ValuEngine Lowers Supreme Industries, Inc. (NYSE:STS) to Hold

ValuEngine lowered shares of Supreme Industries, Inc. (NYSE:STS) from a buy rating to a hold rating in a research note issued to investors on Monday, July 17th.

Supreme Industries (STS) traded up 1.15% during midday trading on Monday, hitting $14.98. The stock had a trading volume of 167,354 shares. The company has a 50-day moving average of $16.41 and a 200-day moving average of $18.34. Supreme Industries has a 1-year low of $11.03 and a 1-year high of $22.00. The stock has a market cap of $256.98 million and a price-to-earnings ratio of 14.98.

Supreme Industries (NYSE:STS) last announced its quarterly earnings results on Monday, May 1st. The consumer goods maker reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.18. The company had revenue of $68.70 million for the quarter, compared to analyst estimates of $81.44 million. Supreme Industries had a return on equity of 7.31% and a net margin of 2.71%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. Equities research analysts forecast that Supreme Industries will post $1.15 EPS for the current year.

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A hedge fund recently raised its stake in Supreme Industries stock. Russell Investments Group Ltd. increased its position in shares of Supreme Industries, Inc. (NYSE:STS) by 20.6% during the second quarter, according to its most recent Form 13F filing 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 approximately 0.11% of Supreme Industries worth $308,000 at the end of the most recent reporting period.

About Supreme Industries

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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