Do you want to invest in stocks that are not as volatile as others, have steady growth, and pay a solid dividend? If so, then the industrial sector might be worth exploring. Industrial stocks can offer exactly this type of profile. These companies tend to be more defensive and are less affected by economic downturns. As such, their performance tends to be less volatile than other sectors.
When investors feel like the world is going to hell in a handbasket, there’s usually one sector that does well. That’s the industrial sector. When the rest of the market is bearish about the demand for goods and services, manufacturers ramp up production to meet that demand.
The result – industrial companies, see their stock prices climb as investors get excited about potential earnings growth and production volumes. And while industrial stocks will always have some risk inherent with any manufacturing company, there are also some great opportunities to invest in right now.
In addition, most industrial companies generate steady streams of cash from their operations and do not need to rely on the financing market for capital expansion and growth initiatives. Industrials stocks include a range of businesses that generally fall under the industrial sector. The best industrial supplies will have strong balance sheets and solid dividend growth histories.
Construction Partners, Inc.
According to Bloomberg, the seven investment research companies keeping a close check on Construction Partners, Inc. (NASDAQ: ROAD) have given the company’s shares an average rating of “Buy” across the board. There have been three different financial experts who have all suggested buying the stock.
One of these experts gave the stock a buy rating from buy to strong buy, indicating that they believe it is a good investment. The average price projection for the next 12 months offered by brokers who released research on the firm in the past year was $31.80 for the company. This price forecast is based on the research that was released in the previous year.
Several equity analysts have recently given their research on the ROAD stock that they have conducted. In a research report given on May 11, Raymond James dropped their price objective for Construction Partners from $30.00 to $25.00. In addition, Raymond James upgraded the firm from an “outperform” recommendation to a “strong-buy” rating. Sidoti’s coverage of Construction Partners’ shares in a report started on June 1. Also, the date the company’s fiscal year began. The consensus recommendation for the stock was to “buy.” In a report made available to the public on Monday, August 14, DA Davidson suggested that the price objective for Construction Partners is increased to $28.00. Last but not least, Robert W. Baird increased their price objective for Construction Partners from $26.00 to $32.00 in a research report on Monday, August 8. On Friday, ROAD shares were first offered for trade for $30.38 per share.
The company has a simple moving average of $23.96 for the last fifty days and a simple moving average of $24.66 for the last two hundred days. The company has a price-to-earnings ratio of 98.00, and its market value is currently at 1.60 billion dollars. The PEG ratio for this product comes in at 1.99, and its beta value is 0.98. In the form of a ratio, these values are expressed as follows: The debt-to-equity ratio is 0.79, the current ratio is 1.91, and the quick ratio is 1.53. The lowest price that Construction Partners has been at over the past year is $18.89, and the highest price is $44.99.
On August 5, Construction Partners revealed the most recent quarterly profits it has earned for the company, which trades on the NASDAQ under the ticker code ROAD. The company announced profits per share for the quarter of $0.23, which is $0.06 better than analysts’ average projection of $0.17 for earnings per share. The actual revenue for the quarter came in at $380.30 million, which is considerably more than the average expectation of $316.77 million set for the period. The return on equity for Construction Partners was 3.87%, and the net margin for the company was 1.36%.
The most recent fiscal quarter of the company saw sales rise by 45.4% compared to the same period in the previous year. The company’s quarterly earnings were $0.18 per share compared to the previous year’s results. According to projections made by industry analysts, Construction Partners will generate earnings of $0.41 per share during the current financial year. Additionally, on August 9, Director Stefan L. Shaffer sold 7,697 Construction Partners stock.
The sale of the shares resulted in total revenue of $222,674.21, equivalent to an average price of $28.93 per share. The director will have bought 47,495 company stock after the transaction is finalized; the total value of these shares is $1,374,030.35, which is greater than the director’s current salary. An SEC filing that explains the transaction in greater detail has been made public and may be viewed on the website of the Securities and Exchange Commission (SEC). Corporate insiders hold a total of 24,35% of the company’s shares.
Several significant investors have adjusted their ROAD holdings throughout the most recent brief period. Kayne Anderson Rudnick Investment Management LLC’s ownership stake in Construction Partners grew by 20.4% during the second quarter due to the company’s expansion of its stock holdings. Kayne Anderson Rudnick Investment Management LLC now holds 4,639,962 shares of the company’s stock following the acquisition of an additional 786,373 shares during the quarter. The value of their holdings in the company’s stock at the moment is $97,161,000.
American Century Companies Inc. boosted the percentage of construction partners owned by 1,448.4% throughout the year’s first three months. American Century Companies Inc. now owns 605,573 shares, with an estimated market value of $15,854,000 after purchasing an additional 566,464 shares during the most recent quarter. The value of the firm’s shares was evaluated to be $15,854,000. BlackRock Inc. boosted the proportion of construction partners is controlled by 23.2% throughout the first three months of 2018.
BlackRock Inc. currently owns a total of 2,655,171 shares following the acquisition of an additional 500,697 in the most recent quarter. The current worth of the firm’s stock held by BlackRock Inc. is assessed to be $69,511,000. The percentage of Construction Partners owned by Vanguard Group Inc. increased by 19.8% during the first three months of 2018. The company is now owned by Vanguard Group Inc., which has a total of 2,029,848 shares, with a value of $53,141,000.
Since the end of the preceding quarter, this reflects a rise of 336,161 shares in the company’s overall holdings. In the fourth quarter, JPMorgan Chase & Co. boosted the proportion of Construction Partners, which has a holding of 1,324.7%, making this the last and certainly not the least important point. The value of JPMorgan Chase & Co.’s current holdings in the company, which come to a total of 345,310 shares, is $10,156,000. The company bought an additional 321,072 shares during the most recent quarter, which is the cause of the current situation. To the tune of 69.45% of the company’s shares, institutional investors and hedge funds are the holders of these shares.
Within the United States of America, the states of Alabama, Florida, Georgia, North Carolina, and South Carolina fall under the jurisdiction of Construction Partners, Inc., which is in charge of the construction of new roads and the upkeep of existing ones. The company, through its subsidiaries, provides a wide variety of goods and services to a wide range of public and private infrastructure projects. These projects are found all over the world. Most of the company’s projects involve the construction of roadways, bridges, airports, and commercial and residential buildings.
Alamo Group Inc.
According to the information in the TheStreetRatingsTable, TheStreet upgraded Alamo Group (NYSE: ALG) to a “b-” rating in a research note published on Thursday. The previous rating for the company was a “c+.” Many research specialists have recently discussed ALG as a topic of conversation.
In a research report that was published that day, Bloomberg upgraded their recommendation on Alamo Group stock on August 5, changing it from a “hold” rating to a “buy” rating in a “research report for the company was a “c+.” Many research specialists have recently discussed ALG as a topic of conversation. In a research report that was published that day, Bloomberg upgraded their recommendation on Alamo Group stock on August 5, changing it from a “hold” rating to a “buy” rating in a “research report.” DA Davidson stated in a report made public on August 9 that they have increased their price target on Alamo Group shares to $136.00.
When trading started on Thursday, the price of a share of ALG stock was $133.10 per share. The low point for Alamo Group over the last year was $108.35, while the highest point for the firm over the past year was $160.71. The company’s price-to-earnings ratio is currently at 18.93, and its beta value is currently at 0.99. The market capitalization of the company is currently valued at $1.59 billion at this time. The ratio of the current ratio to the quick ratio is 2.09, whereas the ratio of the current ratio to the quick ratio is 3.95. The ratio of debt to equity is 0.48.
The moving average price of the company for the past 200 days is $129.04, and the moving average price over the last 50 days is $124.90. The most current quarterly results report for Alamo Group (NYSE: ALG) was made available to the general public on Wednesday, August 3, 2018. The maker of industrial items announced earnings of $2.39 per share for the previous quarter, which is $0.33 more than the analysts’ average expectation of $2.06 per share. The return on equity for Alamo Group is measured at 12.03%, and the net margin for the business was 5.84%.
The company reported $1.97 per share earnings for the same quarter in the prior year’s financial statements. Sell-side analysts predict that the Alamo Group will most likely reach profits per share of $8.61 in the current fiscal year. This projection was based on historical data. In related news, on June 15, Robert P. Bauer, a director, successfully concluded a transaction in which he bought 500 shares of Alamo Group stock. It is only one of several events that are relevant to this subject. The entire transaction cost came to $56,995.00, with each share being purchased for an average price of $113.99. The acquisition was successful and was completed. As a result of the transaction being finalized, the director now directly owns 7,561 shares of the company’s stock, which has a value of $861,878.39.
The transaction was made publicly known by a filing made available by the Securities and Exchange Commission (SEC) and may be viewed on their website. As previously mentioned, Robert P. Bauer, Director of the Alamo Group, purchased 500 shares of the company’s stock on June 15, as previously mentioned in other matters concerning the Alamo Group. The entire transaction cost came to $56,995.00, with each share being purchased for an average price of $113.99. The acquisition was successful and was completed. Following the completion of the transaction, the director now owns 7,561 company shares, which have a combined value of $861,878.39.
An announcement regarding the transaction is kept in the legal file maintained by the Securities and Exchange Commission, accessed online. You can find this announcement by searching for it in the legal file. In addition, on Wednesday, August 10, Richard Hodges Raborn, Executive Vice President of the firm, sold 1,553 shares of the company’s stock. The shares are acquired for $212,062.15, which comes out to a price of $136.55 per share on an average basis. Because of the transaction, the executive vice president now owns 8,710 company shares, with a combined value of approximately $1,189,350.50. Disclosures that are related to the sale might be found in this section of the website.
Company insiders own 2.30 percent of the company’s outstanding shares. Epoch Investment Partners Inc. increased its holdings in Alamo Group by 24.9% during the fourth quarter, while a number of hedge funds and other institutional investors changed the proportion of their portfolios allocated to ALG. Epoch Investment Partners Inc. now holds a total of 76,050 shares of the common stock of the industrial goods business after purchasing an additional 15,162 shares during the quarter. The stock is currently valued at $11,193,000 due to the total number of shares owned. Granite Investment Partners LLC increased its stake in Alamo Group by 4.0 percent in the final three months of 2018. After purchasing an additional 4,363 shares during the relevant period, Granite Investment Partners LLC now has 113,971 shares of the industrial goods company’s stock, valued at $16,774,000.
These shares are acquired during the period in question. During the first three months of 2018, Assenagon Asset Management S.A. made a new investment in Alamo Group worth about 795 000 Swiss francs. The amount of Alamo Group shares that EMC Capital Management owned as of the fourth quarter climbed by 9.1%. EMC Capital Management now owns a total of 6,942 shares of the industrial products company’s stock after purchasing an additional 578 shares during the quarter. The stock is now valued at $1,022,000. Pinebridge Investments, L.P. acquired a new investment during the fourth quarter of the fiscal year, which set them back around $88,000. The Alamo Group received this investment in the form of capital. Institutional investors own the vast majority of the company’s shares (91,33%).
Alamo Group, Inc. is responsible for the design, manufacturing, sales, and maintenance of the equipment used in governmental, commercial, and agricultural settings worldwide to control vegetation and maintain infrastructure. This equipment is used all over the world. Its Vegetation Management Division offers tractor- and truck-mounted mowing and vegetation management equipment, mowers, cutters, and replacement parts for heavy-duty and intense applications. In addition, the Vegetation Management Division department provides hydraulically driven and tractor-mounted mowers. This division also offers customers a variety of mowers that can be attached to tractors.
Core & Main, Inc.
According to a recent report by Bloomberg, the ten research firms monitoring Core & Main, Inc. (NYSE: CNM) have collectively provided the company with an average rating of “Hold” for its stock. One of the equity research analysts assigned the stock a “sell” rating.” Four of the analysts have assigned it a recommendation of “hold,” and three of the analysts have assigned it a rating of “buy.”
The vast majority of analysts who have recently covered the firm have projected that the stock price will reach $28.80 or higher sometime during the coming calendar year. Recently, many individuals who focused their careers on stock analysis offered their opinions on the shares of CNM. The Royal Bank of Canada stated its intention to reduce its price goal for Core & Main from $31.00 to $28.00 in a research note published on June 15. It was concluded by a research study conducted by Credit Suisse Group and made available to the public on Tuesday, July 19, that the target price for Core & Main should be $29.00.
On June 16, Truist Financial assigned a “hold” rating to the firm Core & Main and decreased their price target for the stock from $28.00 to $25.00. The research was about the business that Core & Main did. In a research report published on Wednesday, June 15, Goldman Sachs Group assigned the business a “neutral” rating. Additionally, the firm decreased the price at which they anticipate Core & Main will reach the market to $27.00 from $31.00. In addition, they decreased the target price they had set for Core & Main from $31.00 to $27.00. Barclays assigned an “overweight” rating to the company in a research report published on Thursday, July 14.
Despite this, the brokerage firm decreased its price objective for Core & Main from $29.00 to $28.00. The efficiency of the business was the subject of the study. When trading started on Friday, the price of a share of Core & Main stock was $24.66. This price remained unchanged throughout the day. It has been determined that the company has a market value of $6.06 billion, and its P.E. ratio is currently at 23.94. A debt-to-equity ratio comes in at 0.75, a quick ratio that comes in at 1.07, a current ratio that comes in at 2.07, and a quick ratio that comes in at 1.07. The company’s simple moving average for the past 50 days is $22.98, while the company’s simple moving average over the past 200 days is $23.06.
Over the past year, the price of Core & Main has ranged from a one-year low of $20.00 to a one-year high of $32.54 over the past year. The most recent financial results for Core & Main (NYSE: CNM) were made public on June 14, a Tuesday. The company reported earnings of $0.74 per share for the quarter, which was $0.35 more than the consensus forecast among analysts, who had predicted earnings of $0.39 per share. The results of Core & Main’s financial analysis were as follows: a return on equity of 19.33% and a net margin of 4.05%. The ultimate total for sales for the period was $1.60 billion, which was a big increase over the average projection of $1.44 billion for the amount of money made throughout the period. In the current financial year, market experts anticipate that Core & Main will generate $1.62 per share earnings.
Stephen O. Leclair, the company’s Chief Executive Officer, sold 25,270 shares of the company’s stock on August 16, a Tuesday. It was one of the further recent advances in the corporate world. A total of $621,894.70 was received for the sale of the shares, with an average price of $24.61 per share. The transaction has resulted in the company’s CEO gaining direct ownership of 35,742 shares of the company’s stock, which are currently valued at $879,610.62. This transaction was disclosed in a document filed with the SEC, which may be located on this page. Stephen O. Leclair, the company’s Chief Executive Officer, sold 25,270 shares of the company’s stock on August 16, a Tuesday.
It was one of the more recent advances in the corporate world. A total of $621,894.70 was received for the sale of the shares, which works out to an average price of $24.61 per share. The transaction has resulted in the company’s CEO gaining direct ownership of 35,742 shares of the company’s stock, which are currently valued at $879,610.62. Our transaction was detailed in a document distributed by the SEC and published on this website for viewing. In addition, on Thursday, August 18, 2014, 14,730 shares of the business’s stock were sold by Stephen O. Leclair, who is the Chief Executive Officer of the company. It is established that the stock was sold at a price that was an average of $24.54 per share, which resulted in a total sale of shares valued at $361,474.20.
After the completion of the transaction, the Chief Executive Officer will now have direct ownership of 35,742 shares of the company’s stock, which has a value of $877,108.68. Disclosures that are related to the sale might be found in this section of the website. In the most recent ninety days, business insiders have sold 51,475 shares of company stock, bringing in a total of $1,267,781 from those shares. Current and former employees of the company own 1.20 percent of the total equity in the company. In the most recent few months, several hedge funds have altered the percentage of the company’s shares they own by increasing or decreasing it. Select Equity Group L.P. increased its Core & Main stock holdings by 35.0 percent during the first three months of 2018.
After buying an additional 3,018,351 shares during the last quarter, Select Equity Group L.P. now owns a total of 11,639,083 shares, which is worth $281,549,000. Boosted the proportion of Core & Main that it held in its portfolio by 58.6 percentage points during the first three months of 2018. After purchasing an additional 1,652,035 shares of the company’s stock during the most recent fiscal quarter, Vanguard Group Inc. now owns 4,472,479 shares of the company’s stock. This brings the total number of shares that Vanguard Group Inc. Pictet Asset Management S.A. increased the proportion of Core & Main that it owned by 0.9% over the final three months of 2018.
During the most recent fiscal quarter, Pictet Asset Management S.A. made an extra acquisition of 37,585 shares of the company. It brings the total number of shares they possess in the company to 4,139,980, with an associated value of $125,607,000. The investment portfolio of Victory Capital Management Inc. grew by 35.7% during the first three months of the year as a result of increasing holdings in Core & Main. Up to this point, Victory Capital Management Inc. has amassed 3,066,930 shares of the company’s stock, with an approximate market value of $74,189,000. It is because an additional 807,045 shares were purchased during the most recent quarter. The fact that Robeco Schweiz AG grew its holdings in Core & Main by 15.5% during the second quarter is the news that comes last, but it is certainly not the least important.
After making an additional purchase of 333,278 shares during the most recent quarter, Robeco Schweiz AG now owns a total of 2,480,878 shares. Based on the current market price, this gives the company a value of $55,324,000. The company’s shares are held collectively by hedge funds and other types of institutional investors to the extent of 95.48 percent. In the United States, the company serves municipalities, private water corporations, and professional contractors that rely on Core & Main, Inc. for water, wastewater, storm drainage, and fire protection equipment and services.
Municipal, non-residential, and residential are the three categories that fall under this category of end markets. As part of its portfolio, it offers a variety of products and services, including pipes, valves, hydrants, fittings, and other similar items and components. In addition, it is in the business of producing corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other products connected to storm drainage. The assortment of fire protection products that this company offers includes, amongst other things, sprinkler heads and other devices; fire suppression systems; and the accessories that are attached to those systems. It also sells smart meter products, offers smart meter installation services, and sells smart meter-compatible accessories.
