Stock Price Updates, Award, Appointment, Earnings Release, and Sustainability Report - Analyst Notes on B/E, Raytheon, Eaton, Eagle Materials and Cummins
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NEW YORK, May 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding B/E Aerospace Inc. (NASDAQ: BEAV), Raytheon Company (NYSE: RTN), Eaton Corp. Plc (NYSE: ETN), Eagle Materials Inc. (NYSE: EXP) and Cummins Inc. (NYSE: CMI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2682-100free.
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B/E Aerospace Inc. Analyst Notes
On May 15, 2014, B/E Aerospace Inc.'s (B/E Aerospace) stock declined 1.57% to end the trading session at $96.41. Shares in B/E Aerospace opened the session at $97.20 and fluctuated between $96.10 and $97.82, with a total of 2.67 million shares changing hands. Over the past one month, the stock has gained 17.42%, outperforming the Dow Jones Industrial Average that gained 1.12% over the same period. According to a Reuters report released that same day, an activist investment firm Relational Investors LLC disclosed in regulatory filing that it owns a 3.5% stake in B/E Aerospace. The disclosure came close on the heels of the Company announcing plans for a possible sale or merger, among other strategic options, to enhance shareholder value. According to the report, Relational started buying shares in B/E Aerospace in February this year and also met with its management in April 2014 to discuss strategic options. The full analyst notes on B/E are available to download free of charge at:
http://www.analystsreview.com/2682-BEAV-20May2014.pdf
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Raytheon Company Analyst Notes
On May 15, 2014, Raytheon Company (Raytheon) announced that its Missile Systems business has been honored with the 2014 Excellence in Innovation award by the Arizona Manufacturers Council during a ceremony in Phoenix. According to the Company, the award recognizes its use of Cave Automatic Virtual Environment (CAVE), wherein Raytheon's engineering and manufacturing teams work with the information technology experts on stereoscopic 3D and augmented-reality technologies for missile designs. Kim Ernzen, Raytheon Missile Systems Operations Vice President, commented, "Raytheon strives to leverage the latest technology in designing the best possible products for all of our customers. By developing solutions in a virtual environment, Raytheon is reducing cycle time and costs while increasing reliability and value." The full analyst notes on Raytheon are available to download free of charge at:
http://www.analystsreview.com/2682-RTN-20May2014.pdf
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Eaton Corp. Plc Analyst Notes
On May 13, 2014, Eaton Corp. Plc (Eaton) announced the appointment of Doug Ourada as the Plant Manager of its Hastings, Nebraska, automotive facility, with effect from May 5, 2014. In his new role, Doug Ourada will report to Kathy Grisdela, Director of Operations, Automotive North America, while being responsible for developing and driving the long-term strategy and direction of the Hastings plant. In addition, Ourada will be responsible for initiating growth opportunities as well as enhancing safety, employee engagement, quality, productivity and customer satisfaction. Commenting on the appointment, Kathy Grisdela, said, "Doug has demonstrated strong leadership qualities throughout his career with Eaton. His unique combination of operational, quality and product knowledge along with strong customer relationships will be a great asset to the Hastings team." The full analyst notes on Eaton are available to download free of charge at:
http://www.analystsreview.com/2682-ETN-20May2014.pdf
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Eagle Materials Inc. Analyst Notes
On May 14, 2014, Eagle Materials Inc. (Eagle Materials) released its Q4 FY 2014 and FY 2014 earnings results (period ended March 31, 2014). The Company reported Q4 FY 2014 revenues of $189.9 million, up 19.3% YoY. During the quarter, the Company's EBIT more-than-doubled to $33.8 million from $15.4 million in Q4 FY 2013 as sales volumes improved across all businesses, reflecting improving construction fundamentals in the U.S. despite unusually severe winter weather. The Company's Q4 FY 2014 net earnings came in at $22.6 million, or $0.45 per diluted share, compared to net earnings of $7.8 million, or $0.16 per diluted share, in Q4 FY 2013. For FY 2014, the Company reported revenues of $898.4 million, up 39.8% YoY. The Company's FY 2014 net earnings stood at $124.2 million or $2.49 per diluted share, compared to net earnings of $57.7 million or $1.22 per diluted share in FY 2013. The full analyst notes on Eagle Materials are available to download free of charge at:
http://www.analystsreview.com/2682-EXP-20May2014.pdf
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Cummins Inc. Analyst Notes
On May 15, 2014, Cummins Inc. (Cummins) informed that it has released its 2013-2014 sustainability report with the theme of "Living Our Values" that focuses on six core values: integrity, innovation, delivering superior results, corporate responsibility, diversity, and global involvement. According to the Cummins, the report demonstrates how the Company is dealing with its six core values in key areas of sustainability: the environment, corporate responsibility, safety, diversity, governance, and financial. According to the report, the Company aims to reduce its energy use by 25% and greenhouse gas (GHG) emissions by 27% by 2015. In addition, Cummins also aims to reduce the direct water use by 33% across the Company, adjusted to hours worked while achieving water neutrality at 15 manufacturing sites in water stressed countries by 2020. The full analyst notes on Cummins are available to download free of charge at:
http://www.analystsreview.com/2682-CMI-20May2014.pdf
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