The U.S. Department of Defense awarded 13 new contracts Wednesday, worth more than $730 million in aggregate. The largest of these awards, a $230 million contract to upgrade the U.S. Air Force’s Digital Video Laboratory III, went to privately owned SRI International of Menlo Park, Calif. But publicly traded companies weren’t entirely left out in the cold.
Johnson Controls’ (NYSE: JCI ) Federal Systems unit, along with six private companies, all claimed the right to participate in a firm-fixed-price, option-filled, multiple-award, task-order contract worth up to $95 million. Under this contract, the seven winners will compete to complete task orders for providing “construction and equipment installation services” worldwide for the U.S. Army Corps of Engineers. Verizon (NYSE: VZ ) Business Network Services won an $11.9 million modification of a contract to supply “managed network services” to the U.S. Army. And Northrop Grumman (NYSE: NOC ) won a $10.4 million contract modification to support unspecified “critical components” for U.S. and Coalition Partners in Afghanistan. The Pentagon noted in its announcement that the cumulative value of this latter contract is now approaching $198 million.
Editor’s note: A previous version of this article incorrectly mentioned Smith & Wesson Holding Corp. (NASDAQ: SWHC) as securing a contract. That is not the case. The Fool regrets the error.
Top Japanese Stocks To Watch Right Now: Grana y Montero SAA (GRAM)
Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others. The Company owns such subsidiaries as GMD SA, Concar SA, Survial SA, Norvial SA and Promotores Asociados de Inmobiliarios SA, among others. Advisors’ Opinion:
- [By alicet236]
Grana y Montero SAA (GRAM) Reached the Five-Year Low of $20.90
The prices of Grana y Montero SAA (GRAM) shares have declined to close to the five-year low of $20.90, which is 17.3% off the five-year high of $22.14. Grana y Montero SAA is owned by four Gurus we are tracking. Among them, four have added to their positions during the past quarter. Zero reduced their positions. Grana y Montero SAA was established in Peru on August 12, 1996 as a result of the equity spin-off of Inversiones GyM S. Grana Y Montero Saa has a market cap of $2.75 billion; its shares were traded at around $20.90 with a P/E ratio of 24.60 and P/S ratio of 1.24.
Top Japanese Stocks To Watch Right Now: Adecco SA (ADEN)
Adecco SA is a Switzerland-based holding company and provider of human resource services, including temporary staffing, outsourcing, permanent placement, outsourcing, outplacement and career management, training and consulting. The Company divides its activities into two main sectors: General Staffing and Professional Staffing. The General Staffing sector, which is the Company’s prime segment, is divided into two business lines: Adecco Office, which includes Adecco Office and Office Angels brands, and Adecco Industrial, including Adecco, Adecco Industrial and Tuja brands. The Professional Staffing sector is divided into four business lines: Information Technology, including Modis and Computer People brands; Engineering & Technical, including Adecco Engineering & Technical, Entegee and euro engineering brands; Finance & Legal, including Badenoch & Clark and Accounting Principals brands, and Medical & Science, including Soliant and Adecco Medical brands. Advisors’ Opinion:
- [By Corinne Gretler]
“Adecco fulfilled expectations on all levels,” Patrick Hasenboehler, an analyst at J. Safra Sarasin in Zurich, wrote in a report to clients. “The outlook statement is quite promising. Adecco (ADEN)’s strategy of focusing on profitability will continue to pay off.”
Top Japanese Stocks To Watch Right Now: Newcastle Investment Corp (NCT)
Newcastle Investment Corp. (Newcastle) is a real estate investment and finance company. Newcastle invests in, and actively manages, a portfolio of, real estate securities, loans, excess mortgage servicing rights (MSRs) and other real estate related assets. The Company segments include unlevered CDOs, which include unlevered investments in deconsolidated Newcastle CDO debt; unlevered excess MSRs; non-recourse other, which includes investments financed with other non-recourse debt; recourse, which includes investments and debt repurchases financed with recourse debt; unlevered other, which includes other unlevered investments, and corporate. In April 2011, Newcastle sold its retained interests in Newcastle CDO VII, a non-consolidated VIE of Newcastle. On May 15, 2013, the Company announced the spin-off of New Residential Investment Corp. In June 2013, Newcastle Investment Corp completed the sale of 100% of the assets in Newcastle CDO IV.
Real Estate Securities
Newcastle underwrite, acquire and manage a portfolio of credit sensitive real estate securities, including commercial mortgage backed securities (CMBS), senior unsecured real estate investment trust (REIT) debt issued by REITs, real estate related asset backed securities (ABS), including subprime securities, and Federal National Mortgage Association (FNMA)/ Federal Home Loan Mortgage Corp. (FHLMC) securities. As of December 31, 2011, the Company’s real estate securities represented 47.4% of its assets.
Real Estate Related Loans
Newcastle acquires and originates loans to real estate owners, including B-notes, mezzanine loans, corporate bank loans, and whole loans. As of December 31, 2011, the Company’s real estate related loans represented 22.3% of its assets.
Residential Mortgage Loans
Newcastle acquires residential mortgage loans, including manufactured housing loans and subprime mortgage loans. As of Decem ber 31, 2011, the Company’s residential mortgage loans rep! resented 9.1% of its assets.
Operating Real Estate
Newcastle acquires and manages direct and indirect interests in operating real estate. As of December 31, 2011, the Company’s operating real estate represented 0.9% of its assets.
Excess Mortgage Servicing Rights
Newcastle invested in excess MSRs in December 2011. As of December 31, 2011, the Company’s interests in these rights represented 1.2% of its assets.
- [By Albert Alfonso]
On April 26, Newcastle Investment Corp. (NCT) finally announced the spin-off date for shares in its wholly owned subsidiary New Residential (NRZ). The distribution is expected to be made on or about May 15, 2013. Below is a helpful timeline from the presentation related to the spin-off of New Residential:
- [By Amanda Alix]
This turn of events worked in favor of Fortress Investment Group’s (NYSE: FIG ) portfolio, which held the former Centex Corp, the subprime mortgage lending unit of a Texas homebuilder. That company is now Nationstar, which is definitely doing its fair share to add to its parent’s bottom line. Also owned by Fortress is Newcastle Investment (NYSE: NCT ) , the diversified REIT with an involvement in almost anything to do with real estate, whether residential or commercial.
- [By Matt Koppenheffer and David Hanson]
After an incredible run-up this year, the broader market trend was downward this week, to the tune of 1.6%, but some of the stocks out there were hit particularly hard. In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson take a look at what was behind three big dives this week: National Bank of Greece (NYSE: NBG ) , Newcastle Investment (NYSE: NCT ) , and American Capital Mortgage Investment (NASDAQ: MTGE ) .
- [By Eric Volkman]
Newcastle Investment (NYSE: NCT ) shareholders will find a little less money in their pockets following a reduction in the company’s common stock dividend. A fresh quarterly payout of $0.17 per share will be handed out on July 31 to shareholders of record as of June 13. That amount is a nickel lower than the firm’s previous distribution of $0.22 per share. The upcoming payout, however, will be the first one since Newcastle completed the divestment of onetime subsidiary New Residential Investment.
Top Japanese Stocks To Watch Right Now: Hexcel Corp (HXL)
Hexcel Corporation (Hexcel), incorporated in 1948, is a composites company. The Company develops, manufactures and markets composites, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, for use in Commercial Aerospace, Space and Defense, and Industrial Applications. Its products are used in a variety of end applications, such as commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive, bikes, skis and a variety of other industrial applications. Hexcel has two segments: Composite Materials and Engineered Products. The Composite Materials consists of carbon fiber, reinforcements for composites, honeycomb core and matrix product lines. The Engineered Products consists of composite structures and specially machined honeycomb product lines.
The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialt y reinforcements, prepregs, structural adhesives, honeycomb, composite panels, molding compounds, polyurethane systems and laminates that are incorporated into many applications, including military and commercial aircraft, wind turbine blades, recreational products and other industrial applications. HexTow carbon fibers are manufactured for sale to third-party customers, as well as for its own use in manufacturing certain reinforcements and composite materials. Carbon fibers are woven into carbon fabrics, used as reinforcement in conjunction with a resin matrix to produce pre-impregnated composite materials. Carbon fibers is also used in filament winding, hand layup, automatic tape layup and advanced fiber placement to produce finished composite components. Its carbon fibers’ product applications include structural components for commercial and military aircraft, space launch vehicles, and certain other applications, such as recreational and industrial equipment.
Industrial fabrics and specialty reinforcements are ma! de from a variety of fibers, including carbon, aramid and other polymers, several types of fiberglass, quartz, ceramic and other specialty fibers. These reinforcements are used in the production of prepregs and other matrix materials used in primary and secondary structural aerospace applications, such as wing components, horizontal and vertical stabilizer components, fairings, radomes and engine nacelles, as well as overhead storage bins and other interior components. Hexcel’s reinforcements are also used in the manufacture of a variety of industrial and recreational products, such as wind energy blades, automotive components, boats, surfboards, skis and other sporting goods equipment.
HexPly prepregs are manufactured for sale to third-party customers and for internal use by its engineered products segment in manufacturing composite laminates and monolithic structures, including finished components for aircraft structures and interiors. Prepregs are manufact ured by combining reinforcement fabrics or unidirectional fibers with a resin matrix to form a composite material with structural properties not present in either of the constituent materials. Reinforcement fabrics used in the manufacture of prepregs include glass, carbon, aramid, quartz, ceramic and other specialty reinforcements. Resin matrices include bismaleimide, cyanate ester, epoxy, phenolic, polyester, polyimide and other specialty resins.
Other fiber reinforced matrix developments include HexMC, a form of quasi-isotropic carbon fiber prepreg that enables small to medium sized composite components to be mass produced. HexTOOL is a specialized form of HexMC for use in the construction of high temperature composite tooling. HexFIT film infusion material is a product that combines resin films and dry fiber reinforcements in production and enables the manufacture of contoured composite structures, such as wind turbine blades.
Polymer matrix ma terials are sold in bulk and film form for use in direct pro! cess manu! facturing of composite parts. Resins can be combined with fiber reinforcements in manufacturing processes, such as resin transfer molding (RTM), resin film infusion (RFI) or vacuum assisted resin transfer molding (VARTM) to produce composite components for both aerospace and industrial applications. Hexcel manufactures and markets a range of Redux film and paste adhesives. These structural adhesives, which bond metal to metal and composites and honeycomb structures, are used in the aerospace industry and for many industrial applications.
HexWeb honeycomb is a cellular structure consisting of nested hexagonal cells. The product is similar in appearance to a cross-sectional slice of a beehive. It can also be manufactured in asymmetric cell configurations for more specialized applications. Honeycomb is primarily used as a lightweight core material and acts as an energy absorber. When sandwiched between composite or metallic facing skins, honeycomb increases the st iffness of the structure, while adding very little weight. The Company produces honeycomb from a number of metallic and non-metallic materials. Its metallic honeycomb is made from aluminum and is available in a selection of alloys, cell sizes and dimensions. Non-metallic materials used in the manufacture of honeycomb include fiberglass, carbon fiber, thermoplastics, non-flammable aramid papers, aramid fiber and other specialty materials. During the year ended December 31, 2011, revenues for the Composite Materials segment to third-party customers represented approximately 77% of its total revenues.
The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry. Composite structures are manufactured from a variety of composite and other materials, including prepregs, honeycomb, structural adhesives and advanced molding materials, using such man ufacturing processes, as autoclave processing, multi-axis nu! merically! controlled machining, heat forming, compression molding and other composite manufacturing techniques. During 2011, revenues for the Engineered Products segment to third-party customers represented approximately 23% of its total revenues. The Engineered Products business unit has a 50% ownership interest in a Malaysian joint venture, Asian Composites Manufacturing Sdn. Bhd.
- [By John Persinos]
The standout stocks in this segment are Hexcel Corp. (HXL), the leading producer of carbon composites, and Allegheny Technologies (ATI), which dominates the market in titanium.
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense, and which ones investors should act on. Today, our headlines include a pair of aerospace upgrades for European Aeronautic Defence and Space Company (NASDAQOTH: EADSY ) and Hexcel (NYSE: HXL ) . But it’s not all good news, so let’s start off by finding out why.
Top Japanese Stocks To Watch Right Now: Wisdomtree International Energy Sector Fund (GNAT)
WisdomTree International Energy Sector Fund (The Fund) is a non-diversified fund. It seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Energy Sector Index (The Index). The Fund is managed by WisdomTree Asset Management, Inc.
The Index is derived from WisdomTree Index of Europe, Far East Asia and Australasia (DEFA) Fund. It measures the performance of dividend-paying companies in developed markets outside of the United States and Canada within the international energy sector. The companies are weighted in the Index based on regular cash dividends paid. The Index includes companies from oil and gas producers, oil and gas services, pipelines, alternative energy sources, and coal industries.
- [By Todd Shriber, ETF Professor]
Unusual volume (at least 5X ADV): Market Vectors Gaming ETF (NYSE: BJK), Guggenheim Timber ETF (NYSE: CUT), WisdomTree Global Natural Resources ETF (NYSE: GNAT), iShares MSCI Global Gold Miners (NYSE: RING) and the Global X Social Media Index ETF (NASDAQ: SOCL).