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:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA