Several other equities analysts have also recently issued reports on SHLO. TheStreet cut Shiloh Industries from a c- rating to a d rating in a report on Wednesday, August 14th. Zacks Investment Research raised Shiloh Industries from a hold rating to a buy rating and set a $5.75 price objective for the company in a report on Tuesday, July 23rd. Finally, ValuEngine raised Shiloh Industries from a strong sell rating to a sell rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $9.92.
Shares of SHLO opened at $4.11 on Friday. The stock has a 50-day moving average of $4.46 and a two-hundred day moving average of $5.14. Shiloh Industries has a one year low of $3.97 and a one year high of $12.28. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.03 and a current ratio of 1.34. The stock has a market cap of $95.64 million, a P/E ratio of 6.63, a P/E/G ratio of 1.76 and a beta of 1.70.
Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Thursday, September 5th. The basic materials company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $263.45 million during the quarter. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%. Analysts predict that Shiloh Industries will post 0.3 EPS for the current fiscal year.
In other news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $5.18, for a total value of $3,130,792.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 37.40% of the company’s stock.
Several hedge funds have recently modified their holdings of SHLO. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Shiloh Industries by 32.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,640 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 9,451 shares during the period. New England Private Wealth Advisors LLC acquired a new position in Shiloh Industries in the 2nd quarter worth about $58,000. Vanguard Group Inc. raised its holdings in Shiloh Industries by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 730,104 shares of the basic materials company’s stock worth $3,556,000 after purchasing an additional 12,228 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Shiloh Industries by 30.6% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 54,440 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 12,765 shares during the period. Finally, Weiss Asset Management LP acquired a new position in Shiloh Industries in the 2nd quarter worth about $75,000. 43.35% of the stock is owned by institutional investors and hedge funds.
About Shiloh Industries
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.
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