AECOM shares hit 52-week low at $66.10

AECOM shares fell to a 52-week low of $66.10 on Friday, marking the lowest price since mid-2023 as the engineering and construction firm’s stock extended recent declines.

The drop comes amid broader market weakness in the industrials sector, where AECOM competes alongside peers such as Jacobs Engineering and Fluor. Concerns over project delays, cost overruns, and softer demand in key markets have weighed on sentiment. The company’s shares have underperformed the S&P 500 Industrials Index over the past three months, reflecting investor caution.

AECOM, which provides infrastructure and facilities management services globally, has faced headwinds from reduced government and private-sector spending in certain regions. Analysts at JPMorgan and Goldman Sachs recently trimmed their price targets on the stock, citing macroeconomic uncertainty and margin pressures. The company is scheduled to report its next quarterly earnings on May 7, which may provide further clarity on its operational outlook.

At the 52-week low, AECOM’s market capitalization stood near $9.2 billion, down from $10.5 billion at the start of the year. Trading volume was elevated compared to its 30-day average, suggesting increased investor interest amid the price decline.

The stock’s recent performance contrasts with its 2023 high of $89.40, which was achieved amid strong demand for infrastructure projects in the U.S. and Europe. The current downturn aligns with a broader pullback in capital expenditures across the sector, as higher interest rates and economic uncertainty dampen discretionary spending.