for Aecom Technology (ACM - Free Report) . Shares have added about 1.9% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Aecom due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

AECOM Q2 Earnings Beat Estimates, Backlog Increases Y/YAECOM reported better-than-expected results for the second quarter of fiscal 2026, where both earnings and net service revenues (“NSR”) surpassed the Zacks Consensus Estimate and increased on a year-over-year basis. Revenues also improved from the prior-year quarter. AECOM delivered a record second-quarter performance, supported by strong execution, expanding margins and continued backlog growth. The company’s design pipeline reached another all-time high.

Management noted that investments in AI capabilities and the higher-margin Advisory business continue to strengthen the company’s competitive positioning and support long-term growth opportunities.

Delving Deeper Into ACM’s Q2 ResultsThe company reported adjusted earnings per share (EPS) of $1.59, which topped the consensus mark of $1.58 by 0.6% and increased 27% from the prior-year quarter.

Revenues of $3.80 billion grew 1% year over year. NSR of $1.95 billion surpassed the consensus mark of $1.93 billion by 1.2% and increased 4% year over year.

Total backlog at the fiscal second-quarter end was $26.20 billion, up 8% from the year-ago period. AECOM’s design business delivered a solid 1.2x book-to-burn ratio. This marks the 22nd consecutive quarter with a book-to-burn ratio above 1.0, reflecting sustained demand. Additionally, the company’s design pipeline increased by double digits and reached a record level. This growth is being driven by strong funding across the company’s major markets and an expanding addressable market opportunity.

ACM’s Segment DetailsAmericas’ revenues were $2.91 billion during the reported quarter, up 1% from the prior-year quarter’s levels. NSR of $1.19 billion moved up 5% year over year, driven by 8% growth in the Americas design business. Adjusted operating income of $239 million was up 10% year over year. Adjusted operating margin (on an NSR basis) expanded 60 basis points (bps) year over year to a new high of 20%. This growth was driven by continued focus on operational efficiencies and strong returns on investments supporting organic growth initiatives. The total backlog at the end of the fiscal second quarter increased 2% year over year to a record high, supported by a 1.1x book-to-burn ratio in the Americas design business.

International revenues rose 2% year over year to $890 million. However, NSR declined 3% year over year to $754 million due to lower activity in the Asia and Middle East markets. Adjusted operating income in the segment increased 2% year over year to $84 million. Adjusted operating margin (on an NSR basis) remained broadly unchanged year over year at 11.1%. The performance reflected lower revenues in certain regions related to the Middle East conflict, partly offset by continued investments in strategic growth initiatives. The total backlog at the end of the fiscal second quarter surged 25% year over year to a new record high, supported by strong wins in the United Kingdom and Middle East markets.

AECOM Capital reported an operating loss of $1.5 million during the period.

Operating Highlights of ACMAdjusted segment operating profit amounted to $322 million, up 7% from the year-ago quarter. The segment’s adjusted operating margin improved 50 bps to 16.5%. Adjusted EBITDA rose 8% year over year to $312 million. Adjusted EBITDA margin of 16.5% also rose 20 bps year over year.

Liquidity & Cash Flow of ACMAt the end of the fiscal second quarter, AECOM’s cash and cash equivalents totaled $1.03 billion, down from $1.59 billion at fiscal 2025-end. The total debt (excluding unamortized debt issuance costs) as of March 31, 2026, was $2.75 billion compared with $2.74 billion at Sept. 30, 2025. At the fiscal second-quarter end, operating cash flow decreased 98% year over year to $3.8 million. Free cash flow was negative $27.4 million against the positive free cash flow of $178.4 million a year ago. Management attributed the decline primarily to delayed payment timing in the Middle East business and slower claims resolution on certain projects.

ACM Raises FY 2026 GuidanceAECOM raised its fiscal 2026 adjusted EBITDA and EPS guidance, supported by strong year-to-date execution, record backlog and sustained pipeline growth. It is now expecting adjusted EPS in the range of $5.90-$6.10 compared with the prior expectation of $5.85-$6.05. This indicates 14% year-over-year growth at the midpoint of the guidance. AECOM expects adjusted EBITDA in the range of $1.275-$1.305 billion compared with the previous expectation of $1.270-$1.305 billion. This indicates 7% year-over-year growth at the midpoint.

Free cash flow is still expected to be approximately $400 million. ACM also reaffirmed its expectation for organic NSR growth in the range of 6-8%, along with a segment-adjusted operating margin of 16.8% and adjusted EBITDA margin of 17%.

ACM Reaffirms Long-Term TargetsAECOM reaffirmed its long-term financial targets, including achieving more than 20% margin exit rate by fiscal 2028 and delivering adjusted EPS growth over 15% CAGR from fiscal 2026 through fiscal 2029. Management noted that continued investments in AI capabilities, Advisory services and operational efficiencies are expected to support these long-term objectives.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.

VGM ScoresAt this time, Aecom has a subpar Growth Score of D, a score with the same score on the momentum front. However, the stock has a score of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Aecom has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAecom is part of the Zacks Engineering - R and D Services industry. Over the past month, KBR Inc. (KBR - Free Report) , a stock from the same industry, has gained 10.1%. The company reported its results for the quarter ended March 2026 more than a month ago.

KBR reported revenues of $1.92 billion in the last reported quarter, representing a year-over-year change of -6.4%. EPS of $0.96 for the same period compares with $0.98 a year ago.

KBR is expected to post earnings of $0.89 per share for the current quarter, representing a year-over-year change of -2.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.6%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for KBR. Also, the stock has a VGM Score of B.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AECOM (“AECOM” or “the Company”) (NYSE: ACM) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. AECOM reported its Q2 2026 financial results on May 11, 2026. The Company reported operating cash flow down 98% year over year, along with negative free cash flow of $27 million. The Company also suffered delayed payment timing in the Middle East. The Company claimed during its earnings call that the claim-resolution process in several projects had dragged on longer than expected. Based on this news, shares of AECOM fell by about 12% on May 12, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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