10 Best Hurricane and Natural Disaster Stocks To Buy Now

08. AECOM (NYSE:ACM)

Number of Hedge Fund Holders: 32

AECOM (NYSE:ACM) is a global provider of infrastructure consulting services, operating across three main segments: Americas, International, and AECOM Capital. The company offers a broad range of services, including planning, architectural and engineering design, construction management, and investment in real estate projects. Given its involvement in infrastructure and disaster management projects, AECOM (NYSE:ACM) is a key player in the hurricane and natural disaster segment, making it an ideal inclusion in this list of the best hurricane and natural disaster stocks to buy now.

AECOM (NYSE:ACM) financial performance in the third quarter of 2024 was exceptional, demonstrating strong growth and resilience. The company reported an 8% year-over-year increase in net service revenue (NSR) and a 16% rise in adjusted EBITDA, reflecting the company’s ability to capitalize on a robust pipeline of opportunities in critical markets like water and transportation. Furthermore, adjusted EPS increased by 23% for the quarter, reinforcing the company’s solid financial foundation.

One of the key highlights of the earnings report was the company’s strong cash flow generation, with free cash flow up by 32% year-to-date. This financial strength enables AECOM (NYSE:ACM) to continue allocating resources toward share repurchases, investments in high-return growth opportunities, and maintaining dividend payments. The company has repurchased $200 million worth of stock since the end of the second quarter, illustrating its commitment to shareholder value.

AECOM (NYSE:ACM) backlog, which is at a record high, provides significant visibility into future revenue streams and supports the company’s growth outlook. The firm’s pipeline in its core markets is robust, with a 20% growth in its program management pipeline and a 45% increase in its water-related pursuits. This visibility and growth potential underpin AECOM (NYSE:ACM) updated fiscal 2024 guidance, with the company now expecting 21% adjusted EPS growth at the midpoint.

As of Q2 2024, the number of hedge fund holders of AECOM (NYSE:ACM) was 32, a slight decline from 34 in the previous quarter. However, this minor fluctuation does not overshadow the company’s strong fundamentals and strategic positioning, making AECOM (NYSE:ACM) a solid investment opportunity in the hurricane and natural disaster sector.