NZE:SKL

Forsyth Barr Downgrades Skellerup Holdings to Neutral From Outperform; Price Target is NZ$7.35

Jarden Downgrades Skellerup Holdings to Neutral from Overweight, Adjusts Price Target to NZ$6.70 from NZ$5.90

Skellerup Holdings' Guidance Hike Continues 'Strong Execution Track Record,' Jarden Says

Skellerup Holdings' (NZE:SKL) upgrade to its fiscal 2026 outlook continues "a strong execution track record" of achieving or surpassing opening guidance over the past decade while navigating multiple macro and industry headwinds, Jarden said in a Tuesday note.The company raised its net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million, citing stronger demand in the US, its largest end market.Skellerup captured robust fiscal fourth-quarter demand in the US across multiple applications in potable water, wastewater, dairy, and marine, the investment firm said.Jarden expects the company to issue a fiscal 2027 net profit after tax opening guidance range of NZ$65 million to NZ$70 million. The equity research firm raised its fiscal 2026 through fiscal 2028 earnings per share forecasts for Skellerup following the company's latest trading update.Over the past 10 years, Skellerup has "transitioned from an indebted cyclical manufacturer to a design-led, capital-light and diversified critical components supplier with a track record of growth and execution," Jarden said.It lowered its rating on Skellerup to neutral from overweight, saying that a continuation of the company's growth profile is captured in revised estimates and better reflected in its current share price. It also raised its target price on the company to NZ$6.70 from NZ$5.90.Shares of Skellerup were down nearly 2% in recent Wednesday trade.

NZX Midday Sector Update: Consumer Services Stocks Rise, Producer Manufacturing Sector Struggles

Consumer services stocks advanced over 0.7% on midday trade on Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 2% in recent trade.Meanwhile, shares of the producer manufacturing sector fell nearly 1.3%.Skellerup Holdings (NZE:SKL) drove the decline, with shares dropping over 1%.

New Zealand Shares Fall; Skellerup Holdings Boosts Fiscal Year 2026 Net Profit After Tax Guidance

New Zealand shares ended lower on Tuesday as most Asian markets saw losses after fresh hostilities between the US and Iran dimmed hopes of a peace deal.The S&P/NZX 50 Index fell 0.52% or 71.98 points to close at 13,651.22.On Monday, the Nasdaq fell 1.6%, the S&P 500 lost 0.8%, and the Dow Jones dropped 0.3%US President Donald Trump reinstated a blockade of Iranian shipping and proposed a 20% fee for vessels using the Strait of Hormuz on Monday, as US forces launched strikes on Iran for the third night running, according to a Tuesday Reuters report.In domestic news, New Zealand recorded a recovery in business confidence in the June quarter, with a net 12% of firms forecasting better general economic conditions over the coming months on a seasonally adjusted basis, the New Zealand Institute of Economic Research (NZIER) said.Also, while near-term inflation pressures in New Zealand appear to have eased, renewed tensions in the Middle East over the last week present upside risks to the central bank's 3.3% inflation forecast for the September quarter, Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said.In corporate news, Skellerup Holdings (NZE:SKL) increased its fiscal 2026 net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million.Ryman Healthcare (ASX:RYM, NZE:RYM) reported 325 sales of retirement living occupation right agreements for the June quarter, including 265 resales and 60 new sales.

NZX Midday Sector Update: Producer Manufacturing Rises, Finance Struggles

Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 4% by midday Tuesday.Skellerup Holdings (NZE:SKL) shares rose almost 6% in recent trade.Skellerup on Tuesday increased its fiscal 2026 net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million.Meanwhile, the finance sector fell past 1%.Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) dropped by almost 2% in recent trade.

Skellerup Holdings Boosts Fiscal 2026 Net Profit After Tax Guidance; Shares Gain 4%

Skellerup Holdings (NZE:SKL) increased its fiscal 2026 net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million, according to a Tuesday filing with the New Zealand bourse.Both US market sales and the seasonal peak for sales of dairy consumables in the New Zealand market were higher than expected, CEO Graham Leaming said.The executive added that lower US tariff costs and a weaker New Zealand dollar further contributed to higher-than-expected earnings in the fiscal fourth quarter.The company's shares gained nearly 4% in recent Tuesday trade.

NZX Midday Sector Update: Producer Manufacturing Soars, Consumer Durables Fall

Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.Skellerup Holdings (NZE:SKL) shares rose 1% in recent trade.Meanwhile, the consumer durables sector fell 1%.KMD Brands (NZE:KMD, ASX:KMD) was down 3% in recent trade.

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Skellerup Holdings (NZE:SKL): +2.5%, NZ$5.80Auckland International Airport (NZE:AIA): +0.5%, NZ$8.22A2 Milk Co. (NZE:ATM) +0.1%, NZ$9.24