Lumber Wood Production

(WY) Bullish on Weyerhaeuser

We recently upgraded Weyerhaeuser Company (WY) from Neutral to an Outperform recommendation.

Why the Upgrade?

Weyerhaeuser is one of the leading U.S. forest product companies and has a market capitalization...

2May2013 | | Comments Off on (WY) Bullish on Weyerhaeuser | Continued

(UFPI) Universal Forest Products Posts Upbeat 2013 First Quarter

Universal Forest Products Inc. (UFPI) reported one of the finest first quarter results on Apr 17, 2013. The company rode high on the back of strong sales performance in its five market segments with a net income surging 25.7% over...

27Apr2013 | | Comments Off on (UFPI) Universal Forest Products Posts Upbeat 2013 First Quarter | Continued

(WY) Weyerhaeuser Raises Dividend

Weyerhaeuser Company (WY) once again announced rewards in the form of quarterly dividends for its shareholders. This time the dividends were higher than the disbursements made previously.

The quarterly dividend rate has been...

18Apr2013 | | Comments Off on (WY) Weyerhaeuser Raises Dividend | Continued

(LPX) Louisiana-Pacific Corporation – Momentum

Louisiana-Pacific Corporation (LPX) gained significant momentum after acquiring the remaining shares in the Peace Valley joint venture from its partner, Canfor Corporation. This Zacks Rank #1 (Strong Buy) building products company also reported...

26Jan2013 | | Comments Off on (LPX) Louisiana-Pacific Corporation – Momentum | Continued

(PATK) Construction on a Tear – Zacks Industry Rank Analysis

Construction Jobs on the Rise

What did I find most encouraging about the December ADP private payroll and Federal government jobs reports?

  • A revival in construction jobs. Although ADP said rebuilding after Superstorm Sandy likely lifted their December construction...

    13Jan2013 | | Comments Off on (PATK) Construction on a Tear – Zacks Industry Rank Analysis | Continued

(PATK) Construction on a Tear – Zacks Industry Rank Analysis

Construction Jobs on the Rise

What did I find most encouraging about the December ADP private payroll and Federal government jobs reports?

  • A revival in construction jobs. Although ADP said rebuilding after Superstorm Sandy likely lifted their December construction...

    10Jan2013 | | Comments Off on (PATK) Construction on a Tear – Zacks Industry Rank Analysis | Continued

(MAS) Fortune Brands Home & Security Rated A Strong Buy

Upward estimate revisions on the back of strong third-quarter 2012 results – including an earnings surprise of 16.0% as well as high earnings estimates for fiscal 2012 – have helped Fortune Brands Home & Security, Inc. (FBHS)...

2Jan2013 | | Comments Off on (MAS) Fortune Brands Home & Security Rated A Strong Buy | Continued

(MAS) Masco Shares Remain Neutral

We have maintained a Neutral recommendation on Masco Corporation (MAS) following the appraisal of its third quarter 2012 results.

Masco’s adjusted earnings of 13 cents per share in the third quarter of 2012 increased 44% year...

1Jan2013 | | Comments Off on (MAS) Masco Shares Remain Neutral | Continued

(UFPI) Universal Forest Products Issues Debt – Announces Acquisition

Universal Forest Products, Inc. (UFPI) is all set to restructure a part of its long-term debt as the company recently announced its loan agreement with Prudential Investment Management.

The company issued notes worth $75 million,...

23Dec2012 | | Comments Off on (UFPI) Universal Forest Products Issues Debt – Announces Acquisition | Continued

(WY) Weyerhaeuser Company – Bull of the Day

We have upgraded our recommendation on Weyerhaeuser Co. (WY) from Neutral to Outperform based on the high growth the company has achieved, reducing total costs and increasing prices. Also, the company is making an earnest effort to...

22Nov2012 | | Comments Off on (WY) Weyerhaeuser Company – Bull of the Day | Continued

(UFPI) Universal Forest Products Acquires Nepa Assets

A day after reporting its third quarter 2012 financial results, Universal Forest Products Inc. (UFPI) communicated a major news that is in accordance with the company’s expansionary policy — development of industrial business,...

20Oct2012 | | Comments Off on (UFPI) Universal Forest Products Acquires Nepa Assets | Continued

(MAS) Masco Corporation – Bear of the Day

Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting...

21Jul2011 | | 0 comments | Continued

(UFPI) UFPI Beats Estimate – Future Outlook Dark

Universal Forest Products Inc. (UFPI) reported its financial results for the second quarter 2011 on July 13. Earnings per share, excluding 11 cents per share of severance and early retirement charges were 33 cents compared with 70...

14Jul2011 | | 0 comments | Continued

(MAS) Masco Corporation – Bear of the Day

Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting...

5Jul2011 | | 0 comments | Continued

(UFPI) Universal Forest Products Outlook Gloomy

Universal Forest Products Inc. (UFPI) recently announced to undertake stringent economic measures including job cuts citing weaker sales in the first five months of year 2011. The cost-reduction measures are expected to save roughly...

27Jun2011 | | 0 comments | Continued

(MAS) Masco Retains Underperform

We reiterate our Underperform recommendation on Masco Corporation (MAS), which manufactures, sells, and installs home improvement and building products.

The company earns 75-80% of revenues from the operations in North America,...

24Jun2011 | | 0 comments | Continued

(MAS) Masco Corporation – Bear of the Day

Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting...

24Jun2011 | | 0 comments | Continued

(WY) Weyerhaeuser to Sell Hardwood Unit

Weyerhaeuser Company (WY) recently entered into an agreement to sell its hardwood and industrial products division to American Industrial Partners. Financial terms of the transaction were not disclosed.

The transaction is expected...

23Jun2011 | | 0 comments | Continued

(LPX) Louisiana-Pacific Buys LP Brazil

Louisiana-Pacific Corporation (LPX) recently acquired the remaining 25% equity interest in Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. (LP Brazil) through its subsidiary Louisiana-Pacific South America (LPSA).

Louisiana-Pacific-Brasil...

22Jun2011 | | 0 comments | Continued

(LUK) Leucadia National CorporationSells Off Fortescue Shares

Leucadia National Corporation (LUK) recently sold 92.4 million of common shares of Fortescue Metals Group Ltd. for approximately $609.2 million. The transaction resulted in a net securities gain of $527.4 million, to be recorded during...

19Jun2011 | | 0 comments | Continued

(UFPI) Universal Forest Products – Bear of the Day

Universal Forest Products Inc. (UFPI) reported quite disappointing results in the first quarter of 2011 with EPS falling 20 cents below the Zacks Consensus Estimate. The company’s top line also plummeted, largely owing to lost...

31May2011 | | 0 comments | Continued

(UFPI) Universal Forest Products 2011 First Quarter Report Results Below Consensus

Universal Forest Products Inc. (UFPI) reported its financial results for the first quarter 2011 on April 13. Net earnings were a loss of 19 cents per share compared with a 5 cent per share gain in the year-ago quarter. Results were...

14Apr2011 | | 0 comments | Continued

(LUK) Leucadia National to Raise Stake in Jefferies Group

Leucadia National Corporation (LUK) recently announced that  it will increase its stake in Jefferies Group Inc. (JEF), a full service investment bank.

The company,...

12Apr2011 | | 0 comments | Continued

(UFPI) Universal Forest Products – Bear of the Day

Universal Forest Products Inc. (UFPI) reported quite disappointing results in fourth quarter 2010 with EPS falling 14 cents below the Zacks Consensus. The company’s healthy top-line growth was offset by higher cost of sales...

23Feb2011 | | 0 comments | Continued

(MAS) Masco Fourth Quarter 2010 Earnings Report Posts Big Loss

Masco Corporation (MAS) reported a loss of 8 cents per share (excluding special items) in the fourth quarter of 2010 in sharp contrast to a profit of 5 cents per share (excluding special items) in the same quarter of prior year.

The...

16Feb2011 | | 0 comments | Continued

(UFPI) Universal Forest Products Analyst downgrades Shares to Underperform

We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform. We downgrade based on...

3Oct2010 | | 0 comments | Continued

(UFPI) Universal Forest Products – Bear of the Day

Universal Forest Products Inc. (UFPI) reported disappointing results in second quarter 2010 with EPS falling 19 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due to volatile lumber prices...

1Oct2010 | | 0 comments | Continued

(UFPI) Universal Forest Products – Bear of the Day

Universal Forest Products Inc. (UFPI) reported disappointing results in second quarter 2010 with EPS falling 19 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due to volatile lumber prices...

27Sep2010 | | 0 comments | Continued

(WY) Weyerhaeuser’s Announces 324 Million Share Special Dividend

Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average closing price of $15.54 as of August...

29Aug2010 | | 0 comments | Continued

(WY) Weyerhaeuser First Quarter 2010

Impressive first quarter results and robust second quarter guidance resulted in overall positive sentiments for Weyerhaeuser Co. (WY) following its earnings release on April 29, 2010.  The company expects an increase in home closings,...

25May2010 | | 0 comments | Continued