Industrial Goods New Highs: Dover Corp (NYSE:DOV), Martin Marietta Materials, Inc. (NYSE:MLM), Constellium NV (NYSE:CSTM), Texas Industries, Inc. (NYSE:TXI), NN, Inc. (NASDAQ:NNBR)

Posted by on Jun 14, 2014

Dover Corp (NYSE:DOV)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Wednesday. They currently have a $94.00 price objective on the stock. Zacks‘s target price would suggest a potential upside of 5.84% from the company’s current price. Dover Corp (NYSE:DOV) net profit margin is 11.10% and weekly performance is 0.96%. On last trading day company shares ended up $89.15. Analysts mean target price for the company is $92.31. Dover Corp (NYSE:DOV) distance from 50-day simple moving average (SMA50) is 4.26%.

June 3, 2014 — Levi & Korsinsky is investigating the Board of Directors of Texas Industries, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Martin Marietta Materials, Inc. (NYSE:MLM). Martin Marietta Materials, Inc. (NYSE:MLM) shares advanced 3.15% in last trading session and ended the day on $132.10. Gross Margin is 17.10% and its return on assets is 3.90%. Martin Marietta Materials, Inc. (NYSE:MLM) quarterly performance is 8.37%.

June 12, 2014 — Constellium N.V. (NYSE:CSTM) announced that it has finalized a €15 million investment in its site located in Decin, Czech Republic, to further its strategy of boosting production capacity of high-volume specialty alloy products to supply primarily the European automotive market. The investment includes a new casthouse and extrusion line that will increase production of hard alloys extrusions by almost 10,000 tons per year. Constellium NV (NYSE:CSTM) shares moved up 1.41% in last trading session and was closed at $31.03, while trading in range of $30.57 – $31.15. Constellium NV (NYSE:CSTM) year to date (YTD) performance is 33.35%.

On June 3, The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Texas Industries, Inc. (NYSE:TXI) and other violations of state law by the board of directors of TXI relating to the proposed buyout of the Company by Martin Marietta Materials, Inc. (“MLM”). Texas Industries, Inc. (NYSE:TXI) ended the last trading day at $92.36. Company weekly volatility is calculated as 2.19% and price to cash ratio as 55.71. Texas Industries, Inc. (NYSE:TXI) showed a positive weekly performance of 2.54%.

NN Inc (NASDAQ:NNBR) traded down 2.5% during mid-day trading on Friday after an insider sold shares in the company, Analyst Ratings Net reports. The stock traded as low as $25.01 and last traded at $25.18, with a volume of 82,535 shares traded. The stock had previously closed at $25.82. NN, Inc. (NASDAQ:NNBR) net profit margin is 5.10%. On last trading day company shares ended up $25.23. Analysts mean target price for the company is $27.50. NN, Inc. (NASDAQ:NNBR) distance from 50-day simple moving average (SMA50) is 14.96%.

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