At the time of writing, Downer shares are up 1.59% to $7.66. Despite today's gain, the stock remains down almost 5% in 2026.

Let's take a closer look at what was announced.

$500 million partnership secured

Downer revealed it has been awarded a new long-term partnership with Stockland Corp Ltd (ASX: SGP), valued at approximately $500 million.

The agreement will see Downer deliver integrated facilities management services across Stockland's portfolio. This includes commercial office buildings, shopping centres, logistics facilities, and land lease communities across New South Wales, Victoria, Queensland, and South Australia.

The contract is set to commence on 1 August 2026, with an initial term of 5 years and an option to extend for a further 5 years.

Management said the deal aligns with its strategy to grow its asset management services and deepen relationships with large-scale customers.

Focus on recurring revenue

A key part of this deal is that it runs over a long period and brings in recurring revenue.

These types of contracts usually provide more steady and predictable revenue compared to one-off projects. This can help smooth earnings over time and improve visibility for investors.

Downer already operates across transport, utilities, and infrastructure, but deals like this increase its exposure to ongoing maintenance and asset management work.

The company also pointed to its ability to manage large and complex sites, supported by its systems and scale.

Share price reaction

The announcement has pushed the share price higher in early trade.

However, the broader trend remains weak. Downer shares are still down for the year to date, with sentiment across infrastructure and services stocks uneven.

Recent trading has also been choppy. The stock reached a 52-week high of $8.655 on 2 March, before declining over the next 5 sessions to a low of $7.25 on 9 March, during a period of broader global market weakness.

Over the past 12 months, shares are still higher, supported by ongoing contract wins and steady operating conditions.

Downer currently has a market capitalisation of just under $5 billion and a dividend yield of approximately 3.5%.

What to watch next

This latest contract adds to Downer's pipeline and supports its shift towards longer-term, recurring revenue streams.

While the share price has pulled back in recent weeks, today's announcement shows the company is still securing large-scale agreements across its core markets. This may appeal to investors seeking more consistent, contract-backed revenue.

The post Downer shares jump today. Here's what's driving the move appeared first on The Motley Fool Australia.

But what are they saying about them? Let's find out if analysts are bullish or bearish, courtesy of The Bull. Here's what you need to know:

Downer EDI Ltd (ASX: DOW)

Baker Young reckons that investors should be selling this integrated services provider's shares this week.

The broker highlights that its current valuation leaves little margin for error and poses meaningful downside risk should trading conditions soften. It said:

Downer provides integrated services that maintains infrastructure across Australia and New Zealand. It's benefited from highly supportive macroeconomic conditions and favourable government infrastructure spending during the past two years. The company's first half result in fiscal year 2026 highlighted statutory net profit after tax of $98 million, up 29.8 per cent on the prior corresponding period.

Management expects further margin expansion through fiscal years 2026 and 2027. However, the share price increase has far outpaced underlying earnings growth. At current valuation levels, we see limited margin for error and little valuation support should conditions soften. Consequently, we believe it's prudent to take profits.

Nuix Ltd (ASX: NXL)

Another ASX share that has been named as a sell is investigative and analytics software provider Nuix.

Peak Asset Management thinks that its shares are fully valued now and that investors should be taking profit. Talking about the tech stock, it said:

Nuix is an investigative analytics software provider. It enables customers to process and search large data sets of unstructured information, including emails, documents and communications records. The company earns most of its revenue from licence and maintenance fees. Revenue of $121.2 million in the first half of fiscal year 2026 was up 15.2 per cent on the prior corresponding period.

Annualised contract value of $234.4 million was up 8.4 per cent. Investors may want to consider taking a profit as we believe gains are priced in following the half year result. We see limited scope for upside amid increasing competition.

ResMed Inc. (ASX: RMD)

Over at Securities Vault, its analysts think this sleep disorder treatment company's shares are a hold.

It is a big fan of ResMed but feels its shares are fully valued at current levels and recommends waiting for a better entry point. It said:

ResMed remains a global leader in sleep apnoea devices and digital health monitoring. Structural demand drivers, including ageing populations, increasing diagnosis rates and broader awareness of sleep health, continue to support long term growth. However, a strong share price recovery following concerns about the impact of weight loss drugs on sleep apnoea treatment appears to leave much of the near-term optimism priced into the stock.

While the company's fundamentals remain robust, the valuation reflects its market leadership and growth outlook. Investors may prefer to retain existing positions, while awaiting further earnings expansion, or more attractive entry points.

The post What are analysts saying about ResMed, Downer, and Nuix shares? appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here is a sample of the large number of ASX All Ords shares with ex-dividend dates next week.

ASX All Ords shares about to go ex-dividend

Which companies will we hear from today?

The big one today is the half-yearly report from supermarket network Coles Group Ltd (ASX: COL).

Woolworths shares ripped this week after the ASX All Ords consumer staples giant reported a 16% profit lift to $859 million for 1H FY26.

We'll also hear from TPG Telecom Ltd (ASX: TPG), Michael Hill International Ltd (ASX: MHJ), and Pexa Group Ltd (ASX: PXA).

The latest report from The Star Entertainment Group Ltd (ASX: SGR) will also be interesting, as investors seek further news on the turnaround plan for the beleaguered casino operator.

Yesterday, Star Entertainment shares bounced on news of a debt refinancing deal, including extra liquidity to fund the turnaround plan.

The post 35 ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

After a strong start at market open, the ASX 200 fell into negative territory mid-morning and never recovered, closing down a hefty 0.61%. That leaves the index at a flat 9,026 points.

This painful start to the trading week for the Australian markets comes after a far rosier end to the American trading week on Saturday morning (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, cruising 0.47% higher.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did one better, gaining 0.9%.

But let's get back to this week and the local markets now, though, for a deeper dive into what was happening amongst the various ASX sectors this session.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Downer EDI report?

• Statutory NPAT up 29.8% to $98 million
• Underlying NPATA up 7.0% to $136.1 million
• EBITA increased 11.2% to $227.1 million (margin up to 4.6%)
• Revenue down 6.9% to $4,860.7 million, reflecting divestments and a focus on quality earnings
• Fully franked interim dividend of 12.9 cents per share, up 19.4%
• Cash conversion was strong at 90.5%, exceeding targets

What else do investors need to know?

Downer's ongoing portfolio simplification is almost complete, with major divestments including its 49% stake in Keolis Downer and a non-core New Zealand cleaning business. This sharpened their focus on markets aligned with their technical strengths.

Despite a dip in revenue—largely in line with expectations—Downer boosted its work-in-hand by nearly 9% to $38.2 billion, thanks to new contracts across energy, water, defence, and transport. The company also flagged sustained cost control, contract margin improvements, and a stronger balance sheet as key drivers of its solid result.

Safety remains a top priority, although worksite incidents did impact results. The company is also progressing on succession, welcoming a new leader for its Transport & Infrastructure arm in April 2026.

What did Downer EDI management say?

Managing Director and Chief Executive Officer Peter Tompkins said:

We have expanded our margin and grown the bottom line, improved the quality and predictability of earnings, increased work-in-hand, and strengthened our balance sheet. These outcomes reflect our focus on enhanced contract performance, tighter risk controls, and the continued embedment of a culture of accountability across the organisation.

What's next for Downer EDI?

Downer expects FY26 revenue to be slightly below the previous year's pro forma figure, with further gains targeted for earnings and EBITA margins. They are aiming for underlying NPATA of $295 million to $315 million, depending on stable economic and market conditions.

The medium-term ambition is for a compound annual revenue growth rate of 4–5% out to FY30, underpinned by their expanding order book and strong position across key infrastructure and government markets.

Downer EDI share price snapshot

Over the past 12 months, Downer EDI shares have rise 45%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has increased 9% over the same period.

View Original Announcement

The post Downer EDI earnings: Profit rises, margin tops target, order book grows appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Downer EDI report?

• Selected as preferred contractor for four NZ Transport Agency Waka Kotahi (NZTA) road maintenance contracts
• Contracts cover Central Waikato (10 years), Taranaki (three years), Tairawhiti (three years), and Coastal Otago (10 years)
• Estimated total revenue of NZ$870 million over the contracted periods, to be finalised during negotiations
• Services include routine and emergency response, pavement and surfacing renewals, drainage and environmental maintenance
• Contracts commence May 2026, subject to final terms and agreements

What else do investors need to know?

Downer has reinforced its reputation in New Zealand's critical road maintenance sector, deepening its longstanding partnership with NZTA. The scope of works covers comprehensive upkeep, renewals, and emergency response for major highway networks, aligning with Downer's strengths in integrated services.

The new contracts extend Downer's already substantial operations, highlighting its presence across 50,000km of urban and rural roads in both Australia and New Zealand. The business expects to cement its market leadership and continue delivering reliable services for government clients.

What did Downer EDI management say?

Downer's Chief Executive Officer, Peter Tompkins, said:

Downer maintains more than 50,000km of urban and rural networks across New Zealand and Australia. These state highway contracts extend Downer's long-standing relationship with NZTA. We are proud of this partnership and the outcomes we have achieved together – maximising value from network assets, while providing safe, reliable and accessible journeys for road users, and keeping New Zealand people and economies moving.

What's next for Downer EDI?

The company is now working through the final contract terms, with works due to kick off from May 2026. Investors can watch for updates as commercial details are finalised and as Downer integrates the contracts into its broader service portfolio.

With continued demand for infrastructure services on both sides of the Tasman, Downer is well-positioned to benefit from ongoing investment in roads, essential services, and government-led projects in coming years.

Downer EDI share price snapshot

Over the past 12 months, Downer EDI shares have soared 46%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Downer EDI wins $870m NZ highway maintenance contracts: What investors need to know appeared first on The Motley Fool Australia.

At the time of writing, Downer shares are up 0.89% to $7.94. In comparison, the S&P/ASX 200 Index (ASX: XJO) is also rising by 0.5% following modest gains on Wall Street overnight.

What was announced?

According to the release, Downer confirmed that it has been selected as the preferred contractor for four New Zealand state highway maintenance contracts awarded by the NZ Transport Agency, Waka Kotahi.

Subject to final contract terms, the work is scheduled to commence in May 2026 and will cover state highway networks in Central Waikato, Taranaki, Tairāwhiti, and Coastal Otago.

The contracts will span anywhere between 3 to 10 years. Downer estimates that it will receive around NZ$870 million (roughly A$760 million) in revenue from the early stages of the four regions.

The scope of work includes routine and non-routine inspections, pavement and surfacing renewals, drainage maintenance, traffic services, environmental maintenance, and emergency response.

Why this matters

The announcement isn't transformational, but it does reinforce Downer's position in these markets.

This is ongoing road maintenance work rather than large construction projects, which aligns with the company's focus in recent years on execution and margins.

Management also noted it already maintains more than 50,000 kilometres of road networks across Australia and New Zealand. That track record is often an advantage when governments are selecting contractors for essential maintenance road works.

Building on recent momentum

This update sits alongside a series of recent contract wins and operational improvements.

Downer has also continued to return capital to shareholders, with buybacks supporting earnings per share. Broker views have shifted gradually as a result, with some price targets raised following the company's recent updates and briefings.

As a result, Macquarie lifted its price target by 11% to $8.50, while UBS notched up its target by 6.7% to $8.

Key takeaway

The market response to the announcement has been subtle, which probably reflects the nature of the update.

This announcement doesn't change the near-term outlook for Downer, but it does add to the company's base of long-term contracted work. It also fits with the way the business has been positioned in recent years, with a clear focus on execution, margin control, and earnings visibility.

For me, it doesn't shift the buy or sell view. It's another reminder that Downer is a steady, long-term infrastructure business.

The post Downer shares edge higher after New Zealand contract win appeared first on The Motley Fool Australia.

What did Downer report?

• Contract value: Estimated at $750 million over 15 years, subject to work orders
• Contract commencement: January 2026, initial term of 10 years plus one five-year extension option
• Scope: Maintenance, asset management, and capital projects for non-process infrastructure
• Client: Chevron Australia, at Wheatstone and Gorgon facilities in Western Australia

What else do investors need to know?

Downer highlighted this contract as a major win in its energy sector operations and a testament to its strong relationship with Chevron. The company will focus on creating jobs and opportunities for local and Indigenous communities during the contract's lifespan, continuing its commitment to inclusive employment.

This agreement further cements Downer's presence in the Australian energy and industrial services market, building on its track record of delivering essential infrastructure support for major resource customers.

What did Downer management say?

Chief Executive Officer Peter Tompkins said:

Downer is a leader in the delivery of major maintenance services to customers in the Australian energy and industrial sectors…This contract builds on a strong, long-standing relationship with Chevron and reinforces our shared focus on keeping our people safe, driving performance, and collaboration. Together with Chevron, Downer is committed to creating meaningful opportunities for local and Indigenous communities throughout the life of this contract.

What's next for Downer?

The company will prepare to mobilise its teams and resources for a smooth contract start in early 2026, with a focus on delivering efficient and safe services at Chevron's facilities. Downer says it will continue prioritising performance improvements and local community outcomes.

Looking ahead, Downer's strategy remains anchored in securing long-term infrastructure and maintenance contracts across the energy and industrial sectors, supporting Australia's growing resource base and drive for local industry participation.

Downer share price snapshot

Downer shares have risen 38% over the past 12 months, running well ahead of the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period. 

View Original Announcement

The post Downer awarded $750m Chevron contract: What investors need to know appeared first on The Motley Fool Australia.

This provides shareholders a chance to hear from management and gauge how the business is tracking.

The market closely follows company AGMs.

Data collected by Macquarie Group Ltd (ASX: MQG) revealed that stocks have higher trading volume on AGM day, averaging a 41% increase. This is followed by a period of share price underperformance. However, on average, share prices recover in line with the market around four weeks after their AGM. 

In a 1 October research note, Stocks to buy & sell for 2025 AGM season, Macquarie said that after the guidance reset in August,  it expects net positive surprises for the AGM season. 

Macquarie also noted that, after three years of decline, ASX earnings trends had turned more positive in September, with earnings per share (EPS) upgrades of 4%.

The broker also named 5 stocks that it expects to deliver the most positive surprises during AGM season, as determined by Macquarie analysts. 

Here are the 5 companies named.

Aussie Broadband Ltd (ASX: ABB)

Macquarie's first pick is telecommunications stock Aussie Broadband. 

The stock has soared an impressive 67% for the year to date, while offering a small dividend yield of 0.68%. That's substantially higher than the All Ords Index, which has risen 10% over the same period. 

The broker has an outperform rating and price target of $5.90 on Aussie Broadband shares.

Aussie Broadband will hold its AGM on 14 October.

Stockland Corporation Ltd (ASX: SGP)

Property development company Stockland was the second stock named.

Stockland shares have also performed well recently, rising 28% for the year to date. 

Macquarie currently has a neutral rating and price target of $6.16 on Stockland shares.

Stockland will hold its AGM on 16 October.

Australian Finance Group Ltd (ASX: AFG)

Macquarie named mortgage broking group Australian Finance Group as its third pick. 

The company has soared 78% for the year to date. 

Macquarie currently has an outperform rating and price target of $2.86 on Australian Finance Group.

Australian Finance Group will hold its AGM on 17 October.

JB Hi-Fi Ltd (ASX: JBH)

Electronics retailer JB Hi-Fi was the fourth company named. 

JB Hi-Fi shares have risen 26% for the year to date. 

Macquarie has an outperform rating and price target of $118 on JB Hi-Fi shares.

JB Hi-Fi will hold its AGM on 30 October.

Downer EDI Ltd (ASX: DOW)

Macquarie named integrated services company Downer EDI as the final stock to deliver a positive earnings surprise during earnings season. 

Like the other four ASX All Ords stocks named, Downer EDI shares have substantially outperformed the ASX All Ords Index for the year to date, rising 42%. 

Macquarie has an outperform rating and price target of $7.65 on Downer EDI shares.

Downer EDI will hold its AGM on 11 November.

The post Macquarie names 5 ASX All Ords stocks to deliver the most positive surprises during AGM season appeared first on The Motley Fool Australia.

The Department last week awarded several billion dollars in contracts for base transformation and maintenance works over the next six years for the initial contract terms. Service Stream was awarded contracts worth $1.6 billion, Downer contracts worth $3.05 billion, and Ventia Services Group Limited (ASX: VNT) contracts worth $2.7 billion.

RBC Capital Markets analysts said in a note to clients that while Ventia won work under the new contracts, it would now operate in fewer regions.

Downer, on the other hand, would book more revenue compared with its previous Defence contracts, "with an improved mix of work now weighted entirely to Hard Facilities Management which we see favourably''.

Service Stream as a non-incumbent operator achieved an outcome in excess of our and market expectations with estimates of about $240 million per annum top-line contribution during its first full 12 months. Whilst being disappointed by missing out on contracts where it is the incumbent operator, Ventia retains Western Australia, amongst other states – particularly relevant given the investment expected at WA's Henderson Defence Precinct.

RBC has a target price of $7.75 for Downer stock, compared with the current price of $7.21, and a target price of $2.50 for Service Stream, compared with $2.31. Its target for Ventia is $5.50, down from $5.75, compared with the current price of $5.12.

Wins could lead to more work

RBC analysts said winning the tenders positions the companies well for new works that might be needed across the bases. Defence "as a thematic remains attractive" with the Australian Government looking to ramp up spending in the area.

Service Stream's wins in the Northern Territory and South Australia were particularly positive, as the company was not previously a Defence supplier.

On top of winning new work with a highly sought after customer – Defence, the significance of this in our view is that in its key publication – Integrated Investment Program (2024), Defence highlighted its Northern Bases as being a priority for further development & investment; specifically, NT located bases. Additionally, Osborne Park in SA must be expanded to enable Defence to construct Australia's AUKUS submarines. With that, we believe NT and SA should present further, incremental project work opportunities which Service Stream will be geographically well-positioned to participate in.

The post Which defence stocks are good buying after recent tender wins? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Downer EDI Ltd (ASX: DOW)

The Downer EDI share price is up 2.5% to $7.09. This follows news that it has been awarded a new contract to deliver base and estate services to the Australian Department of Defence valued at approximately $3.05 billion over an initial term of six years. It notes that the Property and Asset Services (PAS) contract, part of Defence's Base Services Transformation program, commences in February 2026 and runs until 2032. However, there are two extension options of between one to three years each. A maximum term contract could see Downer delivering PAS for a total of 10 years. CEO of Downer, Peter Tompkins, said: "Downer is a long-standing Defence partner, and has been providing sustainment, infrastructure, and estate services for more than 80 years. We are proud of the role we play as the custodian of Defence estates, supporting the working environments that enable an agile and capable Defence force."

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is up 5% to $9.62. It is one of a number of ASX gold stocks charging higher on Thursday. So much so, the S&P/ASX All Ordinaries Gold index is up over 3% at the time of writing. In addition, it is worth noting that Bell Potter upgraded Evolution's shares to a buy rating with an improved price target of $10.55 on Wednesday.

Perenti Ltd (ASX: PRN)

The Perenti share price is up 5% to $2.52. This morning, this underground mining services company announced a new contract win. It has been awarded a four-year contract for underground mining services at the Dalgaranga Gold Project, which is now owned by Ramelius Resources Limited (ASX: RMS) following completion of its acquisition of Spartan Resources. The contract is estimated to be worth $300 million over the four years. Perenti's CEO, Mark Norwell, said, "Securing a four-year contract for underground mining at the Dalgaranga Gold Project is another strong result for Barminco. Several recent regional contract wins have built additional scale for the Barminco Australia business, which ultimately delivers benefits for both our clients and shareholders."

Service Stream Ltd (ASX: SSM)

The Service Stream share price is up 16% to $2.32. This follows the announcement of a $1.6 billion Base Services Contract from the Department of Defence. Managing director, Leigh Mackender, said: "Service Stream is extremely proud to be awarded this significant agreement with the Australian Department of Defence. As an Australian owned and operated company, we are honoured to earn the trust of Defence and believe this is an ideal strategic fit for Service Stream and its ongoing support of critical essential infrastructure throughout Australia."

The post Why Downer, Evolution Mining, Perenti, and Service Stream shares are charging higher today appeared first on The Motley Fool Australia.

And Service Stream Limited (ASX: SSM) shares have piled on double-digit gains after it announced it had also had a major tender win from Defence under the same bidding process.  

Downer said on Thursday the new property and asset services (PAS) contract would start in February next year and would initially run until 2032.

However, there are two extension options in the contract, which could see Downer delivering the contract for up to 10 years.

PAS was the next generation of Defence's base and estate services contract, Downer said in a statement to the ASX.

Under the new contract, Downer will provide base and estate facilities maintenance operations, aerodrome operations, land management, training area and range management, and integration services across the combined New South Wales and Australian Capital Territory region, and Queensland region. This represents an increase in Downer's geographical footprint from the current estate maintenance and operations services contract to cover two of Defence's largest regions.  

Service Stream stock surging

Meanwhile, Service Stream said it had secured $1.6 billion worth of work to provide property and asset services across 113 Defence sites across South Australia and the Northern Territory.

"The business will perform and support estate upkeep, land management, aerodrome operations, and training area and range management services,'' the company said.

Macquarie is forecasting a 12-month total shareholder return of 14% for Downer EDI and 26% for Service Stream. 

Service Stream shares piled on 13% to be trading at $2.26 on Thursday, while Downer stock was up 1.2% at $7.

The post Shares flying after billions in new Defence contracts announced appeared first on The Motley Fool Australia.

Key themes across the sector include strong iron ore activity and renewables demand, with companies generally forecasting ongoing profit growth in the year ahead.

Macquarie also said balance sheets were in good shape, with a number of buybacks on foot, and Downer EDI Limited (ASX: DOW) announcing a new buyback.

Macquarie has upgraded Downer EDI to outperform from neutral and is predicting a total shareholder return of 14% over the next 12 months.

The analysts at Macquarie say there are a number of potential near-term catalysts for the stock, including defence estate renewals, with decisions on that expected by the end of this month, and power and transmission contract wins.

At MAAS Group Holdings (ASX: MGH), Macquarie says the outlook is improving, with growth expected in civil construction and hire, while there would also be tailwinds from residential land sales.

Macquarie is expecting 17% total shareholder returns from MAAS.

Meanwhile, Macquarie is expecting 15% returns from the $7.3 billion Worley Limited (ASX: WOR), where analysts said the growth guidance was "better than feared and (the) stock is screening well on a valuation basis, trading at double digit discount on price/earnings basis''.

Top pick in the sector

Macquarie's most bullish forecast was for a 26% total shareholder return over the next year from the $1.2 billion Service Stream Limited (ASX: SSM).

"Strategic M&A remains a focus, and outcome of Defence tender expected by end of September,'' Macquarie said.  

The post Macquarie predicts 17% and 26% upside for these ASX All Ords professional services stocks appeared first on The Motley Fool Australia.

In determining which sector did best last week, the measure of success was simply which one fell the least.

That was industrials, which slipped 0.53%. The industrials sector is considered a defensive play for investors.

The materials sector was the second-best performer, down 0.73%.

ASX 200 materials stocks were supported by the gold price surging to a new record high of US$3,593.20 per ounce during the week.

The benchmark S&P/ASX 200 Index (ASX: XJO) lost 1.14% of its value over the five trading days. It closed out the week at 8,871.2 points.

IG market analyst Tony Sycamore blamed surging bond yields for the ASX 200's decline.

Sycamore said (courtesy news.com.au):

The decline is primarily driven by surging bond yields and the return of the bond vigilantes, fuelled by concerns over large fiscal deficits, central banks cutting rates into persistent inflation and President Trump's dovish reshaping of the US Federal Reserve.

Better-than-expected Australian GDP growth in the June quarter likely also contributed to the sell-off, as it reduced the case for a rate cut.

Let's look at how the ASX 200 industrial sector's biggest companies performed last week.

Industrials led the ASX 200 sectors last week

The industrials sector's largest stock, Transurban Group Ltd (ASX: TCL), fell 1.58% to finish at $14.37 per share on Friday.

The Brambles Ltd (ASX: BXB) share price lifted 2.35% to close at $26.56.

Computershare Ltd (ASX: CPU) shares fell 1.86% to $37.46.

SGH Ltd (ASX: SGH) shares lost 2.18% to close at $49.41 on Friday.

ASX 200 airline share Qantas Airways Ltd (ASX: QAN) rose 0.85% to $11.85.

Auckland International Airport Limited (ASX: AIA) shares lost 0.15% to $6.82.

The ALS Ltd (ASX: ALQ) share price rose 1.18% to $18.81.

Worley Ltd (ASX: WOR) shares lost 0.2% to close at $14.66 on Friday.

Qube Holdings Ltd (ASX: QUB) shares tumbled 2.38% to $4.10.

The Reece Ltd (ASX: REH) share price fell 6.63% to close out the week at $10.42.

Cleanaway Waste Management Ltd (ASX: CWY) shares declined 0.72% to $2.76 per share.

Aurizon Holdings Ltd (ASX: AZJ) shares fell 1.85% to $3.18.

Downer EDI Ltd (ASX: DOW) shares fell 3.73% to $6.96 apiece.

The Ventia Services Group Ltd (ASX: VNT) share price dropped 4.41% to $5.20.

The Austal Ltd (ASX: ASB) share price lifted 5.28% to $8.18.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

Looking for investment inspiration?

Check out Macquarie's top ASX 200 share picks in each of the 11 market sectors post-earnings season.

The post Every ASX 200 sector closed in the red last week. Here's why appeared first on The Motley Fool Australia.

Investors looking for value in an expensive market often turn to stocks that have declined from their peak. 

Indeed, investors have become accustomed to look for buy the dip opportunities. 

A recent example is CSL Ltd (ASX: CSL). Prior to its FY25 result, the healthcare giant was already favoured among ASX inventors as an attractively valued stock. 

However, since releasing its FY25 result, which triggered the sharpest one day share price decline since the company listed in 1999,  investor interest in the company has skyrocketed. While brokers have cut their price targets, the majority of experts maintain that the stock is undervalued.

Is buying the dip the only strategy?

Buying the dip is likely to have worked out very well so far for investors who adopted this investment strategy in April. 

Since 7 April, the S&P/ASX 200 Index (ASX: XJO) has rallied more than 20%. 

While the tariff-induced sell-off now seems like a distant memory, investors who took advantage of the sell-off are likely sitting much wealthier today. 

However, buying the dip isn't the only strategy that investors can adopt to find undervalued opportunities. 

Just because an ASX 200 stock has momentum behind it, doesn't mean it's not attractively valued. 

Macquarie upgrades Downer EDI

One ASX 200 stock with momentum behind it and potential to continue delivering market-beating returns is Downer EDI (ASX: DOW).

Downer EDI provides integrated infrastructure and facilities services across Australia and New Zealand. This includes, the design, construction, and maintenance of roads, rail, utilities, and other essential services for both public and private sectors. 

It is dual listed on the Australian Securities Exchange (ASX) and the New Zealand Stock Exchange (NZX). 

This week, Macquarie Group Ltd (ASX: MQG) upgraded its rating from neutral to outperform. That comes, despite the stock already rising 30% for the year to date. 

The broker has placed a price target of $7.90 on the stock. Given that shares are trading for $6.90 at the time of writing, that suggests 15% upside from here over the next 12 months. 

That includes both dividends and capital gains. Downer EDI shares currently have a dividend yield of around 3.5%. 

A 15% return is well ahead of the long-time average of the Australian share market. According to the recently released Vanguard Index Chart 2025, Australian shares have averaged a 9.3% return over the past 30 years.

Behind Macquarie's view, the broker said Downer EDI had over-delivered on its cost-out programme, with $213 million achieved. Macquarie also sees opportunity for further margin improvement ahead.

Additionally, the broker also said:

Medium term, DOW is focused on driving (profitable) revenue growth and should benefit from growth across power/transmission, social housing, defence, road maint, rail and a gradually recovering NZ market.

Macquarie expects Downer EDI to grow earnings at a CAGR of 9% over the next 3 years. The broker also believes the company's strong balance sheet will continue to support a 4% dividend yield and 5% buyback.

The post The ASX 200 stock has already surged 30% this year. Macquarie just upgraded it to outperform appeared first on The Motley Fool Australia.

The following list of ASX shares revealed share buyback programs alongside their latest financial results during earnings season.

Companies may decide to run a share buyback if their profits have been especially strong or they have excess cash on their books.

Sometimes, a company may want to take advantage of a weaker share price, too.

A share buyback is a form of capital management whereby an ASX company repurchases some of its shares from shareholders.

Once the buyback program is complete, the company cancels the repurchased shares.

This reduces the overall pool of issued stock, which means future profits are spread across fewer shares.

As a result, earnings per share (EPS), long-term return on equity (ROE), and future dividends are enhanced on a per-share basis.

This benefits investors, and it's why a company's share price will usually rise when it announces a buyback.

9 ASX shares commencing share buybacks

Let's look at some of the ASX shares that announced new share buyback programs alongside their latest financial results.

CSL Ltd (ASX: CSL)

The CSL share price is $207.98 on Thursday, up 0.7%.

CSL announced a multi-year buyback program that will target US$500 million in the 2026 financial year.

The company will get better value for money after a 23% decline in its share price following its FY25 report.

According to Macquarie's data, CSL shares are now trading on a forward price-to-earnings (P/E) ratio of 19.1x.

This is not only below the current market average P/E but also 2.3 standard deviations lower than the historical norm for CSL shares.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.83, down 0.3% at the time of writing.

Telstra announced an on-market share buyback of up to $1 billion last month.

The company said:

This has been enabled by growth in earnings, and the strength of our balance sheet.

The new buyback follows the completion of a $750 million on-market buyback completed in June.

G8 Education Ltd (ASX: GEM)

The G8 Education share price is 82 cents, up 0.25%.

The child care centre operator announced a further on-market share buyback of up to 5% of issued capital starting from mid-September.

This follows an earlier buyback program between September 2024 and June 2025, during which time G8 Education reacquired 37.9 million shares for about $50 million.

G8 Education CEO and Managing Director Pejman Okhovat said the share buybacks reflect "our ongoing dedication to returning value to investors and prudent capital management".

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine Estates share price is $7.82 on Thursday, down 0.4%.

Treasury Wine Estates announced an on-market buyback of up to $200 million for FY26. 

The ASX wine share has lost 30% of its value in the year to date. This contributed to the board's decision to run a share buyback.

Treasury Wine said the buyback:

Reflects the Board's confidence in TWE's Luxury-led strategy, financial strength and long-term outlook, in addition to the Board's belief that the Company's shares are materially undervalued.

Suncorp Group Ltd (ASX: SUN)

The Suncorp share price is $21.01, up 0.65%.

The insurance giant announced an on-market share buyback of up to $400 million to begin this month.

Suncorp CFO Jeremy Robson said:

Going forwards, capital excess to our needs is expected to be returned to shareholders in the form of ongoing buybacks.

Aurizon Holdings Ltd (ASX: AZJ)

The Aurizon share price is $3.19 on Thursday, up 0.2%.

Aurizon announced another buyback of up to $150 million for FY26 following completion of a $300 million program in FY25.

Ventia Services Group Ltd (ASX: VNT)

The Ventia Services share price is $5.21 on Thursday, up 0.5%.

The company said it would increase its current share buyback program by $50 million to $150 million due to its strong balance sheet.

Ventia Services CFO Mark Fleming said:

Our strong balance sheet and reliable cash flow have enabled us to return capital to shareholders, while maintaining financial flexibility.

With our buyback program progressing well and leverage at the low end of our range, we are pleased to announce an increase in our buyback program by $50 million to $150 million in 2025. We will continue to evaluate capital management options based on performance and market conditions.

Brambles Ltd (ASX: BXB)

The Brambles share price is $26.09 on Thursday, up 0.6%.

Brambles announced a new share buyback of up to US$400 million in FY26 after completing a US$403 million buyback in FY25.

Downer EDI Ltd (ASX: DOW)

The Downer EDI Ltd share price is $6.86, down 0.5%.

Downer EDI announced an on-market share buyback of up to $230 million, or about 5% of the current stock on issue.

The company's Managing Director and CEO, Peter Tompkins, said:

The on-market share buy-back announced today of up to $230 million, alongside delivery of dividend growth
and an increased payout ratio target range, are signals of our improving operational performance.

Other types of capital return

Other ASX companies also revealed extra capital returns to shareholders last month, but in a different way than share buybacks.

Check out which ASX shares announced special dividends this earnings season.

The post Which ASX companies announced share buybacks during earnings season? appeared first on The Motley Fool Australia.

To receive an ASX share's dividend, you must buy or already own the stock before its ex-dividend day.

Next week, a large number of ASX shares will go ex-dividend.

We provide a sample of those ASX shares below.

If you want to buy any of these ASX shares while they are still trading cum dividend, time is running out!

30 ASX shares about to go ex-dividend

The post 30 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

The ASX 200 closed at a new peak of 9,019.1 points today, up 1.13%.

ASX 200 industrial shares led the market higher, rising 3.43%.

Consumer staples and consumer discretionary shares also had a good day, with both sectors up by more than 2%.

A large group of individual ASX shares hit new price peaks today.

16 ASX 200 shares also reached price peaks today

Here is a sample of the stocks that hit new multi-year price highs today.

Westpac Banking Corp (ASX: WBC)

The market's second biggest bank share lifted to a 10-year high of $38.80.

Wesfarmers Ltd (ASX: WES)

The largest ASX 200 consumer discretionary share lifted to a record $94.76 on Thursday.

Telstra Group Ltd (ASX: TLS)

The Telstra share price leapt to an 8-year high of $5.02 today.

Transurban Group (ASX: TCL)

This ASX 200 industrial share ascended to a 2-year high of $14.77.

Brambles Ltd (ASX: BXB)

Fellow industrial share, Brambles, reached an all-time record of $26.26.

Charter Hall Group (ASX: CHC)

This ASX 200 real estate investment trust (REIT) smashed a new record high of $23.44 today.

GPT Group (ASX: GPT)

Another ASX property share, GPT Group, rose to a 3-year high of $5.56 on Thursday.

Newmont Corporation CDI (ASX: NEM)

This ASX 200 gold share lifted to an all-time peak of $107.39 today.

Orica Ltd (ASX: ORI)

Stock in this explosives manufacturer rose to a five-year high of $21.89 today.

ResMed CDI (ASX: RMD)

The Resmed share price ascended to a record high of $45.20 on Thursday.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price soared to an 11-year peak of $13.07 today.

The ASX 200 utilities share is up 30% over the past year. Can it keep rising?

Super Retail Group Ltd (ASX: SUL)

This ASX retail share lifted to an all-time peak of $20.20 after the company released its FY25 results.

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price rose to a record $22.67 on Thursday.

Codan Ltd (ASX: CDA)

This ASX 200 tech share lifted to a record $26.89 today.

Downer EDI Ltd (ASX: DOW)

The Downer share price hit a five-year high of $7.43 today after the company released its FY25 results.

The Lottery Corporation Ltd (ASX: TLC)

The ASX gaming share lifted to a record high of $5.86 on Thursday.

The Lottery Corporation released its FY25 results yesterday.

The post 16 ASX 200 shares roar to multi-year highs amid new market milestone appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.