Supreme Industries, Inc. (NYSE:STS) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 464,301 shares, a growth of 6.5% from the July 14th total of 435,972 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 99,321 shares, the short-interest ratio is currently 4.7 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its position in Supreme Industries by 11.2% in the second quarter. Northern Trust Corp now owns 164,637 shares of the consumer goods maker’s stock valued at $2,708,000 after buying an additional 16,537 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Supreme Industries during the second quarter worth about $183,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Supreme Industries during the second quarter worth about $452,000. JPMorgan Chase & Co. raised its stake in shares of 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 in the last quarter. Finally, Royce & Associates LP raised its stake in shares of 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 in the last quarter.
STS has been the subject of a number of research reports. ValuEngine raised shares of Supreme Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Supreme Industries from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.
Shares of Supreme Industries (STS) traded down 0.10% during midday trading on Friday, reaching $20.94. 457,567 shares of the company’s stock traded hands. The company has a market capitalization of $359.33 million and a price-to-earnings ratio of 23.66. The company has a 50-day moving average of $16.90 and a 200-day moving average of $18.31. Supreme Industries has a one year low of $11.03 and a one year high of $22.00.
Supreme Industries (NYSE:STS) last posted its quarterly earnings data 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 firm had revenue of $95.50 million for the quarter, compared to analysts’ expectations of $113.06 million. Supreme Industries had a return on equity of 23.88% and a net margin of 6.60%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts anticipate that Supreme Industries will post $1.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 24th.
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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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