Unique Fabricating Inc (UFAB) Downgraded to “Sell” at Zacks Investment Research
According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
UFAB has been the topic of a number of other reports. B. Riley restated a buy rating and issued a $17.00 price target on shares of Unique Fabricating in a research report on Monday. DA Davidson restated a neutral rating on shares of Unique Fabricating in a research report on Friday, July 22nd.
Unique Fabricating (NYSEMKT:UFAB) traded down 0.61% during trading on Thursday, reaching $14.70. 1,492 shares of the company’s stock were exchanged. Unique Fabricating has a 12 month low of $9.03 and a 12 month high of $15.93. The firm has a 50 day moving average of $12.77 and a 200-day moving average of $13.13. The stock has a market cap of $142.59 million and a PE ratio of 31.14.
Unique Fabricating (NYSEMKT:UFAB) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The firm had revenue of $44.80 million for the quarter, compared to analyst estimates of $44.46 million. On average, equities research analysts anticipate that Unique Fabricating will post $0.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.06%. Unique Fabricating’s payout ratio is 127.66%.
Institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Unique Fabricating by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 43,401 shares of the company’s stock worth $531,000 after buying an additional 593 shares in the last quarter. Northern Trust Corp increased its stake in shares of Unique Fabricating by 3.2% in the third quarter. Northern Trust Corp now owns 64,314 shares of the company’s stock worth $787,000 after buying an additional 1,975 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Unique Fabricating by 12.8% in the third quarter. Wells Fargo & Company MN now owns 18,269 shares of the company’s stock worth $223,000 after buying an additional 2,069 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Unique Fabricating by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 57,879 shares of the company’s stock worth $709,000 after buying an additional 5,686 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Unique Fabricating by 2.8% in the second quarter. Royce & Associates LP now owns 282,189 shares of the company’s stock worth $3,779,000 after buying an additional 7,700 shares during the last quarter.
Unique Fabricating Company Profile
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
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