Below are some of the most topical North American Industrials Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. To subscribe to the Brendan Wood TopGun Industrials Network including the shareholder conviction intelligence on individual companies please contact Ajay S. Walia or Gordon Peck.
Norfolk Southern
Norfolk Southern is one of the most topical names in the Transportation sector according to institutional investors because of the turnaround potential after their 2023 derailment and proxy fight with activist investor Ancora. So far investors are positive on the changes to the Board of Directors at Norfolk Southern and the Momentum of Investor Confidence is improving. However, it has not translated into increasing investor Commitment to Own Norfolk Southern or increased confidence in Price Appreciation Potential yet, according to investors in the 3Q BWI Panel. Investors would like to see Norfolk Southern focus on cost cutting in order to make itself a more attractive investment target.
AtkinsRéalis
Investor Commitment to Own AtkinsRéalis has risen significantly in 2024. Investors say AtkinsRéalis has done a good job restructuring away from their legacy contracts and although they are only in the ‘early innings’ of a turnaround, they have been executing well. Confidence in management is slowly improving. BWI continues to monitor AtkinsRéalis’ turnaround progress with investors.
Xylem Inc
Xylem’s new CEO, Matthew Pine, is earning the confidence of investors in the BWI Panel. Investors say it may be early days, but everything he has communicated in terms of plans for strategic progression, targeted growth and execution have been on point and he has been delivering. Investors feel that Matthew Pine is establishing himself as a strong operational CEO. While some investors were not initially excited about the Evoqua deal, initial non believers have warmed up to the acquisition and acknowledge that management communicated the deal well and that the integration is coming along as promised. Investors in both the 2Q and 3Q Panel report strong ownership conviction for the year ahead.
Boeing Co
Boeing Co has been a contentious name for the investment community. Investors say the world needs Boeing making planes given that they operate in a duopoly with Airbus. Investors want exposure to the name, yet the underlying quality of the management and corporate culture continues to be a major issue holding investors back. Investors lack confidence in their Capital Allocation/Balance Sheet as they continue to remain unprofitable. According to investors, external factors such as regulation are out of their control and may hinder their growth prospects.
Largest Positive Changes in Confidence in Price Appreciation Potential (YE 3Q 2024 As of September 4th vs. YE 2Q 2024) North American Industrials:
Ryder System Inc. +26.7%
Embraer S.A. +21.2%
CH Robinson Worldwide, Inc. +12.5%
AirBoss of America Corp +8.3%
Terex Corporation +7.9%
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Relying on its real time intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. There are 2000+ live consultations with investment professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Investors depend on BWI to quantify the demand side of the investment industry, including the name by name research sales and trading professionals who influence investor demand. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
Contacts:
Ajay S. Walia
Managing Director
Brendan Wood International
+1 416 924 8110
awalia@brendanwood.com
Gordon Peck
Managing Director
Brendan Wood International
+1 416 924 8110
gpeck@brendanwood.com
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