15,887 Shares in Shiloh Industries, Inc. (SHLO) Acquired by New York State Common Retirement Fund
New York State Common Retirement Fund bought a new stake in Shiloh Industries, Inc. (NASDAQ:SHLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,887 shares of the basic materials company’s stock, valued at approximately $187,000. New York State Common Retirement Fund owned about 0.09% of Shiloh Industries at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Weber Alan W boosted its stake in shares of Shiloh Industries by 0.9% in the 2nd quarter. Weber Alan W now owns 296,679 shares of the basic materials company’s stock valued at $3,483,000 after purchasing an additional 2,521 shares during the last quarter. Eagle Global Advisors LLC boosted its stake in shares of Shiloh Industries by 22.3% in the 2nd quarter. Eagle Global Advisors LLC now owns 22,050 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 4,020 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Shiloh Industries in the 2nd quarter valued at about $105,000. Schwab Charles Investment Management Inc. bought a new position in shares of Shiloh Industries in the 2nd quarter valued at about $182,000. Finally, Teachers Advisors LLC bought a new position in shares of Shiloh Industries in the 2nd quarter valued at about $197,000. 31.83% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on SHLO. BMO Capital Markets assumed coverage on shares of Shiloh Industries in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 target price on the stock. Bank of America Corporation assumed coverage on shares of Shiloh Industries in a research report on Thursday, September 7th. They issued a “neutral” rating and a $9.50 price target on the stock.
Shares of Shiloh Industries, Inc. (SHLO) opened at $8.73 on Friday. The firm has a market cap of $202.56, a P/E ratio of 9.73 and a beta of 2.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.39 and a quick ratio of 1.07. Shiloh Industries, Inc. has a 52-week low of $6.68 and a 52-week high of $16.69.
Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $256.85 million during the quarter, compared to analyst estimates of $236.40 million. Shiloh Industries had a net margin of 0.52% and a return on equity of 10.67%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. research analysts predict that Shiloh Industries, Inc. will post 0.65 earnings per share for the current fiscal year.
In related news, Director Jean Brunol sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $10.20, for a total value of $51,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 51.70% of the company’s stock.
Shiloh Industries Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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