ValuEngine downgraded shares of Supreme Industries, Inc. (NYSE:STS) from a buy rating to a hold rating in a report released on Monday, July 17th.
Supreme Industries (STS) traded down 0.14% during mid-day trading on Monday, hitting $20.95. The stock had a trading volume of 658,673 shares. The company has a market cap of $359.50 million and a price-to-earnings ratio of 23.67. Supreme Industries has a one year low of $11.03 and a one year high of $22.00. The company has a 50 day moving average price of $16.27 and a 200-day moving average price of $18.23.
Supreme Industries (NYSE:STS) last announced its earnings results on Monday, July 31st. The consumer goods maker reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by $0.08. The company had revenue of $95.50 million for the quarter, compared to analyst estimates of $113.06 million. Supreme Industries had a return on equity of 7.31% and a net margin of 2.71%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. Equities analysts expect that Supreme Industries will post $1.15 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased 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 worth $37,990,000 after buying an additional 1,053,747 shares during the period. First Manhattan Co. increased 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 worth $10,545,000 after buying an additional 77,512 shares during the period. JPMorgan Chase & Co. increased 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 worth $965,000 after buying an additional 43,607 shares during the period. Parametric Portfolio Associates LLC increased 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 worth $943,000 after buying an additional 30,733 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Supreme Industries during the second quarter worth about $452,000.
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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