NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $73.81 as of 9:31 a.m. ET, the dividend yield is 0.7%.
The average volume for Lufkin has been 310,400 shares per day over the past 30 days. Lufkin has a market cap of $2.2 billion and is part of the
industry. Shares are up 19.6% year to date as of the close of trading on Wednesday.
Lufkin Industries, Inc. and its subsidiaries manufacture and sell oil field pumping units and power transmission products. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 50.9, below the average energy industry P/E ratio of 51.3 and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Lufkin as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full