WNC has been the topic of several other research reports. Seaport Global Securities reissued a neutral rating on shares of Wabash National Corporation in a research note on Thursday, April 6th. BidaskClub raised Wabash National Corporation from a sell rating to a hold rating in a research report on Tuesday, June 13th. ValuEngine raised Wabash National Corporation from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Wabash National Corporation from a strong-buy rating to a hold rating in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Wabash National Corporation has an average rating of Hold and an average price target of $18.71.
Wabash National Corporation (NYSE WNC) traded up 3.49% during trading on Friday, reaching $22.83. 425,653 shares of the company’s stock were exchanged. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.24 and a beta of 1.82. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The stock’s 50-day moving average price is $21.09 and its 200-day moving average price is $19.88.
Wabash National Corporation (NYSE:WNC) last announced its earnings results on Monday, April 24th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $371.09 million. Wabash National Corporation had a return on equity of 23.44% and a net margin of 6.37%. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts expect that Wabash National Corporation will post $1.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.24 annualized dividend and a yield of 1.06%. Wabash National Corporation’s dividend payout ratio is presently 13.95%.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Wabash National Corporation during the first quarter worth $108,000. TrimTabs Asset Management LLC raised its stake in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock valued at $155,000 after buying an additional 3,520 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Wabash National Corporation by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,930 shares of the company’s stock valued at $221,000 after buying an additional 596 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Wabash National Corporation during the first quarter valued at approximately $250,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after buying an additional 200 shares during the last quarter.
Wabash National Corporation Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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