Russell Investments Group Ltd. Increases Stake in Supreme Industries, Inc. (STS)
Russell Investments Group Ltd. increased its position in shares of Supreme Industries, Inc. (NYSE:STS) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,702 shares of the consumer goods maker’s stock after buying an additional 3,198 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Supreme Industries worth $308,000 at the end of the most recent quarter.
Shares of Supreme Industries, Inc. (NYSE:STS) remained flat at $21.00 during midday trading on Friday. 100,145 shares of the stock were exchanged. The company has a 50 day moving average of $19.93 and a 200 day moving average of $18.62. Supreme Industries, Inc. has a 1-year low of $11.03 and a 1-year high of $22.00. The firm has a market capitalization of $360.36 million and a P/E ratio of 23.73.
Supreme Industries (NYSE:STS) last issued its quarterly earnings results on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). Supreme Industries had a return on equity of 23.88% and a net margin of 6.60%. The company had revenue of $95.50 million for the quarter, compared to analysts’ expectations of $113.06 million. During the same quarter last year, the company earned $0.48 EPS. Supreme Industries’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Supreme Industries, Inc. will post $1.15 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were issued a dividend of $0.035 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.14 annualized dividend and a yield of 0.67%.
Several equities analysts have recently commented on the company. ValuEngine lowered Supreme Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub lowered Supreme Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th.
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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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