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4 Infrastructure Stocks To Watch Ahead Of Biden's Trillion-Dollar Proposal
Tuesday, March 30, 2021 - 1:50pm | 985Read More...Later this week, President Joe Biden is expected to unveil the details of a $3-trillion infrastructure package. While a great deal of early attention has been focused on new investments in cleantech solutions designed to address climate change, the package will also address the rebuilding of...
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Power REIT Buys 2 Properties In Colorado For 'Cultivation Complex'
Friday, October 16, 2020 - 1:15pm | 301Read More...Power REIT (NYSE: PW) has acquired two Colorado parcels. The Old Bethpage, New York-based company purchased properties in Crowley County for a total of $150,000. The parcels span 2.37 acres and 2.09 acres, respectively. Powe REIT also entered into a triple-net deal with Monte Fiore,...
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KB Home Reports Mixed Q2, Says Housing Demand Resilient
Wednesday, June 24, 2020 - 4:26pm | 204Read More...KB Home (NYSE: KBH) reported quarterly earnings of 55 cents per share on Wednesday, beating the analyst consensus estimate of 50 cents by a nickel. This is a 7.84% increase over earnings of 51 cents per share from the same period last year. The company reported quarterly sales of $914 million...
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Low Interest Rates, Federal Stimulus Lead BofA To Raise Homebuilder Price Targets
Tuesday, June 16, 2020 - 2:56pm | 465Read More...Homebuilders may be among the beneficiaries from low interest rates and federal stimulus packages aimed at buffering the economic strain from the coronavirus pandemic, according to BofA Securities. “We believe current strength in new home, repair and remodeling and recreational vehicle...
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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
Tuesday, May 19, 2020 - 11:25am | 862Read More...The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department. “Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have...
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Morgan Stanley On Caterpillar And United Rental's Stock: 'Time To Leave'
Monday, April 27, 2020 - 1:43pm | 382Read More...Construction-focused companies Caterpillar Inc. (NYSE: CAT) and United Rentals, Inc. (NYSE: URI) have some of the highest exposure rates to U.S. non-residential construction, which is likely to enter a multi-year downturn cycle due to the coronavirus, according to Morgan Stanley. The Analyst...
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HaulHub Raises $30M To Expand Transportation Platform
Thursday, March 5, 2020 - 9:52am | 524Read More...HaulHub Technologies, a logistics startup serving the construction industry, announced Thursday it has secured $30 million in Series B funding to expand its transportation management platform. Led by funds and accounts advised by T. Rowe Price Associates and Durable Capital Partners LP, the...
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Europa Worldwide Gets New Head Of Property To Manage Construction Of Its £60 Million Futuristic Warehouse
Monday, November 25, 2019 - 1:05pm | 616Read More...Multimodal logistics service provider Europa Worldwide Group has appointed Alec Kirkbride, the former national building manager of supermarket chain Aldi Stores U.K., as the head of property for its new £60 million state-of-the-art logistics facility being built at Midlands Logistics Park in Corby...
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Buckingham Bullish On Owens Corning Ahead Of Q3 Earnings Print
Tuesday, October 22, 2019 - 2:09pm | 368Read More...Roofing company Owens Corning (NYSE: OC) is expected to discuss on its third-quarter conference call signs of an improving residential end market, according to Buckingham. The Analyst Buckingham Research Group analyst Megan McGrath upgraded Owens Corning from Neutral to Buy with a price target...
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Today's Pickup: Technology Deployment Specialist Velociti Enters Construction Market
Tuesday, September 17, 2019 - 10:15am | 836Read More...Good day, Already established in the commercial truck market, Velociti is now entering the booming construction markets, the company said. Velociti provides onsite installation and support for technology deployment. "The construction industry is adopting technology to reduce downtime, improve the...
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Headwinds Loom For Trucking And Construction
Wednesday, June 12, 2019 - 11:07am | 1404Read More...As capacity continues to increase in the trucking industry against the backdrop of record levels of new truck and trailer orders in late 2018, outbound tender volumes are only down 3.96 percent year-over-year, setting up an interesting scenario heading into the all-important summer construction...
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The Double Downgrade Hurting Caterpillar's Stock
Tuesday, February 26, 2019 - 12:08pm | 367Read More...Dow Jones component Caterpillar Inc. (NYSE: CAT) is likely to see around 55 percent of its end markets peak in 2019, followed by declining earnings in 2020, according to UBS. The Analyst UBS analyst Steven Fisher downgraded Caterpillar from Buy to Sell with a price target lowered from $...
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The Street Reacts To Caterpillar's First Notable Miss In Years
Tuesday, January 29, 2019 - 1:41pm | 898Read More...Heavy construction and equipment maker Caterpillar Inc. (NYSE: CAT) reported Monday with fourth-quarter results that fell short of expectations for the first time in around two years. Here's how the Street reacted. The Analysts Morgan Stanley's Courtney Yakavonis maintains an...
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Rapid-Fire Pitch: Keyturn
Tuesday, December 25, 2018 - 10:42am | 639Read More...David Bryan believes he has an answer to reducing risk and increasing efficiency in the construction industry supply chain - what he contends is the most fragmented and complex of all supply chains – through a company called Keyturn. Bryan, co-founder of Keyturn, along with colleague Kari...
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'Hammer Time': 3 Reasons Why Credit Suisse Is Bullish On Stanley Black & Decker
Monday, September 17, 2018 - 2:14pm | 474Read More...Building products maker Stanley Black & Decker, Inc. (NYSE: SWK) is best-positioned within the space and should grow from a combination of management-level initiatives and a strong macro environment, according to Credit Suisse. The Analyst Credit Suisse's Susan Maklari initiated coverage of...
