NEW YORK, January 6, 2017 /PRNewswire/ --
This morning, Stock-Callers.com turns investors' attention to the Industrial Goods sector which includes manufacturers and distributors of capital goods such as aerospace and defense, building products, electrical equipment, and machinery. It also includes providers of services including transportation, construction, engineering, and printing. Four equities have been selected for review today and they are: Weyerhaeuser Co. (NYSE: WY), Tenaris S.A. (NYSE: TS), Allegheny Technologies Inc. (NYSE: ATI), and Constellium N.V. (NYSE: CSTM). You can access our complimentary research reports on these stocks now at:
Federal Way, Washington-based Weyerhaeuser Co.'s shares climbed 1.04%, closing Thursday's trading session at $30.95. The stock recorded a trading volume of 3.55 million shares. Shares of the Company have advanced 2.03% in the previous three months and 2.86% since the start of this year. The stock is trading 0.98% above its 50-day moving average and 1.30% above its 200-day moving average. Additionally, shares of Weyerhaeuser, which primarily invests in US, have a Relative Strength Index (RSI) of 53.82.
On December 15th, 2016, research firm CLSA downgraded the Company's stock rating from 'Outperform' to 'Underperform'.
On January 03rd, 2017, Weyerhaeuser announced that it will release Q4 2016 results on February 03rd, 2017, before the market opens. The company will hold a live webcast and conference call at 10 a.m. ET the same day to discuss results. Visit us today and download your complete report on WY for free at:
On Thursday, Luxembourg headquartered Tenaris S.A.'s stock recorded a trading volume of 1.47 million shares, and ended flat at $36.09. The Company's shares have advanced 5.28% in the last month, 24.53% over the previous three months, and 1.06% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 12.55% and 28.66%, respectively. Furthermore, shares of Tenaris, which through its subsidiaries, manufactures and distributes steel pipe products and other related services for the oil and gas industry, and other industrial applications, have an RSI of 72.27.
On December 15th, 2016, Tenaris announced that it has entered into a definitive agreement with Nucor Corporation pursuant to which it will sell its steel electric conduit business in North America, known as Republic Conduit, to Nucor for US$ 335 million on a cash free, debt-free basis. The agreement is subject to US antitrust clearance and other customary conditions and is expected to close during January 2017. The complimentary research report on TS can be accessed at:
Pittsburgh, Pennsylvania headquartered Allegheny Technologies Inc.'s stock finished the day 3.98% lower at $16.63 with a total trading volume of 1.76 million shares. The Company's shares have gained 4.39% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.47% and 5.25%, respectively. Additionally, shares of Allegheny Technologies, which produces and sells specialty materials and components worldwide, have an RSI of 50.86.
On December 01st, 2016, Allegheny Technologies announced that its Board of Directors has decided to suspend its quarterly dividend effective immediately. Rich Harshman, Chairman, President, and CEO stated: "As earnings improve in 2017 and beyond, the resulting annual free cash flow, after necessary capital expenditures, will be used primarily to reduce debt, improve the funded position of the Company's defined benefit pension plan, and improve liquidity. We are focused on creating long-term shareholder value by returning ATI to sustainable profitability, strengthening our balance sheet, and restoring and maintaining financial flexibility and strong liquidity." He further added: "In support of these objectives, ATI's Board of Directors has decided to suspend the quarterly dividend beginning in the fourth quarter 2016."
Yesterday, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $19 a share to $18 a share. Register for free on Stock-Callers.com and download the PDF research report on ATI at:
Shares in Schiphol-Rijk, the Netherlands headquartered Constellium N.V. ended yesterday's session flat at $6.30. The stock recorded a trading volume of 369,525 shares. The Company's shares have advanced 6.78% since the start of this year. The stock is trading 5.05% above its 50-day moving average and 10.13% above its 200-day moving average. Moreover, shares of Constellium, which engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets, have an RSI of 58.21.
On December 05th, 2016, Constellium announced that its subsidiaries, Wise Metals Intermediate Holdings LLC and Wise Holdings Finance Corporation, completed the redemption of all their 9¾% / 10½% Senior PIK Toggle Notes due 2019, pursuant to the terms of the indenture governing the Notes. The redemption price for the Notes was approximately $173 million, including accrued and unpaid interest and was paid with cash on hand. Get free access to your research report on CSTM at:
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