We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WillScot Mobile Mini (WSC) Buys McDonald Modular Solutions
Read MoreHide Full Article
WillScot Mobile Mini Holdings Corp. (WSC - Free Report) recently acquired McDonald Modular Solutions. The company funded the transaction through cash on hand and borrowings under revolving credit agreement. The acquisition has added approximately 1,300 modular units and more than 300 storage units to the company’s existing markets in Michigan and Ohio.
Brad Soultz, its chief executive officer, said, “This transaction expands our presence and capabilities in the greater Midwest region. Consistent with our M&A strategy, we look forward to providing our ‘Ready to Work’ value proposition to new customers and applying our commercial and organizational best practices, while leveraging our scalable technology platform. Thank you to both our new and existing team members who are now working together to integrate our operations.”
Price Performance
Shares of Zacks Rank #2 (Buy) WillScot Mobile Mini have surged 73.8% in the past year compared with the Zacks Furniture industry’s 15.5% rally. The company is benefiting from continuous product innovation, solid segmental results and transformation of the legacy WillScot business into Mobile Mini's SAP platform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
In September, it acquired three regional storage service companies — American Mobile Leasing, Inc., Equipe Container Services, d/b/a Moveable Container Storage and Saf-T-Box, LP.
In third-quarter 2021, the company invested $56.3 million in three acquisitions and closed an acquisition of Sommer’s Mobile Leasing, Inc. in October. Recently, it acquired the assets of Portable Storage Corporation in Los Angeles and rental assets of Hecht Trailers in New Jersey.
Improved housing market fundamentals in the United States make the company’s near-term outlook encouraging. Historically-low mortgage rates have been driving new home sales, which in turn will drive demand for furniture products in the near term.
Other Top-Ranked Stocks in the Construction Sector
Beazer Homes USA, Inc. (BZH - Free Report) currently sports a Zacks Rank #1. This Atlanta-based homebuilder continues to gain from strong operational execution and persistent strength in the housing market.
Beazer Homes’ shares have gained 44.1% in the past year compared with the industry’s 33.4% rally. Earnings are expected to rise 23.7% in fiscal 2022.
TRI Pointe Group Inc. (TPH - Free Report) currently sports a Zacks Rank #1. This Irvine, CA-based homebuilder designs, constructs, and sells single-family detached and attached homes in the United States. Robust demand and pricing as well as improved operating leverage, have been driving TRI Pointe's performance. Cost-cutting initiatives implemented earlier this year and focus on entry-level buyers have been adding to the positives.
TRI Pointe’s shares have surged 56% in the past year. Earnings for 2021 and 2022 are expected to rise 80.2% and 9.6%, respectively.
Meritage Homes Corporation (MTH - Free Report) currently sports a Zacks Rank #1. Based in Scottsdale, AZ, Meritage Homes is one of the leading designers and builders of single-family homes. Its focus on entry-level LiVE.NOW homes has been a major driving factor.
MTH has gained 35.5% in the past year. Earnings are expected to increase 74.4% in 2021 and 22.2% in the next year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
WillScot Mobile Mini (WSC) Buys McDonald Modular Solutions
WillScot Mobile Mini Holdings Corp. (WSC - Free Report) recently acquired McDonald Modular Solutions. The company funded the transaction through cash on hand and borrowings under revolving credit agreement. The acquisition has added approximately 1,300 modular units and more than 300 storage units to the company’s existing markets in Michigan and Ohio.
Brad Soultz, its chief executive officer, said, “This transaction expands our presence and capabilities in the greater Midwest region. Consistent with our M&A strategy, we look forward to providing our ‘Ready to Work’ value proposition to new customers and applying our commercial and organizational best practices, while leveraging our scalable technology platform. Thank you to both our new and existing team members who are now working together to integrate our operations.”
Price Performance
Shares of Zacks Rank #2 (Buy) WillScot Mobile Mini have surged 73.8% in the past year compared with the Zacks Furniture industry’s 15.5% rally. The company is benefiting from continuous product innovation, solid segmental results and transformation of the legacy WillScot business into Mobile Mini's SAP platform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In September, it acquired three regional storage service companies — American Mobile Leasing, Inc., Equipe Container Services, d/b/a Moveable Container Storage and Saf-T-Box, LP.
In third-quarter 2021, the company invested $56.3 million in three acquisitions and closed an acquisition of Sommer’s Mobile Leasing, Inc. in October. Recently, it acquired the assets of Portable Storage Corporation in Los Angeles and rental assets of Hecht Trailers in New Jersey.
Improved housing market fundamentals in the United States make the company’s near-term outlook encouraging. Historically-low mortgage rates have been driving new home sales, which in turn will drive demand for furniture products in the near term.
Other Top-Ranked Stocks in the Construction Sector
Beazer Homes USA, Inc. (BZH - Free Report) currently sports a Zacks Rank #1. This Atlanta-based homebuilder continues to gain from strong operational execution and persistent strength in the housing market.
Beazer Homes’ shares have gained 44.1% in the past year compared with the industry’s 33.4% rally. Earnings are expected to rise 23.7% in fiscal 2022.
TRI Pointe Group Inc. (TPH - Free Report) currently sports a Zacks Rank #1. This Irvine, CA-based homebuilder designs, constructs, and sells single-family detached and attached homes in the United States. Robust demand and pricing as well as improved operating leverage, have been driving TRI Pointe's performance. Cost-cutting initiatives implemented earlier this year and focus on entry-level buyers have been adding to the positives.
TRI Pointe’s shares have surged 56% in the past year. Earnings for 2021 and 2022 are expected to rise 80.2% and 9.6%, respectively.
Meritage Homes Corporation (MTH - Free Report) currently sports a Zacks Rank #1. Based in Scottsdale, AZ, Meritage Homes is one of the leading designers and builders of single-family homes. Its focus on entry-level LiVE.NOW homes has been a major driving factor.
MTH has gained 35.5% in the past year. Earnings are expected to increase 74.4% in 2021 and 22.2% in the next year.