Trimble Navigation (TRMB) was upgraded today by analysts at Piper Jaffray to an "overweight" rating. The analysts now have a $50.00 price target on the stock.
Trimble is poised to see strong growth in its highest margin segment well into 2012, “which should serve as a catalyst to most estimates and valuations higher.” He adds that within the company’s engineering and construction segment “the company’s efforts to build out dedicated dealerships and expand into new market verticals is setting the stage for sustained double digit organic growth in spite of the global macro backdrop.”
"The third quarter results confirmed that Trimble can continue to grow under the current economic conditions. In the quarter we saw year-over-year growth in all four segments for the first time since 2008," said Steven W. Berglund, Trimble's president and chief executive officer. "The Mobile Solutions segment returned to profitability and we expect to see continued improvements each quarter. The Engineering and Construction and Field Solutions segments both continue to show growth across most product lines and geographies. While the economy remains uncertain, we are encouraged by the progress we are making in integrating our acquisitions, expanding geographies and extending our reach into new adjacencies," concluded Berglund.
Trimble to Acquire StruCad Business From AceCad Software to Extend Tekla's Structural Steel Industry Presence finance.yahoo.com
StruCad is a complete 3D structural detailing system for steel detailers and fabricators. StruCad provides an environment for rapid detailing automation, automatic fabrication shop drawings and computer numeric control (CNC) machinery production deliverables. The software allows effective collaboration between engineers, detailers and fabricators; enabling them to derive more value when executing structural steel projects—through reduced steelwork design, fabrication, construction schedules and costs.
StruEngineer is an engineering software enabling 3D steelwork modeling and construction management for engineering companies. Fully compatible with the StruCad steel detailing system, StruEngineer compresses the structural engineering layout and connection design in the conceptual phase to also support more rapid and accurate estimating.
Trimble Acquires Plancal in Switzerland to Expand Its Global Presence in the MEP Market finance.yahoo.com
Plancal's software products include NOVA and SNAP/GO. NOVA is a 3D CAD/CAE software solution which integrates design, drawing and engineering calculation/analysis through a proprietary CAD-core. SNAP/GO is an ERP application which includes a wide range of solutions for tenders, scheduling, costs, invoicing, employee and salary administration as well as accounts receivable management.
"With the addition of Plancal, Trimble continues to reinforce its goal of providing a complete portfolio of building construction solutions while strengthening our commitment to meet the unique needs of the European MEP market. Plancal's strength lies in its ability to offer localized construction software applications and provide users with intuitive work processes for optimal efficiency and productivity in the office," said Chris Gibson, vice president of Trimble. "Plancal also provides Trimble an expanded channel in Europe to offer its MEP field layout and project lifecycle management solutions."