SIFCO Industries (NYSE:SIF) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Friday. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Up 0.8 %

Shares of SIF opened at $3.70 on Friday. SIFCO Industries has a 1 year low of $2.90 and a 1 year high of $5.96. The business’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $3.93.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries accounts for approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd biggest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.20% of the company’s stock.

SIFCO Industries Company Profile

SIFCO Industries, Inc, together with its subsidiaries, produces and sells forgings and machined components primarily for the aerospace and energy markets in North America and Europe. The company’s processes and services include forging, heat-treating, chemical processing, and machining. It also offers original equipment manufacturer and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products.