Supreme Industries, Inc. (STS) Major Shareholder Buys $32,862,501.00 in Stock
Supreme Industries, Inc. (NYSE:STS) major shareholder National Corp /De Wabash acquired 1,564,881 shares of Supreme Industries stock in a transaction on Wednesday, September 27th. The shares were bought at an average cost of $21.00 per share, with a total value of $32,862,501.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Supreme Industries, Inc. (STS) opened at 21.00 on Friday. Supreme Industries, Inc. has a 52-week low of $11.03 and a 52-week high of $22.00. The company has a market capitalization of $360.36 million and a PE ratio of 23.73. The firm’s 50-day moving average is $19.93 and its 200-day moving average is $18.62.
Supreme Industries (NYSE:STS) last announced its quarterly earnings data on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $95.50 million during the quarter, compared to the consensus estimate of $113.06 million. Supreme Industries had a net margin of 6.60% and a return on equity of 23.88%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. On average, equities research analysts forecast that Supreme Industries, Inc. will post $1.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 28th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.14 annualized dividend and a dividend yield of 0.67%.
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A number of equities analysts have commented on STS shares. ValuEngine raised shares of Supreme Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub raised shares of Supreme Industries from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.
Several hedge funds have recently bought and sold shares of STS. Alliancebernstein L.P. bought a new position in shares of Supreme Industries during the 2nd quarter worth $183,000. SG Americas Securities LLC bought a new position in shares of Supreme Industries during the 2nd quarter worth $188,000. The Manufacturers Life Insurance Company grew its stake in shares of Supreme Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,933 shares of the consumer goods maker’s stock worth $196,000 after acquiring an additional 2,185 shares during the period. Citadel Advisors LLC bought a new position in shares of Supreme Industries during the 2nd quarter worth $218,000. Finally, Rhumbline Advisers grew its stake in shares of Supreme Industries by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 14,657 shares of the consumer goods maker’s stock worth $241,000 after acquiring an additional 840 shares during the period.
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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