Supreme Industries, Inc. (NYSE:STS) Position Cut by Granite Investment Partners LLC
Granite Investment Partners LLC cut its stake in shares of Supreme Industries, Inc. (NYSE:STS) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 96,246 shares of the consumer goods maker’s stock after selling 4,635 shares during the period. Granite Investment Partners LLC’s holdings in Supreme Industries were worth $1,583,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. First Manhattan Co. increased its stake in shares of Supreme Industries by 13.8% in the second quarter. First Manhattan Co. now owns 641,081 shares of the consumer goods maker’s stock valued at $10,545,000 after buying an additional 77,512 shares during the period. Bowling Portfolio Management LLC increased its stake in shares of Supreme Industries by 52.0% in the second quarter. Bowling Portfolio Management LLC now owns 65,161 shares of the consumer goods maker’s stock valued at $1,072,000 after buying an additional 22,304 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Supreme Industries by 20.6% in the second quarter. Russell Investments Group Ltd. now owns 18,702 shares of the consumer goods maker’s stock valued at $308,000 after buying an additional 3,198 shares during the period.
Supreme Industries, Inc. (NYSE:STS) opened at 20.95 on Friday. The stock has a market cap of $359.50 million and a PE ratio of 23.67. The firm has a 50 day moving average of $16.27 and a 200-day moving average of $18.23. Supreme Industries, Inc. has a 12-month low of $11.03 and a 12-month high of $22.00.
Supreme Industries (NYSE:STS) last issued its earnings results on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.08. Supreme Industries had a net margin of 2.71% and a return on equity of 7.31%. The company had revenue of $95.50 million during the quarter, compared to analyst estimates of $113.06 million. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect that Supreme Industries, Inc. will post $1.15 earnings per share for the current year.
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Several equities research analysts have weighed in on STS shares. ValuEngine downgraded shares of Supreme Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub raised shares of Supreme Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th.
Supreme Industries Company Profile
Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies and specialty vehicles. The Company operates through two segments: specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.
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