Wabash National Corporation Declares Quarterly Dividend of $0.08 (NYSE:WNC)

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Thursday, January 8th will be given a dividend of 0.08 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, January 8th.

Wabash National has decreased its dividend payment by an average of 0.0%annually over the last three years. Wabash National has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wabash National to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.8%.

Wabash National Stock Up 2.2%

Shares of WNC opened at $7.75 on Friday. The firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The firm has a market cap of $313.80 million, a P/E ratio of -3.20 and a beta of 1.73. Wabash National has a 52 week low of $6.78 and a 52 week high of $20.63.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $482.57 million during the quarter. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. On average, analysts forecast that Wabash National will post 0.94 earnings per share for the current year.

Institutional Trading of Wabash National

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of Wabash National by 1,520.7% in the first quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after buying an additional 4,912 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Wabash National by 69.9% in the first quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company’s stock worth $2,126,000 after purchasing an additional 79,186 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Wabash National in the first quarter valued at about $671,000. Royce & Associates LP raised its position in shares of Wabash National by 2.3% during the first quarter. Royce & Associates LP now owns 985,877 shares of the company’s stock worth $10,894,000 after acquiring an additional 22,510 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Wabash National in the first quarter worth approximately $5,874,000. Institutional investors own 97.05% of the company’s stock.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.