Supreme Industries, Inc. (STS) Rating Lowered to Sell at BidaskClub
Supreme Industries, Inc. (NYSE:STS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
Separately, ValuEngine upgraded Supreme Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.
Supreme Industries (NYSE STS) traded up 0.072% during midday trading on Thursday, reaching $20.965. The company had a trading volume of 15,317 shares. The firm has a market capitalization of $359.76 million and a P/E ratio of 23.689. The stock’s 50 day moving average price is $19.06 and its 200-day moving average price is $18.58. Supreme Industries has a one year low of $11.03 and a one year high of $22.00.
Supreme Industries (NYSE:STS) last released its earnings results on Monday, July 31st. The consumer goods maker reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Supreme Industries had a return on equity of 23.88% and a net margin of 6.60%. The firm had revenue of $95.50 million for the quarter, compared to the consensus estimate of $113.06 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Supreme Industries will post $1.15 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in shares of Supreme Industries by 83.9% during the second quarter. Royce & Associates LP now owns 2,309,426 shares of the consumer goods maker’s stock worth $37,990,000 after acquiring an additional 1,053,747 shares in the last quarter. First Manhattan Co. increased its stake in shares of 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 purchasing an additional 77,512 shares during the period. Bowling Portfolio Management LLC increased its stake in shares of Supreme Industries by 52.0% in the second quarter. Bowling Portfolio Management LLC now owns 65,161 shares of the consumer goods maker’s stock worth $1,072,000 after purchasing an additional 22,304 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Supreme Industries by 20.6% in the second quarter. Russell Investments Group Ltd. now owns 18,702 shares of the consumer goods maker’s stock worth $308,000 after purchasing an additional 3,198 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Supreme Industries by 11.2% in the second quarter. Northern Trust Corp now owns 164,637 shares of the consumer goods maker’s stock worth $2,708,000 after purchasing an additional 16,537 shares during the period.
About Supreme Industries
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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