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Universal Forest Products Shares Fall 8.2% After-Hours
Friday, June 24, 2011 - 4:13pm | 148Universal Forest Products (Nasdaq: UFPI) today announced measures to align its costs with its current business, primarily due to significantly weaker-than-expected sales in the first five months of the year. Specifically, from the same period of 2010, year-to-date net sales through May 2011 were...
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UFPI Announces Measures to Align Costs with Current Business
Friday, June 24, 2011 - 4:08pm | 202Universal Forest Products (Nasdaq: UFPI) today announced measures to align its costs with its current business, primarily due to significantly weaker-than-expected sales in the first five months of the year. Specifically, from the same period of 2010, year-to-date net sales through May 2011 were...
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Piper Jaffray Adjusts Apogee FY12 Sales Projection
Thursday, June 23, 2011 - 8:14am | 101Piper Jaffray is adjusting its Apogee Enterprises, Inc. (NASDAQ: APOG) sales projection for FY12 upward “given the higher guidance management offered while slightly lowering our GM view for the year based on previously mentioned higher-than-expected transportation and material costs.” “The net...
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Benzinga's Volume Movers
Wednesday, June 22, 2011 - 10:29am | 141AeroVironment Inc (NASDAQ: AVAV) shares surged 19.71% to $34.25 at 10:22 am. The volume of AVAV shares traded was 1368% higher than normal. AVAV reported upbeat Q4 profit. ZAGG Incorporated (NASDAQ: ZAGG) shares moved up 8.58% to $13.68. The volume of ZAGG shares traded was 431% higher than normal...
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Piper Jaffray Neutral On Apogee Enterprises
Wednesday, June 22, 2011 - 7:50am | 141Piper Jaffray has a Neutral rating and a $14 price target Apogee Enterprises, Inc. (NASDAQ: APOG). In a note to clients, Piper Jaffray writes, "Apogee's 1QFY12 results were slightly above our expectations as revenue was up 7.2% y/y, while gross margin remained constrained at 15.4%. Architectural...
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OCZ Technology Group Up Nearly 4% In Early Trade
Tuesday, June 21, 2011 - 9:39am | 123OCZ Technology Group Inc. (NASDAQ: OCZ) shares are performing well today, up almost 4% after Sterne Agee initiated coverage on the name with a $12 price target. Sterne Agee likes the solid state drive (SSD) space, in which OCZ Technology Group operates in. Fusion-Io (NYSE: FIO) is also in this...
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Universal Forest Products Announces Resignation of CEO Michael B. Glenn
Tuesday, June 21, 2011 - 7:51am | 77Universal Forest Products, Inc. (Nasdaq: UFPI) today announced that its Board of Directors has accepted the resignation of Chief Executive Officer Michael B. Glenn, which he tendered for health reasons and to make way for new leadership to “build on Universal's strengths and prepare for future...
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Earnings Scheduled For June 21
Tuesday, June 21, 2011 - 12:20am | 331Jabil Circuit Inc (NYSE: JBL) is projected to report its FQ3 earnings at $0.57 per share on revenue of $4.14 billion. Barnes & Noble Inc (NYSE: BKS) is estimated to post a FQ4 loss at $0.91 per share on revenue of $1.39 billion. Commercial Metals Company (NYSE: CMC) is expected to report its...
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Top 4 Small-Cap Stocks In The General Building Materials Industry With The Lowest PEG Ratio
Tuesday, June 21, 2011 - 12:17am | 118Below are the top small-cap general building materials stocks on the NYSE and the NASDAQ in terms of PEG ratio LSB Industries Inc (NYSE: LXU) has a PEG ratio of 1.19. LXU's trailing-twelve-month ROE is 25.88%. Amcol International Corporation (NYSE: ACO) has a PEG ratio of 1.36. ACO's trailing-...
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Friday's Put/Call Ratio Leaders
Friday, June 17, 2011 - 12:29pm | 84Here are today's Put/Call Ratio leaders… 1. Eagle Bulk Shipping Inc. (NASDAQ: EGLE) 9,990 puts, 11 calls 2. Ralcorp Holdings Inc. (NYSE: RAH) 5,485 puts, 80 calls 3. Energy Transfer Equity LP (NYSE: ETE) 2,740 puts, 91 calls 4. NetLogic Microsystems Inc. (NASDAQ: NETL) 3,192 puts, 107 calls 5....
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Fear on the Rise 06-16-2011
Thursday, June 16, 2011 - 6:56pm | 975Cusick's Corner Support held into the close and the After Hours finished in the green. Quad Witching is tomorrow where the options and futures all expire and the European options actually settle in the morning so there could be some maneuvering early based on the settlement. There is a lot of work...
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Top 4 Stocks In The Home Improvement Stores Industry With The Highest Cash
Thursday, June 16, 2011 - 1:00am | 136Below are the top home improvement stores stocks on the NYSE and the NASDAQ in terms of cash. Lowe's Companies Inc (NYSE: LOW) had $1.84 billion in total cash and $6.58 billion in total debt for the latest quarter. Home Depot Inc (The) (NYSE: HD) had $1.81 billion in total cash and $10.76 billion...
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UPDATE: FBN Initiates OCZ Technology at Outperform
Tuesday, June 14, 2011 - 8:03am | 94FBN is out with its report today on OCZ Technology (NASDAQ: OCZ), initiating OCZ at Outperform. In a note to clients, FBN writes, "We are initiating coverage of OCZ Technology with an Outperform rating and $10 PT. OCZ is a pure-play in the fast-growing (33% CAGR) solid-state disk (SSD) market,...
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Market Roundup
Monday, June 13, 2011 - 10:19am | 403Shares of EMS Technologies Inc (NASDAQ: ELMG) surged about 32.5% after Honeywell International Inc (NYSE: HON) announced its plans to buy EMS Technologies for around $491 million. The purchase price values EMS at $33 per share, representing a 72% premium to the stock's three-month trading average....
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Earnings Scheduled For June 13
Monday, June 13, 2011 - 4:30am | 66Quanex Building Products Corp (NYSE: NX) is expected to report its FQ2 EPS at $0.11 on revenue of $195.96 million. Motorcar Parts of America Inc (NASDAQ: MPAA) is projected to post its Q4 EPS at $0.25 on revenue of $40.42 million. Read more from Benzinga's Markets.