Industrial Research Analysts
In-depth analysis of the industrial market.
Comprehensive investigation, research and thought are used by our analysts to create the best information and options for our clients.
Construction, Engineering & Infrastructure Companies
Tahira Afzal is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. With the company since April 2007, her research coverage is focused on Construction, Engineering & Infrastructure companies. In addition to her duties as a Research Analyst, Afzal assumed the role of Associate Director of Research in October 2015.
Afzal previously worked for Lehman Brothers, most recently assisting with the coverage of Imaging Technology stocks. Prior to that, she served as a research associate in the Engineering & Construction space. Other previous employment includes managing an economics research team at ABN AMRO Bank, and working as an investment analyst at Jardine Fleming (J.P. Morgan), both in Pakistan.
Afzal’s undergraduate degree is from Corpus Christi College at Oxford University in England, where she received Honors in her study of Solid State Physics. She also earned a Master of Business Administration from the University of North Carolina, Chapel Hill.
Afzal was ranked Third Team for Capital Goods/Industrials – Engineering & Construction sector in Institutional Investor’s 2018 All America Research Team survey. Back in 2009, I.I. named Afzal the Best Up-and-Comer in the Engineering & Construction sector. Further, In its June 2017 Analyst Awards, Thomson Reuters StarMine recognized Afzal as the #3 earnings estimator in the Construction & Engineering sector. This was her third StarMine award.
Construction, Engineering & Infrastructure Companies Under Research Coverage
|AECOM Technology Corporation||ACM|
|Bloom Energy Corporation||BE|
|Comfort Systems, USA, Inc.||FIX|
|Dycom Industries, Inc.||DY|
|Emcor Group, Inc.||EME|
|Jacobs Engineering Group Inc.||JEC|
|Matrix Service Company||MTRX|
|McDermott International, Inc.||MDR|
|Mistras Group, Inc.||MG|
|MYR Group Inc.||MYRG|
|Primoris Services Corporation||PRIM|
|Quanta Services, Inc.||PWR|
|Sterling Construction Company, Inc.||STRL|
|Tetra Tech, Inc.||TTEK|
|Tutor Perini Corporation||TPC|
Industrial Manufacturing Companies
Steve Barger is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. He joined the company in 2004 as a research associate, covering automotive parts suppliers. He was promoted to research analyst in January 2006, and his research coverage is focused on industrial manufacturers.
Barger’s previous experience includes serving as general manager and partner at Cleveland Tank & Supply, Inc., as well as owning and operating a local business.
Prior to that, Barger served as a Sergeant in the U.S. Army's 75th Ranger Regiment.
Barger earned a Bachelor of Science in Management, with a concentration in Finance, from the Weatherhead School of Management at Case Western Reserve University in Cleveland.
In its May 2011 “Best on the Street” Analyst Survey, The Wall Street Journal ranked Barger as the #5 stock picker in the Heavy Machinery and Materials sector for 2010. This is Barger’s second WSJ award. Barger was also recognized as the #3 stock picker in the Machinery sector by the Financial Times/StarMine in May 2011.
Industrial Manufacturing Companies Under Research Coverage
|Applied Industrial Technologies, Inc.||AIT|
|DXP Enterprises, Inc.||DXPE|
|Federal Signal Corporation||FSS|
|HD Supply Holdings, Inc.||HDS|
|Joy Global Inc.||JOYG|
|Lawson Products, Inc.||LAWS|
|Lincoln Electric Holdings, Inc.||LECO|
|Myers Industries, Inc.||MYE|
|Milacron Holdings Corp.||MCRN|
|MRC Global Inc.||MRC|
|MSC Industrial Direct Co., Inc.||MSM|
|Park-Ohio Holdings Corp.||PKOH|
|RBC Bearings, Inc.||ROLL|
|The Greenbrier Companies, Inc.||GBX|
|The Timken Company||TKR|
|Trinity Industries, Inc.||TRN|
|WESCO International, Inc.||WCC|
|Westinghouse Air Brake Technologies Corporation||WAB|
|W.W. Grainger, Inc.||GWW|
Todd C. Fowler
Todd Fowler is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. With the company since June 2006, his research coverage is focused on transportation and logistics companies.
Fowler previously worked for FTN Midwest Securities, where he was an associate analyst responsible for coverage of companies primarily in the transportation and aerospace & defense industries. Prior to that, Fowler worked as a public accountant in the audit practices for Arthur Andersen and Ernst & Young, where he was responsible for clients in the automotive, manufacturing and retail sectors.
Fowler earned a Bachelor of Science in Accounting from the University of Dayton in Ohio.
In 2018, Fowler was ranked the #3 stock picker in the air freight & logistics sector by Thomson Reuters. This was Fowler's sixth time being recognized by Thomson Reuters/StarMine.
Transportation/Logistics Companies Under Research Coverage
|Arkansas Best Corporation||ABFS|
|C.H. Robinson Worldwide, Inc.||CHRW|
|Forward Air Corporation||FWRD|
|Heartland Express, Inc.||HTLD|
|Hub Group Inc.||HUBG|
|J.B. Hunt Transport Services, Inc.||JBHT|
|Knight-Swift Transportation Holdings Inc.||KNX|
|Landstar System, Inc.||LSTR|
|Marten Transport, Ltd.||MRTN|
|Old Dominion Freight Line, Inc.||ODFL|
|Ryder System, Inc.||R|
|Schneider National, Inc.||SNDR|
|United Parcel Service, Inc.||UPS|
|Werner Enterprises, Inc.||WERN|
|XPO Logistics, Inc.||XPO|
Philip Gibbs is a Director, Equity Research Analyst with KeyBanc Capital Markets Inc. With the company since May 2006, his research focuses on the metals & mining industry.
Prior to his promotion to Research Analyst, Gibbs worked as a Research Associate on KeyBanc Capital Markets’ metals & mining team. Previous professional experience includes working for A.G. Edwards & Sons Financial in Westlake, Ohio.
Gibbs earned a Bachelor of Science in Business Administration with a concentration in Finance from Miami University in Oxford, Ohio. He holds the Series 7, 63, 86 and 87 industry licenses, and is a CFA Level III candidate. He is also an active member of the CFA Society of Cleveland.
In its June 2017 Analyst Awards, Thomson Reuters StarMine recognized Gibbs as the #3 earnings estimator in the Metals & Mining sector. This was his second StarMine award. In Institutional Investor’s 2014 All America edition, Gibbs was named a Rising Star for his coverage of the Metals & Mining sector.
Steel/Metal Companies Under Research Coverage
|AK Steel Holding Corporation||AKS|
|Allegheny Technologies Incorporated||ATI|
|Carpenter Technology Corporation||CRS|
|Cliffs Natural Resources, Inc.||CLF|
|Commercial Metals Company||CMC|
|Global Brass and Copper Holdings, Inc.||BRSS|
|Haynes International, Inc.||HAYN|
|Luxfer Holdings PLC||LXFR|
|Olympic Steel, Inc.||ZEUS|
|Reliance Steel & Aluminum Co.||RS|
|Ryerson Holding Corporation||RYI|
|Schnitzer Steel Industries, Inc.||SCHN|
|Steel Dynamics, Inc.||STLD|
|United States Steel Corporation||X|
|Universal Stainless & Alloy Products, Inc.||USAP|
|Worthington Industries, Inc.||WOR|
Jeffrey D. Hammond
Industrial Manufacturing Companies
Jeffrey D. Hammond is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. He joined the Company in June 1999 as a research associate on the industrial team. He was promoted to research analyst in early 2001, and his research coverage is focused on diversified industrial companies.
Hammond was previously an auditor with Ernst & Young LLP. He earned his Bachelor of Science in Business Administration (Accountancy) from Miami University in Oxford, Ohio.
Industrial Manufacturing Companies Under Research Coverage
|Altra Holdings, Inc.||AIMC|
|A.O. Smith Corporation||AOS|
|Circor International, Inc.||CIR|
|EnPro Industries, Inc.||NPO|
|Gates Industrial Corporation plc||GTES|
|Generac Holdings Inc.||GNRC|
|Lennox International Inc.||LII|
|The Middleby Corporation||MIDD|
|nVent Electric plc||NVT|
|WABCO Holdings Inc.||WBC|
|Watts Water Technologies, Inc.||WTS|
Adam Josephson, CFA
Packaging Sector Companies
Adam Josephson is a Director, Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the packaging sector.
Prior to his promotion to a senior Research Analyst, Josephson worked for KBCM as a Research Associate covering various sectors, including IT services, retail softlines and apparel, and packaged foods. Previous professional experience includes positions as an Analyst for Celent Communications in Boston, as a Client Services Representative for Fidelity Investments in both Boston and Mission Viejo, Calif., and as a Financial Advisor for UBS PaineWebber in Phoenix. He also served internships with Citigroup Investment Research in New York and Weston Capital Management in Westport, Conn.
Josephson earned a Bachelor of Arts from Brown University in Providence, R.I., as well as a Master of Business Administration from the University of North Carolina’s Kenan-Flagler Business School. He is a Chartered Financial Analyst and holds the Series 7, 63, 86 and 87 industry licenses.
In its 2018 Analyst Awards, Thomson Reuters recognized Josephson as the #1 earnings estimator in the containers & packaging sector. This was his third Thomson Reuters award. In Institutional Investor’s 2013 and 2014 All America editions, Josephson was named a Rising Star for his coverage of the paper & packaging sector.
Packaging Companies Under Research Coverage
|Avery Dennison Corporation||AVY|
|Bemis Company, Inc.||BMS|
|Berry Plastics Group, Inc.||BERY|
|Clearwater Paper Corporation||CLW|
|Crown Holdings, Inc.||CCK|
|Graphic Packaging Holding Company||GPK|
|International Paper Company||IP|
|Packaging Corporation of America||PKG|
|Sealed Air Corporation||SEE|
|Silgan Holdings, Inc.||SLGN|
|Sonoco Products Company||SON|
James Picariello, CFA
James Picariello is an Assistant Vice President, Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the automotive sector.
Prior to assuming coverage of the automotive suppliers space in March 2018, Picariello worked at KBCM as a senior research associate covering the diversified industrials sector since 2013. Before that, he was a research associate at Longbow Research, also covering industrials.
Picariello earned a Bachelor of Arts degree in International Relations from Wesleyan University, and a Master of Business Administration degree in Corporate Finance & Banking; Investments & Asset Management from Washington University’s Olin Business School. He holds the Chartered Financial Analyst designation, in addition to the Series 7, 63, 86 and 87 industry licenses.
Automotive Companies Under Research Coverage
|American Axle & Manufacturing||AXL|
|Delphi Technologies PLC||DLPH|
|Magna International Inc.||MGA|
Michael J. Sison
Specialty Chemical Companies
Michael J. Sison is a Managing Director, Equity Research Analyst, with KeyBanc Capital Markets Inc. With the company since 1998, his research coverage focuses on the specialty chemical industry.
Prior to joining KeyBanc Capital Markets, Sison was an associate consultant with Merrill Lynch. Before that, he served as an investment analyst with Smith Barney in the consulting services division.
Sison earned a Bachelor of Arts in Economics from Denison University in Granville, Ohio, and a Master of Business Administration in Finance from the A.B. Freeman School of Business at Tulane University in New Orleans.
Sison was recognized in The Wall Street Journal’s “Best on the Street” Analyst Survey in May 2010, ranking as the #2 stock picker in the chemicals sector. This was his third WSJ award. Additionally, in their Best Brokerage Analysts survey, Forbes.com/StarMine has twice recognized him as a top 2 stock picker in the chemicals sector, ranking him #1 for 2006. AQ Research also named Sison the #1 individual analyst in the chemicals sector based on its survey of analysts covering securities in the S&P 500 for the 12 months ending June 30, 2006.
Sison currently serves as a board member of Playhouse Square Partners, the Northern Ohio Hemophilia Foundation and the Tulane Alumni Association. Sison is President of the Cleveland Tulane Alumni Club. In addition, he was a founding board member of the Society of Filipino American Young Professionals in Chicago.
Specialty Chemical Companies
|Air Products and Chemicals, Inc.||APD|
|Axalta Coating Systems Ltd.||AXTA|
|Compass Minerals International, Inc.||CMP|
|Eastman Chemical Company||EMN|
|GCP Applied Technologies Inc.||GCP|
|H.B. Fuller Company||FUL|
|Innophos Holdings Inc.||IPHS|
|International Flavors and Fragrances, Inc.||IFF|
|Kraton Performance Polymers, Inc.||KRA|
|OMNOVA Solutions Inc.||OMN|
|PPG Industries, Inc.||PPG|
|PQ Group Holdings Inc.||PQG|
|RPM International Inc.||RPM|
|Sensient Technologies Corporation||SXT|
|The Sherwin-Williams Company||SHW|
|Versum Materials, Inc.||VSM|
|W.R. Grace & Co.||GRA|