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Equity Actions

RTX

Raytheon Technologies (RTX) has appointed Fredric Reynolds as its Lead Independent Director, effective December 1, 2023. Dinesh Paliwal will step down from the board on the same date. This change in board composition could influence the company's strategic decisions and oversight.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:32 pm

BRLI

Brilliant Acquisition Corporation has extended its deadline to complete a business combination until December 23, 2023. This extension provides additional time for the blank check company to find a suitable merger or acquisition target.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:18 pm

NMFC

New Mountain Finance Corporation (NMFC) has appointed Kris Corbett as its Chief Financial Officer (CFO), effective November 27. This change in the company's financial leadership could signal a strategic shift or a continuation of its current financial policies.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:15 pm

GII

IFRA

IGF

PAVE

TOLZ

President Joe Biden, trailing Donald Trump in 2024 election polls, is advised by Democratic experts to focus on infrastructure and social security to win. The Bipartisan Infrastructure Law, with $1.2 trillion investment in U.S. infrastructure, is highlighted as a key achievement. House Democrats are strategizing on messaging this success. Infrastructure ETFs like PAVE, IGF, IFRA, GII, and TOLZ could benefit from increased focus on infrastructure spending. Social security is also suggested as a critical issue for Biden to address, with potential plans to expand benefits.

Portfolio Pulse from Chris Katje

November 22, 2023 | 8:54 pm

GSK

GSK Inc. (NYSE:GSK) shares are trading at $35.23, down 0.44% in the current session. Over the past month, the stock has decreased by 2.29%, but it has increased by 3.63% over the past year. GSK's P/E ratio of 9.55 is lower than the Pharmaceuticals industry average of 38.89, which could suggest it is undervalued or that shareholders have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 8:45 pm

PLPC

Preformed Line Products Company (NASDAQ:PLPC) has announced Dennis F. McKenna as the new CEO effective January 1, 2024, succeeding Robert G. Ruhlman who will become Executive Chairman. McKenna, with the company since 1993, previously served as COO. The company has seen consistent growth and aims to continue expanding globally under McKenna's leadership, with a focus on sales, engineering, and manufacturing capabilities. J. Ryan Ruhlman was named President earlier this year to drive business development and marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:43 pm

CLST

Catalyst Bancorp Inc's Board has approved the company's third share repurchase program, according to an SEC filing. Under the new plan, the company is authorized to repurchase up to 240,000 shares, which is approximately 5% of its outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:42 pm

LEN

Lennar Inc. (NYSE:LEN) stock has seen a 23.12% increase over the past month and a 46.91% increase over the past year. Currently trading at $126.90, its P/E ratio of 9.41 is higher than the Household Durables industry average of 9.01, which could suggest that the stock is overvalued or expected to perform better than its peers.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 8:30 pm

UBCP

United Bancorp has announced an increase in its quarterly dividend from $0.1675 to $0.17 per share.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:01 pm

GILD

Gilead Sciences (NYSE:GILD) has seen a decrease in short interest, with the short percent of float dropping 4.37% since the last report. The company has 19.50 million shares sold short, representing 1.75% of available shares, with a cover time of 3.36 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. Gilead has a lower short interest compared to its peer group average of 4.35%.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:45 pm