Amid a historic rally and blowout earnings, one portfolio move hints at where conviction ends and discipline begins.New York-based JB Capital Partners cut its holding in Tutor Perini (TPC +0.73%) by 175,000 shares in the third quarter, reducing exposure by approximately $5.35 million, according to a November 13 SEC filing.What HappenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated November 13, JB Capital Partners LP reduced its stake in Tutor Perini (TPC +0.73%) during the third q ...

格隆汇12月26日丨宁波建工(601789.SH)公布，控股子公司宁波市政工程建设集团股份有限公司（简 称"市政集团"）与中铁四局集团有限公司（简称"中铁四局"）组成的联合体于近日与招标人宁波城市地 下空间投资有限公司签订了《建设工程施工合同》，工程名称：环城南路（联丰中路-世纪大道）综合 管廊工程（施工）Ⅱ标段。签约合同价（含税）：451,396,398元，即人民币肆亿伍仟壹佰叁拾玖万陆仟 叁佰玖拾捌元整。中标浮动率：-9.63％。 ...

格隆汇12月26日丨宁波建工(601789.SH)公布，控股子公司宁波市政工程建设集团股份有限公司（简 称"市政集团"）与中铁四局集团有限公司（简称"中铁四局"）组成的联合体于近日与招标人宁波城市地 下空间投资有限公司签订了《建设工程施工合同》，工程名称：环城南路（联丰中路-世纪大道）综合 管廊工程（施工）Ⅱ标段。签约合同价（含税）：451,396,398元，即人民币肆亿伍仟壹佰叁拾玖万陆仟 叁佰玖拾捌元整。中标浮动率：-9.63％。 ...

文科股份公告，公司、中铁十九局集团第三工程有限公司及苏交科集团股份有限公司组成的联合体近日 收到潮州市潮安区信和建筑工程有限公司发来的《中标通知书》，确定为潮州市潮安区新风路绿化提升 工程项目设计施工总承包（第二次）的中标单位。中标价为6301.8万元，中标工期为210日历天。 ...

宁波建工（601789）(601789.SH)发布公告，公司控股子公司宁波市政工程建设集团股份有限公司(简 称"市政集团")与中铁四局集团有限公司(简称"中铁四局")组成的联合体于近日与招标人宁波城市地下空 间投资有限公司签订了《建设工程施工合同》，工程名称：环城南路(联丰中路-世纪大道)综合管廊工程 (施工)Ⅱ标段，签约合同价(含税)4.51亿元，中标浮动率：-9.63%。 ...

11月27日，城市更新与运营市场营销演讲比赛顺利举办，9名参赛选手同台竞技，围绕琴澳合作区更新 样本、城中村改造启示、土地整备统筹等主题，以语言为桥、以实践为基，为城市更新与运营的发展注 入鲜活思路。专业评审团从主题契合度、战略深度等五维度综合打分，最终评选一等奖、二等奖、三等 奖各1名。 两场竞赛覆盖营销策划、造价管控、项目运营等关键领域，与公司常态化开展的青马工程培训一脉相 承，构成"以赛育才、以训赋能"的人才培养体系。公司始终将青年人才培养置于战略高度，青马工程通 过专家授课夯实理论根基、现场研学锤炼实践本领、竞赛比拼激发奋进活力，技能竞赛则聚焦专业实操 打磨硬功夫，二者协同发力，全方位提升青年精神素养与业务能力。下一步，中建四局土木公司将持续 完善人才培育长效机制，推动竞赛成果与培训实效深度转化，凝聚青年实干力量，在城市更新与工程建 设赛道上书写 "精诚善建 精彩四海" 的高质量发展新篇章。 6月27日，"精诚・筑福杯"竞赛在深圳开赛，聚焦"大商务"管理与价值创造核心目标，设置团队赛与个 人赛两大组别。5支参赛团队围绕"全过程价值创造"核心，展示其在"目标成本分解、三优化一创新、五 策划创效、成本精益 ...

As filed with the U.S. Securities and Exchange Commission on December 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Legato Merger Corp. IV (Exact name of registrant as specified in its charter) Cayman Islands 6770 98-1880768 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Legato Merger Corp. IV 777 Third Avenue, 37 ...

Key Takeaways Global infrastructure growth now spans energy, water, telecom, data centers and public works.DY, STRL, MTZ, EME, and PWR show strong backlogs and visibility into 2026 infrastructure demand.Infrastructure tailwinds include U.S. IIJA funding, grid upgrades and surging data center expansion.Global infrastructure spending remains structurally strong heading into year-end 2025, supported by aging assets, energy transition mandates, grid resiliency needs and the rapid expansion of data-center capaci ...

Core Insights - U.S. construction activity is entering a durable expansion phase driven by federal infrastructure spending, grid modernization, energy transition projects, and data-center development [2][4] - Companies like Sterling Infrastructure, MasTec, EMCOR, and Jacobs Solutions are positioned to benefit from this momentum due to their strong backlogs and operational capabilities [3][22] Industry Overview - The Infrastructure Investment and Jobs Act (IIJA) allocates approximately $350 billion for federal highway programs and up to $108 billion for public transportation programs from fiscal 2022 to 2026, supporting steady demand for engineering and construction services [2] - The shift from authorization to actual awards in federal infrastructure funding is creating sustained demand for engineering-led contractors, particularly in complex, multi-year projects [4] Company Highlights Sterling Infrastructure - Achieved 32% year-over-year revenue growth and 58% adjusted EPS growth to $3.48 in Q3 2025, with a total signed backlog of $2.6 billion, a 64% increase year-over-year [6][7] - Data-center site development is the primary growth driver, with over 125% year-over-year growth in data-center revenue [7] - Stock has gained 75% in the past year, with a Zacks Consensus Estimate for 2026 EPS increasing to $11.95, indicating 14.6% growth [9] MasTec - Reported record quarterly revenue of nearly $4 billion in Q3 2025, up 22% year-over-year, with an 18-month backlog of $16.8 billion, a 21% increase [10][11] - Adjusted diluted EPS climbed nearly 48% year-over-year, with strong visibility heading into 2026 due to broad-based demand across energy and infrastructure markets [12] - Stock has gained 58.1% in the past year, with a Zacks Consensus Estimate for 2026 EPS increasing to $8.12, indicating 27.3% growth [13] EMCOR - Posted record revenues of $4.3 billion in Q3 2025, up 16.4% year-over-year, with remaining performance obligations (RPOs) reaching $12.6 billion, nearly 29% higher than a year ago [14][15] - Strong operating cash flow and disciplined acquisitions enhance EMCOR's investment profile, entering 2026 with a robust setup [16] - Stock has gained 28.7% in the past year, with a Zacks Consensus Estimate for 2026 EPS increasing to $27.41, indicating 8.6% growth [17] Jacobs Solutions - Exited fiscal 2025 with a record consolidated backlog of $23.1 billion, up 5.6% year-over-year, supported by a book-to-bill ratio of 1.1x [18] - Adjusted EPS rose nearly 28% year-over-year, with management guiding for mid-teens adjusted EPS growth in fiscal 2026 [20] - Stock has slipped 1.1% in the past year, but the Zacks Consensus Estimate for fiscal 2026 EPS has increased to $7.06, indicating 15.4% growth [21]

Key Takeaways Sterling Infrastructure saw 32% revenue growth and a 64% backlog jump, led by data-center demand.MasTec's 18-month backlog hit $16.8B, with pipeline infrastructure backlog more than doubling.EMCOR and Jacobs posted record backlogs, margin strength and strong visibility into 2026.U.S. construction activity is entering a more durable expansion phase as federal infrastructure spending, grid modernization, energy transition projects and data-center development converge. Multi-year funding under th ...