Watts Water Tech: A Small-Cap Growth Play On Big Trends
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Tue, Jul. 29, 4:53 PM| Comment!
Tue, Apr. 29, 5:39 PM| Comment!
Tue, Apr. 29, 5:02 PM| Comment!
Mon, Mar. 17, 12:41 PM
- Watts Water Technologies (WTS +4.5%) is upgraded to Buy from Hold with a $67 price target at BB&T, which suggests investors buy the dip after shares have dropped 9% since Feb. 27.
- The firm believes that unless the housing/construction recovery story is already over - which it doubts - WTS will quickly rebound and trade higher as it benefits from macro tailwinds in North America after positively inflecting in H2 2013 plus structural margin lift from its new European restructuring.
Tue, Feb. 18, 4:45 PM| Comment!
Oct. 29, 2013, 5:07 PM| Comment!
Aug. 20, 2013, 3:52 PM
- It's not surprising Q3 guidance in the water and renewable-energy sector was relatively subdued given mixed economic data and continuation of delayed orders for big projects, says Wedbush, however ...
- Only Tetra Tach ((TTEK) showed ill-effect from the sequestration and instead there are encouraging signs out of municipalities.
- Xylem (XYL) and Watts Water (WTS) said Europe had been worse than expected, but saw recent stabilization. While several noted weakness in China, A.O. Smith (AOS) bucked the trend with a 30% increase in sales there.
- Wedbush's favorites are low-risk, high performers like Pentair (PTR), Franklin Electric (FELE), and Valmont Industries (VMI). Valmont is a controversial name, but the team fells concerns over slowing irrigation business are baked into the stock and the valuation - particularly given the balance sheet and ROIC - is compelling.
- Names to avoid are Nuverra Environmental (NES), Aegion (AEGN), and Energy Recovery (ERII) given disappointing quarters for the first two and an extremely overvalued ERII.
- ETFs of note: FIW, CGW, PHO, PIO.
Jul. 30, 2013, 5:35 PM| Comment!
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WTS vs. ETF Alternatives
Watts Water Technologies Inc, through its subsidiaries, designs, manufactures and sells a line of water safety and flow control products for the water quality, water conservation, water safety and water flow control markets.
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