United Technologies Corporation (NYSE:UTX) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 0.41% to 101.85 with about 326833 shares have changed hands in this session. Ducommun Inc. (DCO), a manufacturer of Electronic and Structural Systems in the aerospace, defense and industrial markets, Wednesday reported that it has attained a multimillion-dollar contract from UTC Aerospace Systems, a unit of United Technologies Corp. (UTX).
Under the accord, Ducommun will manufacture complex electronic assemblies for an upgrade to the braking system of a major commercial aircraft program. Production is taking place at Ducommun’s operations centers in Appleton, Wis., Huntsville, Ark., and Joplin, Mo. Earlier, the firm inked a long-term supply contract with United Technologies in 2015 to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units. The stock is going forward its fifty-two week low with 24.62% and lagging behind from its 52-week high price with -6.92%.
Same, the positive performance for the quarter recorded as 0.66% and for the year was 12.90%, while the YTD performance remained at 7.72%. UTX has Average True Range for 14 days of 1.42.
RPM International Inc. (NYSE:RPM) [Trend Analysis] retains strong position in active trade, as shares scoring -2.35% to $51.49 in a active trade session, while looking at the shares volume, about 379394 shares have changed hands in this session. RPM International Inc. (RPM) released that it has maintained guidance for eps in fiscal 2017 of among $2.68 and $2.78.
Frank Sullivan, RPM chairman and chief executive officer, stated, “We continue to generate growth across most RPM businesses despite many market and economic challenges, and our operating units were able to leverage this modest sales growth into very strong EBIT growth.” In its first quarter, net income was up 13% to $112.8 million from $99.8 million in the year-before period. Eps of $0.83 surged 12.2% from $0.74 previous year. The firm has institutional ownership of 73.80%, while insider ownership included 1.40%. RPM attains analyst recommendation of 2.60 with week’s performance of -0.43%. Investors looking additional ahead will note that the Price to next year’s EPS is 10.95%.