Southland Holdings Inc. (NYSE:SLND) shares jumped 22.14% in after-hours trading on Tuesday, closing at $5.24 after the infrastructure construction company announced two project wins.
Check out the current price of SLND stock here.
Contract Awards Drive Rally
The infrastructure construction company secured around $130 million in new contracts, which include a bridge rehabilitation project in the Pacific Northwest and a water resource project in Austin, Texas.
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These contracts will be included in the backlog for the third quarter of 2025.
Project Breakdown
American Bridge Company, which operates under Southland’s Transportation segment, won a bridge rehabilitation contract from a private client in the Pacific Northwest. Oscar Renda Contracting, under the civil segment, secured a water resource project for Austin.
Market Performance
According to Benzinga Pro data, SLND finished regular trading at $4.29 on Tuesday, marking a 1.66% increase, before the after-hours rally pushed the stock up by $0.95 per share.
Southland Holdings has gained 32% year-to-date, fluctuating between $1.85 and $4.90 over the past 52 weeks, with a market capitalization of $232.14 million.
With a strong Momentum in the 79th percentile, Benzinga’s Edge Stock Rankings indicate that the Texas-based company has a positive price trend across all time frames. Know how its momentum lines up with other well-known names.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
