Skip to content
MCC-property

MCC-property

Epicurean real estate

Primary Menu MCC-property

MCC-property

  • Real Estate News
  • House for Rent
  • Construction
  • Furniture
  • Apartment
  • Building
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Carpenter Technology top industrial gainer, while building stocks among losers
  • Building

Carpenter Technology top industrial gainer, while building stocks among losers

Rickey Andreu March 30, 2022

[ad_1]

Trading Charts on a Display

da-kuk/E+ via Getty Images

Top gainers for the week ending March 25 did not see extravagant gains like last week, while building products related stocks formed the majority of the worst five decliners.

S&P 500 closed north of its 200-day moving average and now hinges at its 100-day moving average, slightly above the 4,500 marker. The SPDR S&P 500 Trust ETF (SPY) +1.84% was in the green for the second week in a row. YTD the ETF is -4.69%. Nine out of 11 sectors of the S&P 500 saw gains for the week. The Industrial Select Sector SPDR (XLI) +0.86% too saw green for the second straight week. YTD, XLI is -1.98%.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +9% with the top 3 running neck to neck.

Carpenter Technology (NYSE:CRS) +11.96%. The specialty metals maker said at the start of the week that it would raise base prices by an average of 12% to 15% on new, non-contract orders across the majority of its specialty alloy products. Wall Street Analysts’ Rating is Buy with an Average Price Target of $44.67. YTD, the stock is up +45.87%.

AGCO (AGCO) +11.72%. The conflict in Ukraine has already led nations to reassess their energy security, but food security is also making waves. AGCO CEO Eric Hansotia recently said “This is a really big deal, because when that volume of calories comes out of the food chain, it triggers other things. Not only hunger, but unrest.” The agricultural equipment maker’s stock rose throughout the week. Wall Street Analysts’ Rating is Buy with an Average Price Target of $155.25.

The chart below shows 6-month total return performance of the top gainers and SPY:

First Advantage (FA) +11.62%. The stock surged following the company’s Q4 results, which beat analysts’ estimates.

Veritiv (VRTV) +10.06%. The packaging and facility solutions provider gained the most on March 24 (+7.55%). In the past one year the stock has risen +221.85%. The Wall Street Analysts’ Rating is Strong Buy with an Average Price Target of $160.

Chart Industries +9.48%. The maker of engineered equipment for the energy sector was back among the top five gainers after two weeks. YTD the stock has risen +16.92%.

The week’s top five decliners among industrial stocks (market cap of over $2B) lost more than -13% each.

ZIM Integrated Shipping Services (NYSE:ZIM) -19.05%. The shipping stock led the losers’ pack this week but was the #1 gainer over two months ago and had performed well in January. YTD the stock has grown +16.21%.

Building products related stocks – Installed Building Products (IBP) -17.77%, TopBuild (BLD) -17.55% and Trex (TREX) -14.20%, came in second, third, and fourth, respectively.

Both IBP and BLD stocks declined throughout the week. IBP fell the most on March 21 (-6.64%) after Jefferies analyst Philip Ng downgraded the stock to Hold from Buy. The analyst sees risk of further multiple compression in a rising interest rate environment. Ng noted that the company has a mixed track record in offsetting inflation.

The chart below 6-month total return performance of the worst five decliners and XLI:

YTD, Trex has fallen -48.93%, IBP is down -37.48%, and BLD has declined -30.78%.

TuSimple (TSP) -13.52%. The autonomous trucking company continued its volatility this week as well. The stock had pared off some losses last week by being in the top five gainers (+40.60%) but has been seeing red for quite some time now. TuSimple intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses. YTD, the stock has declined -67.34%.

[ad_2]

Source link

Post Navigation

Previous PC Wins Build America Award for Paulding County Water Supply Program
Next Display Listing Broker Attribution At All Times

More Stories

Auckland Home Renovation Boom: What’s Driving the Trend in 2025?
  • Building

Auckland Home Renovation Boom: What’s Driving the Trend in 2025?

Rickey Andreu July 2, 2025 0
Building Inspection Costs: Your New Zealand Pricing Guide
  • Building

Building Inspection Costs: Your New Zealand Pricing Guide

Rickey Andreu July 2, 2025 0
Discover the Appeal of Quartz Countertops in Richmond, CA
  • Building

Discover the Appeal of Quartz Countertops in Richmond, CA

Rickey Andreu July 1, 2025 0
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« May    

Archives

  • July 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016

Categories

  • Apartment
  • Building
  • Construction
  • Furniture
  • House for Rent
  • Real Estate News

Recent Posts

  • Auckland Home Renovation Boom: What’s Driving the Trend in 2025?
  • Building Inspection Costs: Your New Zealand Pricing Guide
  • Discover the Appeal of Quartz Countertops in Richmond, CA
  • Inside Trump’s Private Jet: The Features That Make It Luxurious
  • Trump’s Luxury Jet vs. Air Force One: A Bold Comparison

Fiverr

Fiverr Logo

Tags

C&M Real Estate C&R Real Estate Services C.F. Real Estate C J Real Estate D&B Real Estate D'Arcy Real Estate D'Ettorre Real Estate D Real Estate Appraiser D Real Estate Daily D Real Estate Logo E Real Estate Agency E Real Estate Agents Act 2008 E Real Estate Corp E Real Estate Depot E Real Estate Depot Mission Tx E Real Estate Llc E Real Estate Logo E Real Estate Meaning F&C Real Estate Investments F&G Real Estate F Real Estate Developer F Real Estate Logo F Real Estate Management F Real Estate Words H&F Real Estate M&D Real Estate Real Estate Data Real Estate Definition Real Estate Degree Real Estate Desoto County Ms Real Estate Developer Real Estate Development Consultant Real Estate Dyer County Tn Real Estate Dyersburg Tn Real Estate Etf Real Estate Exam Prep Real Estate Exam Questions Real Estate Express Login Real Estate Express Reviews Real Estate Fayette County Tn Real Estate Florida Real Estate For Dummies Real Estate For Sale Real Estate For Sale Memphis Tn Real Estate For Sale Near Me
healotic
futsalnesia

You may have missed

Auckland Home Renovation Boom: What’s Driving the Trend in 2025?
  • Building

Auckland Home Renovation Boom: What’s Driving the Trend in 2025?

Rickey Andreu July 2, 2025 0
Building Inspection Costs: Your New Zealand Pricing Guide
  • Building

Building Inspection Costs: Your New Zealand Pricing Guide

Rickey Andreu July 2, 2025 0
Discover the Appeal of Quartz Countertops in Richmond, CA
  • Building

Discover the Appeal of Quartz Countertops in Richmond, CA

Rickey Andreu July 1, 2025 0
Inside Trump’s Private Jet: The Features That Make It Luxurious
  • Building

Inside Trump’s Private Jet: The Features That Make It Luxurious

Rickey Andreu May 20, 2025 0
Trump’s Luxury Jet vs. Air Force One: A Bold Comparison
  • Building

Trump’s Luxury Jet vs. Air Force One: A Bold Comparison

Rickey Andreu May 14, 2025 0
mendocinocoastproperty.com | CoverNews by AF themes.

WhatsApp us