This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Manufacturing Stocks to Watch

Kennametal is a leading supplier of tooling, engineered components and advanced materials used in production processes. The company operates in two segments: metalworking solutions and services group (MSSG) and advanced materials solutions group (AMSG). About 46% of analysts covering the stock rate it a buy while the remaining analysts rate it a hold. There are no sell ratings on the stock. On average, analysts polled by Bloomberg believe the stock has potential upside of 14.4%.

Net earnings for the company's fiscal second quarter, which ended Dec. 31, were $43.5 million, or 52 cents per share, compared with $6 million, or 7 cents per share in the earlier year. The improvement was attributable to the global economic recovery and rising demand from emerging economies. Industrial sales were up 33%, while growth in the infrastructure segment was 19%. Kennametal attained record operating margin levels in the December quarter.

Nearly half of Kennametal's business operations and revenue are in Germany, which is a far better performing economy than the other European nations, according to industry analysts. For the third quarter of 2010, Germany reported 3.9% year-over-year growth in its GDP (real terms), compared with 1.9% growth in the eurozone. The recent cut in factories to 46 facilities from the earlier 60 has boosted profit margins.

Heading into 2011, full-year earnings are forecast between $2.50 and $2.65 per share, compared to the earlier estimate of $2.25 and $2.45 per share. The guidance for organic sales growth is projected between 21% and 24% from the previous range of 19% to 21%. The company has declared a regular quarterly cash dividend of 12 cents per share, payable Feb. 23.
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CAT $74.45 -2.17%
ITW $83.25 0.68%
KMT $29.12 -0.41%
PCAR $58.07 0.00%
AAPL $110.37 0.00%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs