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

ValuEngine downgraded shares of Supreme Industries, Inc. (NYSE:STS) from a buy rating to a hold rating in a report published on Monday, July 17th.

Supreme Industries (NYSE:STS) opened at 20.95 on Monday. The firm’s 50-day moving average price is $16.27 and its 200-day moving average price is $18.23. The firm has a market capitalization of $359.50 million and a PE ratio of 23.67. Supreme Industries has a 1-year low of $11.03 and a 1-year high of $22.00.

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 the Thomson Reuters’ consensus estimate of $0.45 by $0.08. Supreme Industries had a net margin of 2.71% and a return on equity of 7.31%. The company had revenue of $95.50 million for the quarter, compared to analysts’ expectations of $113.06 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Supreme Industries will post $1.15 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Supreme Industries by 11.2% in the second quarter. Northern Trust Corp now owns 164,637 shares of the consumer goods maker’s stock valued at $2,708,000 after buying an additional 16,537 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Supreme Industries during the second quarter valued at about $183,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Supreme Industries during the second quarter valued at about $452,000. JPMorgan Chase & Co. boosted its stake in shares of Supreme Industries by 290.1% in the second quarter. JPMorgan Chase & Co. now owns 58,638 shares of the consumer goods maker’s stock valued at $965,000 after buying an additional 43,607 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Supreme Industries by 83.9% in the second quarter. Royce & Associates LP now owns 2,309,426 shares of the consumer goods maker’s stock valued at $37,990,000 after buying an additional 1,053,747 shares in the last quarter.

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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