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Top 4 Mid-Cap Stocks In The Metal Fabrication Industry With The Highest Cash (ATI, X, VMI, RS)
Thursday, May 12, 2011 - 3:23am | 138Below are the top mid-cap metal fabrication stocks on the NYSE and the NASDAQ in terms of cash. Allegheny Technologies Inc (NYSE: ATI) had $816.30 million in total cash and $1.56 billion in total debt for the latest quarter. United States Steel Corporation (NYSE: X) had $421.00 million in total...
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Hudson Securities Coverage Suspension
Wednesday, May 11, 2011 - 5:03pm | 222Hudson Securities suspended coverage on the following companies, effective immediately: Albany International (NYSE: AIN), Ametek (NYSE: AME), A.O. Smith (NYSE: AOS), AZZ (NYSE: AZZ), Briggs & Stratton (OTC: BGG), Digital Ally (NASDAQ: DGLY), Franklin Electric (NASDAQ: FELE), Federal Signal (...
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Harsco Extends Railway Track Maintenance Services in the UK Under $50M Contract
Wednesday, May 11, 2011 - 3:09pm | 47Harsco Corporation (NYSE: HSC) announced today that its Harsco Rail unit has received a significant four-year extension of its contract services program in the UK under an award from Network Rail estimated at more than $50 million over its duration.
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Met-Pro Corporation's Subsidiary Receives Equipment Order Totaling Approximately $550,000
Wednesday, May 11, 2011 - 10:41am | 83Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Mefiag B.V. subsidiary, in Heerenveen, The Netherlands, has received an order totaling approximately $550,000 from German automotive component manufacturer, Bolta Werke...
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Dako Denmark Filed Complaint Against Leica Microsystems In U.S., Says Leica Microsystems Infringed Patent (DHR)
Wednesday, May 11, 2011 - 10:10am | 24Dako (NYSE: DHR) has filed a lawsuit in the US against Leica Microsystems regarding patent infringement.
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IDEX Enters Into Definitive Agreement to Acquire CVI for $400M in Cash (IEX)
Wednesday, May 11, 2011 - 9:21am | 103IDEX Corporation (NYSE: IEX) announced today that it has entered into a definitive agreement to acquire CVI Melles Griot, from Norwest Equity Partners, a leading middle market equity investment firm. CVI is a global leader in the design and manufacture of precision photonic solutions used in the...
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Oppenheimer Maintains Outperform on Eaton (ETN)
Wednesday, May 11, 2011 - 8:37am | 128Oppenheimer is out with its report today on Eaton (NYSE: ETN), maintaining Outperform. In a note to clients, Oppenheimer writes, "Following ETN shares' underperformance vs. the market and other industrials of late, shares are attractive at 13.2x our '11E EPS and 11.3x our '12E EPS, the cheapest in...
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Benzinga's Top Downgrades (NSM, SNHY, BMY, RIMM)
Wednesday, May 11, 2011 - 8:30am | 139FBR Capital Scott downgraded National Semiconductor Corporation (NYSE: NSM) from “outperform” to “market perform.” NSM's shares closed at $24.39 yesterday. NSM's PEG ratio is 2.11. Robert W. Baird downgraded Sun Hydraulics Corporation (NASDAQ: SNHY) from “outperform” to “neutral.” SNHY's stock...
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ITT Consortium Wins $74 Million Contract for India Irrigation Project (ITT)
Wednesday, May 11, 2011 - 7:49am | 87ITT Corporation (NYSE: ITT) is heading a consortium that has been awarded a contract to provide two water pumping stations for Sardar Sarovar Narmada Nigam Limited's Kutch Branch Canal Lift Irrigation Project. Combined, these two pumping stations will have the capacity to pump 196 million litres...
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A Peek Into The Market Before The Trading Starts
Wednesday, May 11, 2011 - 7:42am | 378Pre-open movers US stock futures are slightly higher this morning. Gold and silver futures continued to recover from the last week's losses. Futures on the Dow Jones Industrial Average gained 19 points to 12,719.00 and futures on the S&P 500 stock index rose 1.70 points to 1,355.50. Nasdaq 100...
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IDEX to Acquire CVI for $400M
Wednesday, May 11, 2011 - 6:59am | 110IDEX Corporation (NYSE: IEX) announced today that it has entered into a definitive agreement to acquire CVI Melles Griot, from Norwest Equity Partners. CVI produces critical enabling products for demanding applications such as spectroscopy, cytometry, remote sensing, target designation and...
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Harsco Secures $15M Rail Equipment Order in Saudi Arabia
Tuesday, May 10, 2011 - 3:30pm | 32Harsco Corporation (NYSE: HSC) announced today a new order from Saudi Arabia for railway track maintenance and related equipment valued at close to $15 million.
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Market Analysts'Downgrades on 5/10/11- GSIC, JNY, NNBR, PAL, PANL, PHG, RAH, ROSE, SFD, TLB, TSN, VE, ADM, AEO, BASFY, BID, DIOD, GEN
Tuesday, May 10, 2011 - 10:40am | 1286Raymond James downgraded shares of GSI Commerce (GSIC), a provider of e-commerce and interactive marketing services to businesses, from an “outperform” rating to a “market perform” rating. Goldman Sachs downgraded shares of Jones Apparel Group Inc. (JNY) from a “neutral” rating to a “sell” rating...
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Timken Declares Dividend; Increases Quarterly Payout by 11% to $0.20 (TKR)
Tuesday, May 10, 2011 - 10:40am | 75Following The Timken Company's (NYSE: TKR) strong first-quarter financial results and improved outlook, Timken's board of directors today declared a quarterly cash dividend of 20 cents per share, an increase of 2 cents per share over the previous quarterly amount. The dividend is payable on June 2...
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Benzinga's Volume Movers (CCIH, FOSL, CVLT, SNHY)
Tuesday, May 10, 2011 - 10:17am | 145ChinaCache International Holdings Ltd (NASDAQ: CCIH) shares moved up 4.70% to $15.81 at 10:15 am. The volume of CCIH shares traded was 362% higher than normal. CCIH reported a 79.6% y/y increase in its Q1 revenue. Fossil Inc (NASDAQ: FOSL) shares rose 9.04% to $102.50. The volume of FOSL shares...