Supreme Industries, Inc. (NYSE:STS) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 562,614 shares, a growth of 13.3% from the August 31st total of 496,401 shares. Based on an average trading volume of 610,764 shares, the days-to-cover ratio is presently 0.9 days. Approximately 4.2% of the shares of the company are short sold.
Separately, Sidoti lowered shares of Supreme Industries from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Thursday, June 9th.
In related news, Chairman Herbert M. Gardner sold 41,079 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $16.02, for a total transaction of $658,085.58. Following the sale, the chairman now owns 309,229 shares in the company, valued at $4,953,848.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William J. Barrett sold 44,666 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $17.84, for a total transaction of $796,841.44. Following the sale, the insider now owns 471,340 shares in the company, valued at approximately $8,408,705.60. The disclosure for this sale can be found here.
Supreme Industries (NYSE:STS) traded down 3.03% during mid-day trading on Monday, reaching $18.23. 242,875 shares of the company traded hands. The stock’s 50 day moving average price is $16.99 and its 200 day moving average price is $13.41. The firm has a market capitalization of $310.29 million and a price-to-earnings ratio of 16.71. Supreme Industries has a 52 week low of $5.40 and a 52 week high of $19.83.
Supreme Industries (NYSE:STS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.16. The company had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $89.12 million. Equities analysts forecast that Supreme Industries will post $1.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.14 annualized dividend and a yield of 0.77%.
Supreme Industries Company Profile
Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies, trolleys and specialty vehicles. The Company operates through two segments, which include specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.
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