Weber Alan W grew its position in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 35.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,032,520 shares of the basic materials company’s stock after buying an additional 272,824 shares during the period. Shiloh Industries accounts for 2.4% of Weber Alan W’s investment portfolio, making the stock its 13th largest position. Weber Alan W’s holdings in Shiloh Industries were worth $5,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brandywine Global Investment Management LLC lifted its holdings in Shiloh Industries by 33.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,510 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 3,170 shares in the last quarter. Next Capital Management LLC purchased a new stake in Shiloh Industries during the 4th quarter worth about $117,000. Rhumbline Advisers lifted its holdings in Shiloh Industries by 46.0% during the 4th quarter. Rhumbline Advisers now owns 20,385 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 6,426 shares in the last quarter. First Trust Advisors LP lifted its holdings in Shiloh Industries by 18.6% during the 4th quarter. First Trust Advisors LP now owns 26,570 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,170 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its holdings in Shiloh Industries by 255.8% during the 4th quarter. Alambic Investment Management L.P. now owns 37,163 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 26,717 shares in the last quarter. 44.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on SHLO. Zacks Investment Research raised Shiloh Industries from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a report on Tuesday, March 12th. ValuEngine cut Shiloh Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.17.

SHLO traded down $0.48 during trading on Friday, reaching $5.24. 115,128 shares of the company were exchanged, compared to its average volume of 75,948. The stock has a market capitalization of $124.51 million, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 3.45 and a beta of 1.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.97 and a current ratio of 1.36. Shiloh Industries, Inc. has a 12-month low of $3.98 and a 12-month high of $12.28.

Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings data on Monday, June 10th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $273.37 million for the quarter. Shiloh Industries had a positive return on equity of 2.45% and a negative net margin of 0.09%. On average, research analysts forecast that Shiloh Industries, Inc. will post 0.2 earnings per share for the current fiscal year.

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Shiloh Industries Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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