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Leonardo DRS Reports Earnings and Declares Dividend Amid Stock Buyback Program
Leonardo DRS, Inc. reported a quarterly EPS of $0.20, exceeding estimates, with revenue of $799 million, up 16.1% year-over-year. The company declared a quarterly dividend of $0.09 per share and authorized a $75 million stock buyback, indicating confidence in its valuation. Currently, analysts rate the stock as a Moderate Buy, but suggest five other stocks as better investment options.
Lear Corporation will pay a quarterly dividend of $0.77 per share on June 25, with an ex-dividend date of June 5. The company reported earnings of $3.12 per share for the last quarter, exceeding estimates, despite a 7.2% revenue decline year-over-year. Analysts maintain a consensus "Hold" rating, with a target price averaging $112.09.
institutional investors significantly increase stakes in hf sinclair during fourth quarter
HF Sinclair saw significant investment activity in the fourth quarter, with Balyasny Asset Management increasing its stake by 645.1% and Norges Bank acquiring a new position valued at $41.3 million. The company operates refineries across several states and produces various fuel and lubricant products. Analysts have mixed ratings on the stock, with a consensus hold rating and a price target of $42.60, while recent trading showed a 3.6% increase in stock price to $35.34.
analysts downgrade franklin resources as institutional investors increase stakes
Evercore ISI has lowered its price target for Franklin Resources from $19.00 to $17.00, maintaining an "underperform" rating, while Cowen reiterated a "hold" rating. UBS Group raised its target from $19.00 to $23.00 with a "neutral" rating. Currently, five analysts rate the stock as a sell and nine as a hold, with a consensus target price of $19.46. BNP Paribas Financial Markets increased its stake in Franklin Resources by 57.5%, now holding approximately $13.16 million worth. The company reported a quarterly EPS of $0.47, matching estimates, but revenue fell 6.2% year-over-year to $2.11 billion.
Wells Fargo downgraded Carter's shares from "equal weight" to "underweight," lowering the price target from $40 to $25. Barclays also initiated coverage with an "underweight" rating at $25, while Citigroup reduced its target from $50 to $45, maintaining a "neutral" stance. Currently, the stock has a consensus rating of "Reduce" and a target price of $36.20, with three analysts rating it as a sell.
analysts maintain buy ratings for primoris services with varied price targets
BNP Paribas Financial Markets increased its stake in Primoris Services Co. by 97.5% in Q4, owning 487,831 shares valued at $37.27 million. Other institutional investors also raised their holdings, with 91.82% of the stock now owned by such entities. Primoris reported a quarterly EPS of $0.98, exceeding estimates, and declared a dividend of $0.08 per share, reflecting a 0.48% yield. Analysts maintain a consensus rating of "Moderate Buy" with a price target averaging $85.75.
gibraltar industries reports mixed earnings as institutional investors adjust holdings
Gibraltar Industries, Inc. operates in the renewable energy, residential, agtech, and infrastructure markets, with 0.50% of its stock owned by corporate insiders. Recent trading activity saw HSBC Holdings reduce its stake by 48.6%, while other institutional investors increased their holdings. The company reported a quarterly earnings per share of $0.95, surpassing estimates, despite a slight revenue decline year-over-year.
wolverine world wide sees significant institutional investment and mixed analyst ratings
Hsbc Holdings PLC increased its stake in Wolverine World Wide, Inc. by 142.4% in Q4, owning 34,265 shares valued at $764,000. Other institutional investors also boosted their positions, with hedge funds now holding 90.25% of the company. Analysts have mixed ratings, with a "Moderate Buy" consensus and a target price averaging $18.13. The company reported a quarterly EPS of $0.42, meeting estimates, despite a 6.1% year-over-year revenue decline. A quarterly dividend of $0.10 is set for August 1st, reflecting a 2.85% yield.
vishay intertechnology reports dividend yield and institutional investment activity
Vishay Intertechnology, Inc. reported a $0.40 annualized dividend with a yield of 2.92%, despite a payout ratio of -166.67%. The company, which manufactures semiconductors and electronic components, saw significant institutional investment increases, with HSBC Holdings raising its stake by 314.6%. However, analysts have downgraded the stock from "hold" to "sell," indicating a cautious outlook.
asset management landscape shifts as giants grow and small firms thrive
The asset management industry continues to see consolidation, with the largest 20 firms controlling 85% of U.S. assets. While passive investment funds dominate, smaller firms like Alpha Architect and Simplify are experiencing significant growth, showcasing opportunities for innovation and market share recovery among active managers.
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