Wabash National (NYSE:WNC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Wabash National Corporation (NYSE:WNC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.50 and traded as high as $13.82. Wabash National shares last traded at $13.2480, with a volume of 792,611 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WNC. DA Davidson raised Wabash National from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.50 to $20.00 in a research report on Wednesday, June 17th. Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.50.

Wabash National Trading Down 0.1%

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The company’s 50 day moving average is $9.19 and its 200 day moving average is $9.50. The stock has a market capitalization of $538.80 million, a price-to-earnings ratio of -8.28 and a beta of 1.43.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The company had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same quarter in the prior year, the business earned ($0.58) earnings per share. The business’s revenue for the quarter was down 20.4% on a year-over-year basis. On average, research analysts forecast that Wabash National Corporation will post -1.75 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.4%. Wabash National’s dividend payout ratio (DPR) is -20.00%.

Hedge Funds Weigh In On Wabash National

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Wabash National by 2.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock worth $17,975,000 after purchasing an additional 36,226 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wabash National by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after purchasing an additional 247,345 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Wabash National by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock valued at $13,394,000 after purchasing an additional 233,979 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Wabash National by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after purchasing an additional 59,054 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Wabash National by 161.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after purchasing an additional 684,397 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.