Wabash National (NYSE:WNC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Wabash National Corporation (NYSE:WNC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.50 and traded as high as $13.82. Wabash National shares last traded at $13.2480, with a volume of 792,611 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WNC shares. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, DA Davidson raised shares of Wabash National from a “neutral” rating to a “buy” rating and increased their price target for the stock from $8.50 to $20.00 in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Wabash National Trading Down 0.1%

The company has a 50 day moving average of $9.19 and a 200 day moving average of $9.50. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. The firm has a market cap of $538.80 million, a price-to-earnings ratio of -8.28 and a beta of 1.43.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The company had revenue of $303.23 million for the quarter, compared to analyst estimates of $319.03 million. During the same quarter in the prior year, the company earned ($0.58) earnings per share. The business’s revenue was down 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd. Wabash National’s dividend payout ratio (DPR) is currently -20.00%.

Institutional Trading of Wabash National

Several large investors have recently added to or reduced their stakes in the company. EVR Research LP bought a new position in shares of Wabash National in the third quarter valued at approximately $1,974,000. JPMorgan Chase & Co. grew its position in Wabash National by 210.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock worth $1,207,000 after acquiring an additional 82,879 shares during the last quarter. Polaris Capital Management LLC grew its position in Wabash National by 88.2% during the 4th quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock worth $1,251,000 after acquiring an additional 67,800 shares during the last quarter. Womack Financial LLC increased its holdings in Wabash National by 45.9% during the 4th quarter. Womack Financial LLC now owns 195,741 shares of the company’s stock valued at $1,693,000 after purchasing an additional 61,561 shares in the last quarter. Finally, Pullen Investment Management LLC acquired a new stake in Wabash National during the 1st quarter valued at $1,846,000. 97.05% of the stock is owned by institutional investors.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.