NEW YORK, September 20, 2016 /PRNewswire/ --
Operators in the General Building Materials space derive most of their revenues from the manufacture, distribution, and sales of building materials and construction products. These companies belong to the Industrial Goods sector, and offer average dividend yields. This morning, Stock-Callers.com has issued research reports on the following equities: NCI Building Systems Inc. (NYSE: NCS), Beacon Roofing Supply Inc. (NASDAQ: BECN), Martin Marietta Materials Inc. (NYSE: MLM), and Headwaters Inc. (NYSE: HW). Register now and get full and free access to our downloadable research reports on these stocks at:
NCI Building Systems
On Monday, shares in Houston, Texas headquartered NCI Building Systems Inc. recorded a trading volume of 1.08 million shares, which was above their three months average volume of 754,160 shares. The stock ended the session 0.07% lower at $14.68. The Company's shares have gained 18.29% on an YTD basis. The stock is trading 4.72% above its 200-day moving average. Moreover, shares of NCI Building Systems, which together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America, have a Relative Strength Index (RSI) of 38.60.
On September 8th, 2016, NCI Building Systems announced that its Board of Directors has authorized a new stock repurchase program for up to an aggregate of $50.0 million of the company's outstanding common stock. As of July 2016, the company had repurchased $56.3 million of its common stock under the previously announced stock repurchase program, which was the maximum amount authorized. Access our complete research report on NCS for free at:
Beacon Roofing Supply
Herndon, Virginia headquartered Beacon Roofing Supply Inc.'s stock closed the day 1.19% higher at $40.65, with a total trading volume of 371,748 shares. Shares of the Company, which together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, building owners, and other resellers, are trading 3.66% below their 200-day moving average. The stock has an RSI of 23.19. The complimentary research report on BECN can be downloaded at:
Martin Marietta Materials
Shares in Raleigh, North Carolina headquartered Martin Marietta Materials Inc. recorded a trading volume of 487,679 shares. The stock ended yesterday's trading session 0.59% higher at $174.97. The Company's shares have advanced 29.02% since the start of this year. The stock is trading above its 200-day moving average by 5.57%. Furthermore, shares of Martin Marietta Materials, which together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the US and internationally, have an RSI of 32.74.
On August 22nd, 2016, Martin Marietta Materials announced that its Board of Directors approved a 5% increase in the quarterly cash dividend to $0.42 per share on its common stock. This dividend, which represents a cash dividend of $1.68 per share on an annualized basis, is payable September 30th, 2016, to shareholders of record at the close of business on September 1st, 2016. Register for free on Stock-Callers.com and get access to the latest PDF format report on MLM at:
South Jordan, Utah headquartered Headwaters Inc.'s stock finished Monday's session 1.83% higher at $16.65, with a total trading volume of 551,891 shares. Shares of the Company, which provides products and services to building and construction materials sectors primarily in the US and Canada, are trading below their 200-day moving average by 7.73%. The stock has an RSI of 33.44.
On August 23rd, 2016, Headwaters announced the closing of its acquisition of Krestmark Industries and the associated financing. On August 19th, 2016, Headwaters closed the acquisition of substantially all of the assets of Krestmark Industries for a purchase price of $240 million. Headwaters obtained an incremental senior secured term loan in the aggregate principal amount of $350.0 million to finance the Krestmark acquisition and to redeem all of Headwaters' outstanding 7-1/4% Senior Notes due 2019.
On September 13th, 2016, research firm Jefferies initiated a 'Buy' rating on the Company's stock, issuing a target price of $21 per share. Download your free research report on HW at:
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