How These Industrial Goods Stocks are Faring? -- Weyerhaeuser, Illinois Tool Works, Cummins, and Capstone Turbine
NEW YORK, November 18, 2016 /PRNewswire/ --
Stock-Callers.com is currently assessing the performances of four Industrial Goods equities to see how they have fared over the last few trading sessions: Weyerhaeuser Co. (NYSE: WY), Illinois Tool Works Inc. (NYSE: ITW), Cummins Inc. (NYSE: CMI), and Capstone Turbine Corp. (NASDAQ: CPST). On November 10, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector due to a slightly improving but uneven global manufacturing environment. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Weyerhaeuser
Federal Way, Washington-based Weyerhaeuser Co.'s stock finished Thursday's session 0.30% lower at $30.05 with a total volume of 4.26 million shares traded. Shares of the Company, which primarily invests in US, are trading at a PE ratio of 53.85. The Company's shares are trading above its 200-day moving average by 1.58%. Weyerhaeuser's stock has a Relative Strength Index (RSI) of 51.91.
On November 1st, 2016, Weyerhaeuser announced the completion of the sales of North Pacific Paper Co., the company's printing papers business, to an affiliate of One Rock Capital Partners, LLC. The transaction includes the printing papers mill located in Longview, Washington. Weyerhaeuser expects to use a substantial portion of the after-tax proceeds for the repayment of debt. Terms of the sale were not disclosed. Access our complete research report on WY for free at:
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Illinois Tool Works
Glenview, Illinois headquartered Illinois Tool Works Inc.'s stock edged 0.39% lower, to close the day at $124.09. The stock recorded a trading volume of 1.16 million shares. Illinois Tool Works' shares have gained 7.23% in the last one month, 4.29% in the previous three months, and 38.51% in the past one year. Shares of the Company, which manufactures and sells industrial products and equipment worldwide, are trading 6.00% and 14.97% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 22.62 and has an RSI of 70.07.
As per notes filed with the SEC on November 4th, 2016, Illinois Tool Works entered into an underwriting agreement on October 31st, 2016, with J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as representatives of the several underwriters listed therein, pursuant to which the Company agreed to sell and the Underwriters agreed to purchase, subject to and upon terms and conditions set forth therein, $1,000,000,000 in aggregate principal amount of 2.650% notes due November 15th, 2026. The complimentary research report on ITW can be downloaded at:
http://stock-callers.com/registration/?symbol=ITW
Cummins
On Thursday, shares in Columbus, Indiana headquartered Cummins Inc. ended the session 1.05% lower at $135.43 with a total volume of 1.08 million shares traded. Cummins' shares have gained 5.56% in the last one month, 7.37% in the previous three months, and 41.41% in the past one year. Shares of the Company, which designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products, are trading at a PE ratio of 19.62. The stock is trading 7.56% above its 50-day moving average and 17.49% above its 200-day moving average. Moreover, shares of the Company have an RSI of 62.61.
On November 2nd, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $103 a share to $109 a share.
As per notes filed with the SEC on November 17th, 2016, Cummins received notice on November 15th, 2016, that Marsha L. Hunt, the Company's Vice President - Corporate Controller and its Principal Accounting Officer, will leave employment with the Company on or before June 30th, 2017 to accept an appointment to the Financial Accounting Standards Board commencing on July 1st, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on CMI at:
http://stock-callers.com/registration/?symbol=CMI
Capstone Turbine
On Thursday, shares in Chatsworth, California headquartered Capstone Turbine Corp. recorded a trading volume of 401,577 shares. The stock ended the day 1.29% lower at $0.91. The Company is trading below its 50-day and 200-day moving averages by 23.28% and 35.09%, respectively. Furthermore, shares of Capstone Turbine, which develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide, have an RSI of 39.70.
On November 14th, 2016, Capstone Turbine announced that it received an order for a C1000 Signature Series microturbine complete with five integrated hot water heat recovery modules. RSP Systems, Capstone's distributor for greater New York area and Connecticut, secured the order, which is scheduled to ship in March and to be commissioned in late 2017. Capstone's microturbines were selected for their ultra low emissions and ability to reduce the manufacturer's operational costs while also providing reliable backup power. Download your free research report on CPST at:
http://stock-callers.com/registration/?symbol=CPST
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