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Toro (NYSE:TTC) 株価情報, 空売り情報

Toro

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

The Toro Co

TS Tech Co Ltd

Tattooed Chef Inc

TITAN CEM INTL NV REG SHS by TITAN CEM INTL N V

Titan Cement International SA

Tautachrome Inc

DIANNE CRAIG, Director at Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), disclosed an insider purchase on November 5, based on a new SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000737758/000073775824000057//Archives/edgar/data/737758/000073775824000057/0000737758-24-000057-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled that CRAIG made a notable purchase of 1,101 shares of Toro, valuing at $89,731.
The latest update on Tuesday morning shows Toro shares up by 1.24%, trading at $81.68.
<h3>All You Need to Know About Toro</h3>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Understanding the Numbers: Toro's Finances</h3>
Revenue Growth: Toro's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 6.94%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 34.82%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Toro's EPS is below the industry average. The company faced challenges with a current EPS of 1.15. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Toro's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 21.18 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.88 is above industry norms, reflecting an elevated valuation for Toro's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 13.48, Toro demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000737758">Check Out The Full List Of Toro's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

DIANNE CRAIG Boosts Confidence With $89K Purchase Of Toro Stock

A noteworthy insider acquisition was disclosed on November 5, as CRAIG, Director at Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), reported the acquisition of stock options for 2,167 shares.
What Happened: CRAIG, Director at Toro, engaged in a derivative transaction according to a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000737758/000073775824000057//Archives/edgar/data/737758/000073775824000057/0000737758-24-000057-index.htm">U.S. Securities and Exchange Commission</a>. This involved the acquisition of stock options for 2,167 shares of TTC, providing the right to purchase the company's stock at an exercise price of $81.5 per share.
During Tuesday's morning session, Toro shares up by 1.24%, currently priced at $81.68. Considering the current price, CRAIG's 2,167 shares have a total value of $390.
<h3>Discovering Toro: A Closer Look</h3>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Financial Insights: Toro</h3>
Positive Revenue Trend: Examining Toro's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.94% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 34.82%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Toro's EPS is below the industry average. The company faced challenges with a current EPS of 1.15. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.68, Toro adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Toro's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 21.18.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.88, Toro's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 13.48, Toro demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000737758">Check Out The Full List Of Toro's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DIANNE CRAIG Sees Potential Growth And Acquires In Toro Stock Options

4 analysts have expressed a variety of opinions on Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Toro and provided 12-month price targets. The average target is $95.5, accompanied by a high estimate of $102.00 and a low estimate of $88.00. This current average represents a 5.68% decrease from the previous average price target of $101.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1725897611_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Toro. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Ted Jackson</td>
<td>Northland Capital Markets</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$102.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Toro. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Toro compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Toro's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Toro's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TTC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Toro analyst ratings.</a>
<h2>Unveiling the Story Behind Toro</h2>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Understanding the Numbers: Toro's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Toro's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.94% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Toro's net margin excels beyond industry benchmarks, reaching 10.31%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Toro's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.68, Toro adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Key Takeaways From Toro Analyst Ratings

DA Davidson analyst Michael Shlisky maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and lowers the price target from $103 to $88.

Price Target

DA Davidson Maintains Neutral on Toro, Lowers Price Target to $88

Northland Capital Markets analyst Ted Jackson reiterates Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Market Perform and maintains $100 price target.

Reiteration

Northland Capital Markets Reiterates Market Perform on Toro, Maintains $100 Price Target

Baird analyst Timothy Wojs maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and lowers the price target from $102 to $92.

Baird Maintains Neutral on Toro, Lowers Price Target to $92

Signs of a cooling labor market last month pushed major U.S. stock averages lower on Thursday, ahead of the highly anticipated August jobs report set for release on Friday.
Private sector job creation came in at 99,000 for August, according to ADP data, marking the slowest pace of growth since January 2021 and missing <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">the forecast of 140,000.</a>
A stronger-than-expected services sector activity sentiment for August offered some relief to broader recession concerns, but an employment subindex bolstered hints of the ongoing cooling <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40732534/services-sector-activity-expands-more-than-expected-in-august-but-employment-growth">in the labor market.</a>
The S&amp;P 500 dropped below the 4,500 support level for the first time since mid-August, extending weekly losses to 2.9%, and is on track for its worst week since mid-April.
Tech stocks managed to pare losses, with semiconductor shares holding steady. Blue-chip stocks underperformed, as the Dow Jones slid 0.8%, while small-cap stocks fell 0.6%.
A decision from OPEC+ to delay an October oil production increase by two months supported crude prices and further pressured already fragile investor sentiment. West Texas Intermediate (WTI) crude stopped its decline after suffering its worst two-day slump since October 2023.
Treasury yields dipped slightly, and the U.S. dollar softened. Meanwhile, gold edged higher by 0.6%.
Natural gas was Thursday's standout performer, with Henry Hub prices surging over 5%. The U.S. Energy Information Administration reported a natural gas storage injection of 13 billion cubic feet (Bcf) for the week ending Aug. 30, significantly below historical averages and expectations.
Sentiment in crypto assets worsened, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tumbling 3% to $56,170. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,906.30</td>
<td>-0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,495.09</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,132.72</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,638.99</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:52 p.m.</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% lower to $548.40.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $407.30.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.1% lower to $459.90.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $211.35.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 0.8%, while the Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied 4% after announcing it plans to roll out its Full Self-Driving (FSD) technology in China and Europe during the first quarter of 2025, pending regulatory approvals. The EV maker will also produce a six-seat Model Y variant in China, starting next year.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) announced Thursday it has reached an agreement to acquire Frontier Communications Parent Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NYSE">FYBR</a>) in an all-cash deal valued at approximately $20 billion. Shares of Verizon eased 0.6%, while those of Frontier Communication Parent plummeted 9% after rallying 37% on Wednesday.</li>
<li>United Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) rose 4% after tumbling 17% Wednesday. According to Reuters, the Committee on Foreign Investment in the U.S. (CFIUS) has raised concerns about potential national security risks related to Nippon Steel&#8217;s planned $14.9 billion acquisition of U.S. Steel. </li>
<li>NIO Inc. &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rallied 11% in reaction to upbeat quarterly results and improved guidance.</li>
<li>Other stocks reacting to earnings results included The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) down over 10%, Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) down 6.7%, Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) down 5.3%, Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) down 0.7%, Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) and C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), both down around 13%.</li>
<li>Companies reporting results after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Ui Path Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) and Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>). </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">Could August Jobs Numbers Keep Recession Fears At Bay? &#8216;This Time Is Different,&#8217; Analyst Says</a> Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!</li>
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S&P 500 Falls Below 5,500 Points On Cooling Jobs Data, Tesla Leads Tech Gains, Natural Gas Spikes: What's Driving Markets Thursday?

The Toro Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40728882/the-toro-company-reports-results-for-the-third-quarter-of-fiscal-2024" rel="noreferrer noopener">third-quarter results</a>.
Sales increased 6.9% Y/Y to $1.156 billion, missing the consensus of $1.259 billion. Professional $880.9 million (-1.7% Y/Y), and Residential $267.5 million (+52.6% Y/Y).
Adjusted EPS of $1.18 (+24.2% Y/Y) missed <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus of $1.22</a>.
Adjusted gross margin expanded to&nbsp;35.4%&nbsp;from&nbsp;34.4%&nbsp;a year ago, led by productivity improvements and net price realization.
Adjusted operating margin for the third quarter was 13.7%, up from 12.2% in the same period last year. As of August 2, cash and equivalents stood at $221.1 million.
Richard M. Olson, chairman and chief executive officer, said, &#8220;In both segments, we saw increased caution from homeowners and lawn care dealers as summer progressed due to macro factors, which resulted in lower-than-expected shipments of residential and professional lawn care products to our dealer channel.&#8221;
FY24&nbsp;Outlook: Toro now expects company net sales growth of about&nbsp;1% (prior view: low single-digit growth) and adjusted EPS of&nbsp;$4.15 &#8211; $4.20 (<a target="_blank" href="https://www.benzinga.com//node/39211987" rel="noreferrer noopener">prior: $4.25 &#8211; $4.35</a>) vs. consensus of&nbsp;$4.30.
Olson added, &#8220;We are already realizing benefits from our multi-year productivity initiative named AMP, and we expect these benefits to accelerate during the next two years. We remain on track to deliver at least $100 million in annualized <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">run rate savings by fiscal 2027.</a>&#8220;
&#8220;We are extremely well positioned in attractive end markets, and look ahead with optimism to fiscal 2025 and beyond,&#8221; added Olson.
Investors can gain exposure to the stock via&nbsp;Invesco Water Resources ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHO#NASDAQ">PHO</a>) and&nbsp;Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBSM#NYSE">NBSM</a>).
Price Action: TTC shares are down 12.6%&nbsp;at&nbsp;$79.51&nbsp;premarket at the last check Thursday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Guidance

Movers

Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF

NBSM

PowerShares Exchange Traded Fund Water Resource Portfolio

Why Is Outdoor Equipment Products Provider Toro Stock Plunging Today?

For fiscal 2024, the company now expects total company net sales growth of about 1%, and &#x2A;adjusted diluted EPS in the range of $4.15 to $4.20. This guidance is based on current visibility and assumes:
<ul>
<li>a continuation of macro factors that have driven increased consumer and channel caution;</li>
<li>continued strong demand and stable supply for our underground construction, and golf and grounds businesses; and</li>
<li>weather patterns aligned with historical averages for the remainder of the year.</li>
</ul>
This guidance also considers:
<ul>
<li>remaining adjustments needed to normalize field inventory levels of lawn care products and snow and ice management solutions;</li>
<li>manufacturing inefficiencies as production and inventory levels continue to be adjusted to market conditions; and</li>
<li>the net impact across all residential mass channel partners related to our new strategic partnership with Lowe&#39;s.</li>
</ul>

The Toro Company For 2024 Now Expects Total Company Net Sales Growth Of About 1%; Sees Adj. EPS Of $4.15-$4.20 (Prior Adj. EPS $4.25-$4.35) Vs. $4.30 Consensus

WIIM

Toro shares are trading lower after the company reported worse-than-expected Q3 financial results.

Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) reported quarterly earnings of $1.18 per share which missed the analyst consensus estimate of $1.22 by 3.28 percent. This is a 24.21 percent increase over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $1.156 billion which missed the analyst consensus estimate of $1.259 billion by 8.18 percent. This is a 6.84 percent increase over sales of $1.082 billion the same period last year.

Earnings Misses

Toro Q3 2024 Adj. EPS $1.18 Misses $1.22 Estimate, Sales $1.156B Miss $1.259B Estimate

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index in the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the S&amp;P 500 and the Nasdaq Composite recording losses for a second session in a row.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell 1.7% on Wednesday amid reports that the U.S. Department of Justice (DOJ) <a href="https://www.benzinga.com/government/24/09/40697462/nvidia-receives-doj-subpoena-in-antitrust-investigation-what-to-know">subpoenaed Nvidia</a> and other companies as part of an investigation into potential antitrust law violations. Shares of Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) dipped over 22% on Wednesday after the company reported worse-than-expected second-quarter 2024 earnings.
On the economic data front, the trade deficit in the U.S. increased to $78.8 billion in July, recording the biggest gap since June 2022, versus a gap of $73 billion in June.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, information technology, and materials stocks recording the biggest losses on Wednesday. However, utilities and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 38 points to 40,974.97 on Wednesday. The S&amp;P 500 fell 0.16% to 5,520.07, while the Nasdaq Composite declined 0.30% at 17,084.30 during Wednesday's session.
Investors are awaiting earnings results from Science Applications International Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NYSE">SAIC</a>), The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.9, the index remained in the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 54.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

Markets

DLTR

NVDA

SAIC

S&P 500, Nasdaq Fall For 2nd Straight Session Amid Nvidia Decline: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading slightly lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Science Applications International Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NYSE">SAIC</a>) to report quarterly earnings at $1.86 per share on revenue of $1.79 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Science Applications shares fell 0.2% to $129.00 in after-hours trading.</li>
<li>Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) <a href="https://www.benzinga.com/news/earnings/24/09/40718730/hewlett-packard-reports-better-than-expected-q3-results-details">reported</a> better-than-expected third-quarter financial results, after the closing bell on Wednesday. The company reported quarterly earnings of 50 cents per share, which beat the analyst consensus estimate by 6.38%. Quarterly sales came in at $7.71 billion, which beat the analyst consensus estimate of $7.66 billion. HPE shares slipped 2% to $18.40 in the after-hours trading session.</li>
<li>Analysts expect The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) to post quarterly earnings of $1.22 per share and a revenue of $1.26 billion. The company will release earnings before the markets open. Toro shares rose 0.6% to $91.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) reported worse-than-expected second-quarter financial results and announced a new $200 million stock buyback program. Verint shares dipped 17.5% to $24.65 in the after-hours trading session.</li>
<li>Analysts expect Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) to report quarterly earnings at $1.20 per share on revenue of $12.96 billion after the closing bell. Broadcom shares fell 0.1% to $154.00 in the after-hours trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>
Image generated using AI tools

VRNT

SAIC, Hewlett Packard Enterprise And 3 Stocks To Watch Heading Into Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Oppenheimer raised the price target for United Therapeutics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTHR#NASDAQ">UTHR</a>) from $400 to $575. Oppenheimer analyst Hartaj Singh maintained an Outperform rating. United Therapeutics shares gained 0.7% to close at $349.23 on Tuesday. <a href="https://www.benzinga.com/quote/UTHR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho lowered the price target for BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) from $60 to $52. Mizuho analyst Siti Panigrahi maintained a Neutral rating. BILL Holdings shares gained 7.5% to close at $53.48 on Tuesday. <a href="https://www.benzinga.com/quote/BILL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Craig-Hallum raised Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) price target from $80 to $85. Craig-Hallum analyst Richard Shannon maintained a Buy rating. Ambarella shares gained 3.2% to close at $52.79 on Tuesday. <a href="https://www.benzinga.com/quote/AMBA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group cut the price target for Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) from $190 to $170. Evercore ISI Group analyst Stephen Richardson maintained an Outperform rating. Albemarle shares gained 0.04% to close at $88.98 on Tuesday. <a href="https://www.benzinga.com/quote/ALB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised Cognizant Technology Solutions Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) price target from $81 to $82. RBC Capital analyst Daniel Perlin maintained a Sector Perform rating. Cognizant Technology shares rose 0.4% to close at $77.15 on Tuesday.<a href="https://www.benzinga.com/quote/CTSH/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>B of A Securities raised Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) price target from $18 to $20. B of A Securities analyst Lorraine Hutchinson maintained an Underperform rating. Nordstrom shares fell 2.5% to close at $21.14 on Tuesday. <a href="https://www.benzinga.com/quote/JWN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) from $100 to $102. Baird analyst Timothy Wojs maintained a Neutral rating. Toro Company shares gained 0.2% to close at $90.60 on Tuesday. <a href="https://www.benzinga.com/quote/TTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein boosted Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) price target from $68 to $70. Bernstein analyst Peter Weed maintained a Market Perform rating. Twilio shares gained 2.2% to close at $61.99 on Tuesday. <a href="https://www.benzinga.com/quote/TWLO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $552 to $448. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. Ulta Beauty shares fell 1% to close at $371.35 on Tuesday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) price target from $44 to $45. Citigroup analyst Douglas Irwin upgraded the stock from Neutral to Buy. Delek Logistics Partners shares fell 0.4% to close at $38.83 on Tuesday. <a href="https://www.benzinga.com/quote/DKL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AMBA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28091528/image-284-1024x513.png" alt="" class="wp-image-518397" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28091528/image-284-1024x513.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28091528/image-284-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28091528/image-284-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28091528/image-284.png 1350w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

AMBA

BILL

CTSH

TWLO

ULTA

UTHR

Ambarella To Rally Around 61%? Here Are 10 Top Analyst Forecasts For Wednesday

Baird analyst Timothy Wojs maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and raises the price target from $100 to $102.

Baird Maintains Neutral on Toro, Raises Price Target to $102

LECO

PCAR

PPIH

Shares of machine companies are trading higher following Core Retail Sales and Retail Sales economic data. Also, strength may be due to trader optimism that the Fed will cut rates.

Griffon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFF#NYSE">GFF</a>) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.

Global

The Toro Company Announces The Sale Of Its Australia-Based Residential Pope Products Business; Financial Terms Not Disclosed

In a new SEC filing on June 25, it was revealed that Olson, Chairman &amp; CEO at Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000737758/000112760224019191//Archives/edgar/data/737758/000112760224019191/0001127602-24-019191-index.htm">U.S. Securities and Exchange Commission</a>, Olson, Chairman &amp; CEO at Toro, executed a strategic derivative sale. This involved exercising stock options for 20,000 shares of TTC, resulting in a transaction value of $1,272,100.
Toro shares are trading down 0.0% at $94.98 at the time of this writing on Tuesday morning. Since the current price is $94.98, this makes Olson's 20,000 shares worth $1,272,100.
<h3>About Toro</h3>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Toro: A Financial Overview</h3>
Positive Revenue Trend: Examining Toro's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.72% as of 30 April, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 33.58%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Toro's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.39.
</li>
</ul>
Debt Management: Toro's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.69.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: Toro's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 37.54.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.26, Toro's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 21.44, Toro demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000737758">Check Out The Full List Of Toro's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options Movement At Toro: Richard Olson Exercises Worth $1.27M

Baird analyst Timothy Wojs maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and raises the price target from $90 to $100.

Baird Maintains Neutral on Toro, Raises Price Target to $100

Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set <a href="https://www.benzinga.com/top-stories/24/06/39189878/are-more-americans-looking-for-a-job-heres-what-the-next-employment-report-might-show">for release Friday.</a>
After driving the broader stock market to record highs on Wednesday, chipmakers saw a slight pullback. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dipped 3% as of 1 p.m. in New York.
In regulatory news, the U.S. Justice Department and the Federal Trade Commission have agreed to proceed with antitrust investigations into the dominant roles of Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), OpenAI and Nvidia in the artificial intelligence industry, as reported by Reuters.
On the macroeconomic front, initial jobless claims rose more than expected last week, and first-quarter labor costs were revised lower. These developments bolstered market expectations that the Federal Reserve might begin cutting rates in the third quarter.
The European Central Bank announced a 0.25% rate cut, as widely anticipated, but emphasized the need for a data-dependent approach, <a href="https://www.benzinga.com/markets/equities/24/06/39204534/european-central-bank-cuts-interest-rates-by-0-25-but-projects-inflation-above-target-well-into-">proceeding meeting by meeting.</a>
Commodities strengthened, supported by the prospect of further <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39210617/central-banks-are-cutting-interest-rates-will-the-fed-be-the-next-to-move">rate cuts by central banks</a>. West Texas Intermediate light crude climbed 1.6% to $75 a barrel, following a 1.9% rally on Wednesday.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), rose 0.7%, while silver surged nearly 4%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell slightly by 0.4%, potentially ending a five-day winning streak.
<h3 class="wp-block-heading">Thursday&#8217;s Performance On Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,799.72</td>
<td>0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,028.41</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,345.02</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,052.28</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:12 p.m. ET</figcaption></figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% lower to $533.76.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was flat at $388.77.</li>
<li>The tech-heavy Invesco QQQ Trust (ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was flat at $463.30.</li>
<li>Sector-wise, the&nbsp;Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)&nbsp;outperformed, up by 0.5%, while the&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) rose over 7%, marking the best performance within S&amp;P 500 index. </li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) rallied nearly 7%, in reaction to the company&#8217;s better-than-expected quarterly results. </li>
<li>Other stocks reacting to company results were: Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>), up 16%, The J.M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), up 5.3%, The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), up 13%, Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), up 1.3%, Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)l, down 12%, and Sprinklr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>), down 15%.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) fell over 8%, eyeing the largest one-day drop in more than two years.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rallied by 20% after rising 19% on Wednesday.</li>
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) rose 7%, after the company agreed to buy cryptocurrency exchange Bitstamp for around all-cash deal worth $200 million. </li>
</ul>
Read now: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39210989/is-robinhoods-crypto-exchange-deal-really-massive-and-the-first-domino-to-fall">Is Robinhood&#8217;s Crypto Exchange Deal Really &#8216;Massive&#8217; And The &#8216;First Domino To Fall?&#8217;</a>
Illustration created using artificial intelligence via MidJourney.

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Stocks Pause As Traders Await Jobs Data, Nvidia Falls On Antitrust Investigation, Crude Rises To $75: What's Driving Markets Thursday?

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Dividend Champion, Contender, And Challenger Highlights: Week Of September 22

Top 50 High Quality Dividend Stocks - September 2024 Results

Dividend Champion, Contender, And Challenger Highlights: Week Of October 6

Top 50 High-Quality Dividend Growth Stocks - October 2024 Results

The construction market is experiencing a significant surge owing to increasing infrastructure spending and technological advancements. Hence, it could be wise to add quality construction stocks like United States Lime & Minerals (USLM), Griffon (GFF), and Apogee Enterprises (APOG) to your portfolio. Continue reading… The recent increase in infrastructure spending is leading the overall trajectory of the construction market, poising it for robust growth and expansion. Also, changing consumer behavior, government initiatives, and the latest technologies offer new opportunities.
So, it could be wise to invest in fundamentally sound construction stocks United States Lime &amp; Minerals, Inc. (<a href="https://stocknews.com/stock/USLM/">USLM</a>), Griffon Corporation (<a href="https://stocknews.com/stock/GFF/">GFF</a>), and Apogee Enterprises, Inc. (<a href="https://stocknews.com/stock/APOG/">APOG</a>) as infrastructure spending rises.
Falling mortgage rates, increasing worldwide population levels, urbanization, and shifting demographics are rapidly boosting the construction sector's prospects and avenues. Also, consumers' demand for better infrastructure, technological developments, and the government's aspiration for competitiveness and efficient facilities are further contributing to the infrastructure spending.
<a href="https://www.census.gov/construction/c30/pdf/release.pdf">Construction spending for September 2024</a> was estimated at $2.15 trillion, marking a 0.1% rise from the revised August estimate of $2.146 trillion. The September spending was also 4.6% above the September 2023 estimate of $2.05 trillion. Further, during the first nine months of 2024, construction spending totaled $1.62 trillion, up 7.3% from the prior year period.
With this, the building construction market is expected to grow steadily in the next few years at a <a href="https://www.thebusinessresearchcompany.com/report/buildings-construction-global-market-report">CAGR of 4.9%</a>, resulting in a market value of about $9.18 trillion by 2028. Digitalization and building information modeling, housing affordability, remote work, and office space adaption are some of the major industry trends.
Besides, growing construction activities are fueling the construction and building materials market as a consequence since it provides a wide array of products, like cement, aggregates, concrete, bricks, steel, and glass, essential for construction. The construction &amp; building materials market will likely grow from $2.04 trillion in 2024 to <a href="https://www.researchandmarkets.com/reports/5146093/construction-and-building-materials-market-by?srsltid=AfmBOoodGwiHQPPOnYgDxhKckJm5N4YwyXHfVdMdLj8h4bEk1rCj_tln">$2.81 trillion by 2030</a> at a CAGR of 5.43%.
Given these favorable trends in mind, let's look at three fundamentally strong B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> stocks, beginning with number three.
Stock #3: United States Lime &amp; Minerals, Inc. (<a href="https://stocknews.com/stock/USLM/">USLM</a>)
USLM manufactures and supplies lime and limestone products. The company extracts limestone from open-pit quarries and an underground mine and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry.
On October 31, USLM's Board of Directors declared a regular quarterly cash dividend of $0.05 per share on its common stock. This dividend is payable on December 13, 2024, to shareholders of record at the close of business on November 22, 2024.
USLM's annual dividend of $0.20 per share translates to a yield of 0.15% on the prevailing share price. Its four-year average yield is 0.56%. The company's dividend payouts have grown at a 14.1% CAGR over the past three years.
For the third quarter that ended September 30, 2024, USLM's revenues increased 19.4% year-over-year to $89.43 million, while its <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> grew 53.1% from the year-ago value to $43.11 million. The company's operating profit came in at $38.14 million, up 60.2% year-over-year.
In addition, the company reported net income of $33.35 million and $1.16 per common stock, indicating growth of 60.9% and 58.9% from the prior year's quarter, respectively.
USLM's stock has gained 90.5% over the past six months and 240.5% over the past year to close the last trading session at $137.25.
USLM's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality and Momentum. It also has a B for Growth. Within the <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> industry, USLM is ranked #10 among 45 stocks.
<a href="https://stocknews.com/stock/USLM/">Click here</a> to access additional ratings of USLM for Stability, Value, and Sentiment.
Stock #2: Griffon Corporation (<a href="https://stocknews.com/stock/GFF/">GFF</a>)
GFF offers consumer and professional, and home and building products internationally. The company operates through two segments: Home and Building Products; and Consumer and Professional Products.
On August 6, GFF's Board of Directors declared a regular quarterly cash dividend of $0.15 per share. The dividend was paid on September 19, 2024, to shareholders of record as of the close of business on August 28, 2024.
GFF pays an annual dividend of $0.60, which translates to a yield of 0.89% at the current share price. Its four-year average dividend yield is 3.73%. Also, the company's dividend payouts have increased at a CAGR of 23.3% over the past three years. GFF has raised its dividends for 12 consecutive years.
On July 1, GFF's subsidiary, The AMES Companies, Inc., acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (<a href="https://stocknews.com/stock/TTC/">TTC</a>). The acquisition expands AMES's product portfolio in the Australian market where Pope is expected to contribute approximately $25 million in annualized revenue.
For the third quarter that ended June 30, 2024, GFF reported revenue of $647.81 million and gross profit of $249.15 million for the same period. The company's adjusted net income and adjusted EPS totaled $60.53 million and $1.24 for the quarter, respectively.
Furthermore, the company's cash and equivalents stood at $133.45 million as of June 30, 2024, compared to $102.89 million as of September 30, 2023.
Street expects GFF's revenue for the fiscal year (ending September 2025) to increase 2.1% year-over-year to $2.66 billion. For the same year, the company's EPS is expected to grow 15.5% year-over-year to $5.59.
Shares of GFF have surged 59.3% over the past year to close the last trading session at $67.25.
GFF's POWR Ratings reflect its promising prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
GFF has an A grade for Momentum and a B for Value, Growth, and Quality. It is ranked #4 out of 45 stocks in the B-rated Industrial – Building Materials industry.
In addition to the POWR Ratings we've just highlighted, you can see GFF's ratings for Stability and Sentiment <a href="https://stocknews.com/stock/GFF/">here</a>.
Stock #1: Apogee Enterprises, Inc. (<a href="https://stocknews.com/stock/APOG/">APOG</a>)
APOG provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing. It operates through four segments: Architectural Framing Systems; Architectural Glass; Architectural Services; and Large-Scale Optical (LSO).
On November 4, APOG completed the previously announced acquisition of UW Interco, LLC, a vertically integrated manufacturer of high-performance coated substrates used in graphic arts, building products, and other applications, for $242 million in cash.
The strategic acquisition expands APOG's capabilities and market opportunity in the large-scale optical segment, leveraging the combined strengths of both companies to create a new engine for growth.
For the second quarter that ended August 31, 2024, APOG posted net sales of $342.44 million. The company's adjusted operating income grew 6.4% from the prior year's quarter to $43.14 million. Its adjusted net earnings came in at $31.46 million or $1.44 per share, up 6% and 5.9% from the previous year's period, respectively.
In addition, the company's adjusted EBITDA increased 3.9% from the year-ago value to $53.12 million.
Analysts expect APOG's revenue for the first quarter (ending May 2025) to increase 9.7% year-over-year to $363.80 million, while its EPS is expected to be $1.14 for the same period. Further, the company surpassed the consensus EPS estimates in all of the trailing four quarters.
Over the past six months, the stock has gained 30.1% and 88.1% over the past year to close the last trading session at $84.12.
APOG's sound fundamentals are reflected in its POWR Ratings. The stock has an overall grade of A, translating to a Strong Buy in our proprietary rating system.
APOG has an A grade for Momentum and a B for Value and Quality. It is ranked #3 in the list of 45 stocks within the same industry.
To see the other ratings of APOG for Growth, Stability, and Sentiment, <a href="https://stocknews.com/stock/APOG/">click here</a>.
What To Do Next?
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<hr />
USLM shares were unchanged in after-hours trading Thursday. Year-to-date, USLM has gained 200.17%, versus a 26.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/uslm-gff-apog-ttc-3-construction-stocks-to-buy-as-infrastructure-spending-rises/>3 Construction Stocks to Buy as Infrastructure Spending Rises</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Construction Stocks to Buy as Infrastructure Spending Rises

Analysts discuss compelling research ideas from the Best-of-Breed Bison, STAMPEDE, and DEN products, (relevant companies HAS MAT FNKO BLBD BLD CNH ...

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