BidaskClub Lowers Supreme Industries, Inc. (STS) to Sell
BidaskClub downgraded shares of Supreme Industries, Inc. (NYSE:STS) from a hold rating to a sell rating in a research note released on Thursday.
Separately, ValuEngine raised Supreme Industries from a hold rating to a buy rating in a report on Thursday, August 10th.
Supreme Industries (NYSE STS) opened at 21.05 on Thursday. The firm’s 50-day moving average price is $19.58 and its 200 day moving average price is $18.62. Supreme Industries has a 52-week low of $11.03 and a 52-week high of $22.00. The stock has a market cap of $361.22 million and a P/E ratio of 23.79.
Supreme Industries (NYSE:STS) last posted its quarterly earnings results on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). The company had revenue of $95.50 million during the quarter, compared to the consensus estimate of $113.06 million. Supreme Industries had a net margin of 6.60% and a return on equity of 23.88%. Supreme Industries’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Equities analysts predict that Supreme Industries will post $1.15 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were issued a $0.035 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.14 annualized dividend and a dividend yield of 0.67%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of Supreme Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,319 shares of the consumer goods maker’s stock valued at $400,000 after buying an additional 62 shares in the last quarter. Rhumbline Advisers raised its stake in Supreme Industries by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 14,657 shares of the consumer goods maker’s stock valued at $241,000 after purchasing an additional 840 shares during the period. Bank of New York Mellon Corp raised its stake in Supreme Industries by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 96,740 shares of the consumer goods maker’s stock valued at $1,592,000 after purchasing an additional 1,316 shares during the period. The Manufacturers Life Insurance Company raised its stake in Supreme Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,933 shares of the consumer goods maker’s stock valued at $196,000 after purchasing an additional 2,185 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Supreme Industries by 20.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 18,702 shares of the consumer goods maker’s stock valued at $308,000 after purchasing an additional 3,198 shares during the period.
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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