Industrial Goods New Highs: Broadwind Energy (NASDAQ:BWEN), Dixie Group Inc (NASDAQ:DXYN), Caterpillar (NYSE:CAT), United Technologies Corporation (NYSE:UTX)

Posted by on Apr 03, 2014

Broadwind Energy (NASDAQ:BWEN) major shareholder Austin W. & Greenhouse Da Marxe sold 103,752 shares of Broadwind Energy stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $12.93, for a total value of $1,341,513.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC. Broadwind Energy Inc. (NASDAQ:BWEN) shares after opening at $12.75 moved to $14.00 on last trade day and at the end of the day closed at $13.46. Company price to sales ratio in past twelve months was calculated as 0.97 and price to cash ratio as 8.34. Broadwind Energy Inc. (NASDAQ:BWEN) showed a positive weekly performance of 28.56%.

Dixie Group Inc (NASDAQ:DXYN) announced on  Mar 19, 2014 that the Company has completed the previously announced acquisition of Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products located in Los Angeles, California.The acquisition was completed today for an aggregate purchase price of approximately $17.5 million, which included assumption of certain outstanding purchase orders of Atlas, the payoff of existing debt, and a cash payment.Dixie Group Inc (NASDAQ:DXYN) shares advanced 2.49% in last trading session and ended the day on $18.14. DXYN return on equity ratio is recorded as 6.10% and its return on assets is 1.80%. Dixie Group Inc (NASDAQ:DXYN) yearly performance is 219.93%.

In the low growth scenario, Caterpillar Inc. (NYSE:CAT) is expected to generate up to $15 billion of free cash over the next three years. After distributing dividends and “a slightly higher assumption for M&A,” the company will have $5.6 billion of cash to carry out share repurchases. With the available cash, analysts believe, the company could buyback around 23 million shares per year for the next three years. Caterpillar Inc. (NYSE:CAT) shares moved up 2.83% in last trading session and was closed at $102.63, while trading in range of $99.88-$102.76. Caterpillar Inc. (NYSE:CAT) year to date performance is 13.76%.

United Technologies (NYSE:UTX) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 9,928 call options on the company, American Banking and Market News reports. This represents an increase of 177% compared to the average volume of 3,579 call options. United Technologies Corporation (NYSE:UTX) weekly performance is 4.62%. On last trading day company shares ended up $119.87. United Technologies Corporation (NYSE:UTX) distance from 50-day simple moving average is 4.95%. Analysts mean target price for the company is $126.75.

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