Ferrovial shares moved higher as investors digested a newly announced U.S. Army Corps of Engineers award for Contract 3 of the Río Puerto Nuevo Flood Risk Management Project in Puerto Rico, a $1.078 billion construction contract awarded to Ferrovial Construcción PR, LLC. The move is being amplified by a near-term catalyst on the calendar, with Ferrovial scheduled to release first-quarter 2026 operating results after the U.S. market close on May 7, 2026.

A billion-dollar federal infrastructure award increases visibility for Ferrovial’s U.S. construction activity and reinforces the group’s strategy of leaning into North American infrastructure. With the market focused on order book quality, execution risk, and cash conversion, a large, multi-year project can be viewed as supportive for backlog and revenue durability—though investors will look for details on scope, timing, and profitability as additional information emerges.

Separate from the contract catalyst, Ferrovial has continued executing its share repurchase program, with recent regulatory communications summarizing purchases in late April 2026. Ongoing buybacks can help underpin the share price by reducing share count and signaling management’s confidence in valuation, particularly when paired with incoming quarterly results and operational updates.