NEW YORK, March 20, 2013 /PRNewswire/ --
Today, Wall Street Source announced new research reports
highlighting Triumph Group Inc (NYSE:TGI), Teledyne Technologies
Incorporated (NYSE:TDY), EDAC Technologies Corporation
(NASDAQ:EDAC), Sturm, Ruger & Company (NYSE:RGR) and HEICO
Corporation (NYSE:HEI). Today's readers may access these reports
free of charge - including full price targets, industry analysis
and analyst ratings - via the links below.
Triumph Group Inc Research Report
Triumph Group has announced that its acquisition of Goodrich
Corporation's pump and engine control systems business from United
Technologies has been completed for an undisclosed sum, as a part
of United Technologies' divestitures required by regulators as a
condition of its earlier $18.4
billion purchase of Goodrich in 2011. Management says the
business is expected to add approximately $195 million in annual revenue and to be
immediately accretive to earnings in fiscal year 2014. Meanwhile,
United Technologies also said it has an agreement to sell a
Goodrich electric power systems business, at the approval of
regulators. In relation to the deal, regulators said the original
deal would have combined the only two significant suppliers of
large main engine generators for aircraft in the world and resulted
in "higher prices, less favorable contractual terms and less
innovation for aircraft components." The Full Research Report on
Triumph Group Inc - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge
at:
[http://www.wallstsource.com/r/full_research_report/a47d_TGI]
--
Teledyne Technologies Incorporated
Research Report
Teledyne subsidiary Teledyne Brown Engineering has been awarded
an $8.5 million contract with the US
Department of Defense to provide "reprogramming services" under an
"indefinite delivery, indefinite quantity" agreement to develop and
test a development model of a shallow water combat submersible.
Teledyne is tasked to design, develop, test, manufacture and
sustain the said submersible, which will replace the current SEAL
Delivery Vehicle. The new variant, formerly designated the Advanced
SEAL Delivery System, is likened to a mini-submarine, carrying one
pilot and one SEAL within an enclosed hull. Meanwhile, Teledyne
acquired marine acoustic imaging and measurement solutions provider
RESON A/S for an undisclosed amount. The acquired company will
operate under the name Teledyne RESON. The Full Research Report on
Teledyne Technologies Incorporated - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wallstsource.com/r/full_research_report/03d7_TDY]
--
EDAC Technologies Corporation Research
Report
EDAC Technologies announced that it has entered into an
agreement to be bought out by Greenbriar Equity Group LLC affiliate
GB Aero Engine LLC for $17.75 per
share in cash, pursuant to a cash tender offer and second step
merger, for an aggregate equity value of approximately $104.1 million. The $17.75 for each share represents a premium of
approximately 29.6 percent over EDAC's average closing price during
the 90 trading days ending March 15,
2013, and a 19.8 percent premium over EDAC's average closing
price during the 30 trading days ending March 15, 2013. However, a number of law firms
have started to investigate the merger, citing concerns of EDAC
board members breached their fiduciary duties to stockholders by
failing to adequately shop the company before agreeing to enter
into the proposed transaction, and whether it has disclosed all
material information to shareholders about the transaction. The
Full Research Report on EDAC Technologies Corporation - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wallstsource.com/r/full_research_report/903a_EDAC]
--
Sturm, Ruger & Company Research
Report
Sturm, Ruger cruised past estimates in its Q4 2012 results as
demand for its guns outpaced the growth in overall industry demand.
The company posted earnings per share of $1 on sales of $141.8
million, in comparison to earnings of 82 cents per share and sales of $122 million as what analysts expected. This
comes despite an industry-wide struggle to sell firearms in the
months following a mass shooting in Newtown, Connecticut. The shooting, which left
20 children and six adults dead, reignited the debate over U.S. gun
laws. However, sales have since risen since President Obama's
reelection in November. Meanwhile, Sturm, Ruger declared a dividend
of 40.4 cents per share for the
fourth quarter, for shareholders of record as of March 8, 2013, payable on March 22, 2013. The Full Research Sturm, Ruger
& Company - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.wallstsource.com/r/full_research_report/1149_RGR]
--
HEICO Corporation Research Report
HEICO posted its Q1 2013 financial results which both failed to
meet expectations though did post growth year over year due to
global economic uncertainty and domestic governmental spending
reductions. The company posted earnings per share of 37 cents, up 2.78 percent from the same period
last year, while revenue rose 1.8 percent to $216.49 million year over year. In comparison,
analysts wanted to see earnings per share of 40 cents per share and revenue of $227.65 million. Meanwhile, management is
optimistic of its growth prospects for the second half of fiscal
2013 with a 13 percent increase in spending on new product
development, though analysts have a more negative outlook of a
profit of 41 cents per share. The
Full Research Report on HEICO Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wallstsource.com/r/full_research_report/d699_HEI]
--
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SOURCE Wall Street Source
