Shiloh Industries (NASDAQ:SHLO) released its earnings results on Thursday, September 5th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02, Morningstar.com reports. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%. The firm had revenue of $263.45 million for the quarter. Shiloh Industries updated its FY 2019 guidance to EPS.
Shares of SHLO traded up $0.18 during mid-day trading on Friday, reaching $4.20. 200 shares of the company were exchanged, compared to its average volume of 33,648. The stock has a market capitalization of $96.83 million, a PE ratio of 6.76, a PEG ratio of 1.79 and a beta of 1.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.03 and a current ratio of 1.34. Shiloh Industries has a 52 week low of $3.97 and a 52 week high of $12.28. The business has a 50 day simple moving average of $4.55 and a two-hundred day simple moving average of $5.18.
In related news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of Shiloh Industries stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $5.18, for a total transaction of $3,130,792.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 37.40% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of SHLO. Geode Capital Management LLC boosted its holdings in shares of Shiloh Industries by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 154,690 shares of the basic materials company’s stock worth $901,000 after purchasing an additional 6,735 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Shiloh Industries by 55.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 128,908 shares of the basic materials company’s stock valued at $709,000 after acquiring an additional 45,808 shares during the last quarter. Weber Alan W lifted its stake in shares of Shiloh Industries by 35.9% in the 1st quarter. Weber Alan W now owns 1,032,520 shares of the basic materials company’s stock valued at $5,679,000 after acquiring an additional 272,824 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Shiloh Industries by 120.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,970 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 18,012 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 valued at $188,000 after acquiring an additional 9,451 shares during the last quarter. Institutional investors and hedge funds own 43.41% of the company’s stock.
A number of brokerages have recently issued reports on SHLO. TheStreet cut Shiloh Industries from a “c-” rating to a “d” rating in a research note on Wednesday, August 14th. ValuEngine raised Shiloh Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised Shiloh Industries from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Tuesday, July 23rd. Finally, Bank of America raised Shiloh Industries from an “underperform” rating to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.92.
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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