Weyerhaeuser Company (NYSE:WY), announced the preliminary results of its exchange offer for Weyerhaeuser common shares in connection with the split-off transaction of its homebuilding business, Weyerhaeuser Real Estate Company (“WRECO”). The exchange offer was in connection with the “Reverse Morris Trust” transaction, previously announced on November 4, 2013, pursuant to which a wholly owned subsidiary of TRI Pointe Homes, Inc. TPH +0.06% (“TRI Pointe”) will merge with and into WRECO (the “Merger”), with WRECO surviving the Merger and becoming a wholly owned subsidiary of TRI Pointe. Weyerhaeuser intends to accept shares validly tendered in the exchange offer, subject to proration, and expects the closing of the merger to occur on July 7, 2014 following the satisfaction of all closing conditions. Weyerhaeuser Company (NYSE:WY), net profit margin is 6.80% and weekly performance is 1.59%. On last trading day company shares ended up $33.22. Analysts mean target price for the company is $33.25. Weyerhaeuser Company (NYSE:WY), distance from 50-day simple moving average (SMA50) is 7.93%.
On June 11, 2014, Caterpillar Inc. (NYSE:CAT), declared a quarterly dividend of $0.70 per share, or $2.8 annualized. This is a 16.7% increase from the prior dividend of $0.60. Caterpillar Inc. (NYSE:CAT), advanced 1.39% in last trading session and ended the day on $111.08. CAT, Gross Margin is 26.00% and its return on assets is 4.50%. Caterpillar Inc. (NYSE:CAT), quarterly performance is 8.96%.
On June 11, 2014, Timken Co (NYSE:TKR), has committed $60 million toward a project aimed at developing new products and getting them to the market faster.Timken Co (NYSE:TKR), shares moved down 0.32% in last trading session and was closed at $49.57, while trading in range of $49.46 – 49.96. Timken Co (NYSE:TKR), year to date (YTD) performance is 26.81%.
Allegheny Technologies Incorporated (NYSE:ATI)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $43.00 price target on the stock, up from their previous price target of $41.00. Deutsche Bank’s price target indicates a potential downside of 5.74% from the company’s current price. Allegheny Technologies Incorporated (NYSE:ATI), ended the last trading day at $46.23. Company weekly volatility is calculated as 1.83% and price to cash ratio as 5.99. Allegheny Technologies Incorporated (NYSE:ATI), showed a positive weekly performance of 4.40%.
Shares of US Ecology Inc (NASDAQ:ECOL), reached a new 52-week high on Wednesday following a dividend announcement from the company, Analyst Ratings News reports. The company traded as high as $50.78 and last traded at $50.51, with a volume of 89,001 shares traded. The stock had previously closed at $50.39. US Ecology Inc (NASDAQ:ECOL), net profit margin is 17.10% and weekly performance is 5.86%. On last trading day company shares ended up $51.12. Analysts mean target price for the company is $51.50. US Ecology Inc (NASDAQ:ECOL), distance from 50-day simple moving average (SMA50) is 7.22%.