Weekly Overview: Capital Goods Sector

Over the recent week (January, 30 – February, 3) the Capital Goods sector experienced several bounces and after slow movement in the first two trading days the Capital Goods index showed steady heading up and ended the trading week 4.09% up while S&P index showed a raise of 2.18% before the closing bell.

At the end of the trading week the Capital Goods sector showed a raise of 2.24%. All in all 94% companies experienced growth: 40% in the range from 0 to 2% and 54% gained more than 2%. And only 6% companies in the sector moved down: 3 % in each range, from 0 to 2% and more than 2%.

 

 

KB Home (NYSE:KBH) hit the list of major unusual movers in the sector before the closing bell on Friday (February, 3). After opening trading on Monday (January, 30) at $9.562 the shares of KBH were moving steadily and after a small downgrade the shares started heading up over the last three days of the trading week. Thus, the weekly trading closed at $10.81 with a surge of 12.75% or $1.22 per share. The company’s market capitalization at the closing price stands at $833.37 million. The company owns 77.09 million outstanding shares distributed among stock market portfolios of different investors.

KB Home is engaged in the Construction Services . It is focused on constructing and selling homes. The company conducts its operations in 32 markets and 9 states.

 

 

Cummins Inc. (NYSE:CMI) was registered among the most active stocks in terms of dollar volume. Over the trading week the company experienced steady growth and moved from $103.148 on Monday (January, 30) to $120.09 (February, 3), which is 16.4% over the week. CMI closed the weekly trading session with the highest surge of 5.98% or $6.78 per share. At the closing price the company’s market capitalization amounts to $23.06 billion, which refers CMI to a group of large cap companies. The company’s beta is equal to 1.99 which means that the company is a high risk one as the stock is almost twice more volatile than the market.

Cummins Inc. belongs to the Misc. Capital goods industry. The company is engaged in design, production and distribution as well as delivering engine-related products and services to customers worldwide.

 

 

Dresser-Rand Group Inc. (NYSE:DRC) dropped by 6.92% or $3.66 before the last closing bell of the weekly session after four days of stable trading. The company’s market capitalization at the closing price of $49.21 is equal to $3.70 billion which refers the company to a group of mid cap companies. The company is the owner of 75.24 million outstanding shares engaged in stock portfolios of multiple investors. Over the recent year the company was trading as high as $12.93 and as low as $5.87. DRC has a beta of 1.23 which indicates that the stock is slightly more volatile than the market.

Dresser-Rand Group Inc. is a representative of the Misc. Capital goods industry. The company is involved in providing custom-engineering solutions for a wide range of industries.