One FTSE 250 stock that’s doing really well right now is industrial company Keller Group (LSE: KLR). Over the last year, it’s risen about 110%.
I still think the stock offers value though. Currently, it looks very cheap.
US success
Keller specialises in preparing ground to be built on. And right now, it’s having a lot of success, particularly in the US.
Across America today, demand for Keller’s services is high. This is due to the fact that the country’s spending a lot of money on infrastructure, onshoring, semiconductor plants, and data centres.
Strong H1 results
This success was reflected in Keller’s recent results for the half-year ended 30 June. For the period, the company reported:
-
Underlying profit growth of 69%
-
Underlying return on capital employed of 28.4% – the highest level for 15 years
-
Free cash flow before interest and tax growth of 229%
-
A 19% increase in dividend per share
Additionally, the…
