Building Products

In December, existing home sales ran at a seasonally adjusted annual rate of 5.28 million. That pace is 12.3% higher than in November, but 2.9% below the year-ago rate. The year-ago rate of 5.44 million was inflated as everyone was rushing to get the deals done before they thought the first-time...

Apogee Enterprises, Inc. (Nasdaq: APOG) today announced that Chairman and Chief Executive Officer Russell Huffer will retire, pending the naming of a successor. The board of directors of Apogee will immediately initiate a national search for his successor. He will remain CEO until the search is...

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that its Electronic Systems Division has been awarded a contract from the US Customs and Border Protection to supply Mobile Surveillance Capability Systems. The award includes the MSC System and...

Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a...

Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a...

We reiterate our 'Neutral' recommendation on The Home Depot Inc. (HD). The company has been able to optimize capital allocation and concentrate on core business activities by following the strategy of shutting down underperforming stores. However, relentless job losses and a consequent check on...

We reiterate our 'Neutral' recommendation on The Home Depot Inc. (HD). The company has been able to optimize capital allocation and concentrate on core business activities by following the strategy of shutting down underperforming stores. However, relentless job losses and a consequent check on...

The Manitowoc Company Inc. (MTW) completed the divestiture of Kysor/Warren and Kysor/Warren de Mexico (“Kysor/Warren”) to Lennox International (LII). The divestiture, announced on December 15, 2010, fetched $138 million for Manitowoc. Kysor/Warren is a leading producer of refrigerated display...

The Manitowoc Company Inc. (MTW) completed the divestiture of Kysor/Warren and Kysor/Warren de Mexico (“Kysor/Warren”) to Lennox International (LII). The divestiture, announced on December 15, 2010, fetched $138 million for Manitowoc. Kysor/Warren is a leading producer of refrigerated display...

Griffon Corporation's (GFF) MACD indicator has entered into bearish territory with a reading of -0.0850. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $11.98 in morning trade. The Zacks Consensus Estimate for the year ending September 2011 has decreased by 6 cents over the past two...

Griffon Corporation's (GFF) MACD indicator has entered into bearish territory with a reading of -0.0850. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $11.98 in morning trade. The Zacks Consensus Estimate for the year ending September 2011 has decreased by 6 cents over the past two...

Jewett-Cameron Trading Company Ltd. (Nasdaq: JCTCF) today is pleased to announce that its Board of Directors has authorized the implementation of a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock Market. This amount represents...

Jewett-Cameron Trading Company Ltd. (Nasdaq: JCTCF) today reported financial results for the first quarter of fiscal 2011 ended November 30, 2010. Sales for the first quarter of fiscal 2011 totaled $6.08 million compared to sales of $7.37 million for the first quarter of fiscal 2010. For the...

Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alliance Holdings (AHGP) Amer Oriental Bioengineering (AOB) Amer Woodmark Corp (AMWD) Ashford Hospitality Trust Inc (AHT) Assured Guaranty Ltd (AGO) View the entire Zacks #5 Rank List. ASSURED GUARNTY (AGO): Free Stock...

Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alliance Holdings (AHGP) Amer Oriental Bioengineering (AOB) Amer Woodmark Corp (AMWD) Ashford Hospitality Trust Inc (AHT) Assured Guaranty Ltd (AGO) View the entire Zacks #5 Rank List. ASSURED GUARNTY (AGO): Free Stock...