BidaskClub downgraded shares of Supreme Industries, Inc. (NYSE:STS) from a hold rating to a sell rating in a research report report published on Thursday morning.
Separately, ValuEngine downgraded Supreme Industries from a buy rating to a hold rating in a research note on Monday, July 17th.
Shares of Supreme Industries (NYSE STS) traded up 0.024% during mid-day trading on Thursday, hitting $20.965. The company had a trading volume of 68,071 shares. Supreme Industries has a 52-week low of $11.03 and a 52-week high of $22.00. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $18.62. The stock has a market cap of $359.76 million and a price-to-earnings ratio of 23.689.
Supreme Industries (NYSE:STS) last announced its quarterly earnings data on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). The firm 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%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities analysts forecast that Supreme Industries will post $1.15 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.14 dividend on an annualized basis and a yield of 0.67%.
A number of hedge funds have recently modified their holdings of STS. Royce & Associates LP boosted its stake in Supreme Industries by 83.9% in the second quarter. Royce & Associates LP now owns 2,309,426 shares of the consumer goods maker’s stock valued at $37,990,000 after acquiring an additional 1,053,747 shares during the period. First Manhattan Co. boosted its stake in 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 acquiring an additional 77,512 shares during the period. Royal Bank of Canada boosted its stake in Supreme Industries by 25.7% in the second quarter. Royal Bank of Canada now owns 264,796 shares of the consumer goods maker’s stock valued at $4,355,000 after acquiring an additional 54,190 shares during the period. JPMorgan Chase & Co. boosted its stake in Supreme Industries by 290.1% in the second quarter. JPMorgan Chase & Co. now owns 58,638 shares of the consumer goods maker’s stock valued at $965,000 after acquiring an additional 43,607 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Supreme Industries by 115.6% in the second quarter. Parametric Portfolio Associates LLC now owns 57,325 shares of the consumer goods maker’s stock valued at $943,000 after acquiring an additional 30,733 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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