If in December, as outlined, you scooped-up shares of professional engineering/construction services provider URS Corporation (URS), first discussed on June 5, 2009, at a price of $51.56, you made the correct move. The stock is finally starting to get some respect from institutional investors (IIs).

URS's stock has progressed nicely this winter, rising about 15% in three months and the the stock should trade above $50 in 2011, according to my analysis.

The shares of professional engineering/construction services provider URS Corporation (URS), first discussed on June 5, 2009 at a price of $51.56, have cleared the danger zone I wrote about earlier this fall, so now would be a decent time to consider scooping-up some shares. URS should trade above $50 in 2011, according to my analysis

Look for URS to post a modest 2-3% revenue increase in 2010, followed by a 10-15% rise in 2011. Long-term, both federal government-related and private sector (industrial and commercial) work should gradually attract more institutional investors (IIs) back to the stock in 2011, after a portion of the less-patient IIs exited their URS position this year.

The Thomson Reuters First Call FY2010/FY2011 EPS estimates for URS are $3.69 to $3.68. That FY2011 EPS estimate looks about 5% low, according to my analysis.

Talk about disappointing seasons. The shares of professional engineering/construction services provider URS Corp. (URS), first discussed on June 5, 2009 at a price of $51.56, swooned this summer, hitting a low of about $35.

If you managed to survive the plunge, there is modest good news: shares have rebounded, but by no means has URS registered a trend reversal yet of its bear-hug pattern.

One culprit in URS's plunge is the company's likely, modest, 2-3% revenue increase in 2010. Longer term, both federal government-related and private sector (industrial and commercial) work should gradually improve in 2011, but it appears a portion of institutional investor community weren't willing to wait that long, and exited their positions.

The shares of professional engineering/construction services provider URS Corp. (URS), first discussed on June 5, 2009 at a price of $51.56, have pulled-back with the Dow's recent retreat, but just view that as an opportunity to scoop-up shares at a decent price.

Look for URS's 2010 revenue to increase 3-5% in 2010, on the prospect of increased infrastructure work; industrial and commerce power project activity will likely moderate, however.

URS Corporation's (NYSE: URS) stock performance has disappointed since the Buy recommendation at $51.56 on June 6, 2009: it's fallen about 15%.

Still, investors who can tolerate moderate risk should view the dip as a buying opportunity. Here's why:

Put planning/construction management company URS Corp. (NYSE: URS) in that category of companies that have been rudely treated by Wall Street. From the way, institutions dumped the stock in October 2008, one would think that the United States would not build or repair another electric or water system or build another public facility. From a high over $60, the Street hammered shares to a low around $20. Or, as a CEO friend of mine says when he sees irrational behavior in a corporate environment, "It was a totally unacceptable thought process."

Wall Street's fits-and-starts continued over the winter, hence a Buy rating was delayed here regarding URS until it cleared the $50 mark, and now that the psychologically important "5-0" has been breached, look for shares to continue their upward movement.