The company’s principal products include anhydrous ammonia, granular urea, urea ammonium nitrate and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus and potassium. It primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers and industrial users.
CF Industries is on a self-described path to decarbonize its ammonia production network, which is the world’s largest, to enable green and blue hydrogen and nitrogen products. Its manufacturing complexes in the United States, Canada and the United Kingdom, offer an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin a strategy to leverage CF Industries unique capabilities to accelerate the world’s transition to clean energy.
Shareholders receive a 2.08% dividend. The BofA Securities price target of $96 is in line with the $96.06 consensus target. CF Industries stock closed on Thursday at $74.46.
Cummins
This top company makes the parts and components for the trucking industry to keep the country moving. Cummins Inc. (NYSE: CMI) designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products worldwide.
The Cummins Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brands for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense and agricultural markets. This segment also offers new parts and services, as well as remanufactured parts and engines.
Cummins also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. The company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives and other filtration systems; and electronic control modules, sensors and supporting software, as well as new, replacement and remanufactured fuel systems.
Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands. Its electrified power systems, with components and subsystems, include battery, fuel cell and hydrogen production technologies. And it offers filtration, after-treatment, controls systems, air handling systems, automated transmissions, electric power generation systems and batteries.
Cummins stock comes with a 2.66% dividend. The BofA Securities target price is $273, and the consensus target is $259.33. The shares closed on Thursday at $234.48.
Nucor
This top steel provider could ride a big wave if the economy improves over the next year. Nucor Corp. (NYSE: NUE) engages in the manufacture and sale of steel and steel products.
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