Posted by Todd Shriber at 11:18AM on November 15th
Caterpillar (CAT), the world’s largest maker of mining and construction equipment, is making a big bet on continued robust global demand for coal with its $8.6 billion acquisition of Bucyrus International (BUCY), a maker of draglines, drill, shovels and other equipment used…
Posted by Jason Smith at 11:35AM on August 17th
A rejected BHP Billiton (BHP) bid for Potash (POT) was the big news in the agricultural segment on Tuesday, but analysts also turned bullish on select players from the equipment and machinery sector. Feltl & Co. upgraded agricultural and construction equipment retailer…
Posted by Geoff Seiler at 5:28PM on December 21st
Stocks had a strong day despite a major snow storm blanketing much of the East Coast, keeping retail crowds sparse on the last Saturday before Christmas, which is traditionally one of the biggest shopping days of the year. Nonetheless, analysts…
Posted by Owen Vater at 12:22PM on October 23rd
Heavy equipment stocks powered ahead this week, despite a mild sell-off on Friday.
Mining equipment company Bucyrus International (BUCY) is bucking the market by double-digits today after topping expectations in the third quarter. The company earned $92 million or $1.21 a share,…
Posted by Owen Vater at 11:37AM on July 1st
Automated irrigation-focused Lindsay Corporation (LNN) helped machine stocks move higher on Wednesday.
Before the bell this morning, Omaha-based Lindsay Corporation released better-than-expected third-quarter numbers. The company earned $5.3 million, or 42 cents a share, on $84.6 million in revenue in the three…
Posted by Max Magee at 1:10PM on April 9th
Heavy machinery stocks rallied Thursday after Caterpillar (CAT) contradicted analyst pessimism.
The heavy equipment industry has been hurt badly by the global economic slowdown as the demand for construction grew weak and commodities prices plummeted. While most companies remain far from their…
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