Building Products

In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals done before they thought the first-time...

We recently upgraded Universal Forest Products Inc. (UFPI) from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built...

We recently upgraded Universal Forest Products Inc. (UFPI) from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built...

China Architectural Engineering, Inc. (Nasdaq: CAEI) today announced that the Company completed its previously announced 1-for-4 reverse stock split of its common stock effective as of 12:01 am EST on December 21, 2010. CAE's common stock will continue to trade on the NASDAQ Global Select Market...

China Architectural Engineering Inc. (CAEI) announced a one-for-four (1-for-4) reverse split of its common stock in a bid to push up its trading price above the $1 benchmark to avoid delisting on the NASDAQ Stock Market.   The reverse stock split, effective December 21, 2010, will reduce China...

China Architectural Engineering Inc. (CAEI) announced a one-for-four (1-for-4) reverse split of its common stock in a bid to push up its trading price above the $1 benchmark to avoid delisting on the NASDAQ Stock Market.   The reverse stock split, effective December 21, 2010, will reduce China...

"Founded in 1938, Owens Corning (OC) is a leading manufacturer of building products, including insulation, roofing products, and composite materials; the stock looks quite cheap, particularly for a company with such a strong business franchise in a temporarily depressed sector," says George Putnam...

Patrick Industries, Inc. (Nasdaq: PATK) announced today that it has entered into a fifth amendment to its senior secured credit agreement dated May 18, 2007. The Fifth Amendment includes the modification of certain definitions, terms and reporting requirements and extends the revolving termination...

Below are the top small-cap lumber, wood production stocks on the NYSE and the NASDAQ in terms of dividend yield. Koppers Holdings Inc (NYSE: KOP) has a dividend yield of 2.80%. KOP's shares closed at $35.54 on Friday. American Woodmark Corporation (NASDAQ: AMWD) has a dividend yield of 1.50%. AMWD...

Manitowoc Co. Inc. (MTW) has decided to divest its Kysor/Warren and Kysor/Warren de Mexico businesses to Lennox International Inc. (LII) for approximately $138 million, subject to a post-closing working capital adjustment. Kysor/Warren is a leading producer of refrigerated display merchandisers...

Manitowoc Co. Inc. (MTW) has decided to divest its Kysor/Warren and Kysor/Warren de Mexico businesses to Lennox International Inc. (LII) for approximately $138 million, subject to a post-closing working capital adjustment. Kysor/Warren is a leading producer of refrigerated display merchandisers...

Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down 5.8%. Quite frankly, a...

Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down 5.8%. Quite frankly, a...

Apogee Enterprises Inc. (APOG) reported third-quarter fiscal 2011 operating loss of 8 cents per share compared with operating earnings of 39 cents in the year-ago quarter. The operating loss per share in the reported quarter was an improvement over the Zacks Consensus Estimate of a loss of 10...

Apogee Enterprises Inc. (APOG) reported third-quarter fiscal 2011 operating loss of 8 cents per share compared with operating earnings of 39 cents in the year-ago quarter. The operating loss per share in the reported quarter was an improvement over the Zacks Consensus Estimate of a loss of 10...