1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of The Shyft Group, Inc. ( NASDAQ:SHYF – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,500 shares of the company’s stock, valued at approximately $464,000.
Norges Bank owned about 0.11% of The Shyft Group at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in the business.
Murphy & Mullick Capital Management Corp acquired a new position in shares of The Shyft Group during the 4th quarter worth about $41,000. Quantbot Technologies LP bought a new stake in The Shyft Group during the fourth quarter worth about $48,000. FMR LLC boosted its position in The Shyft Group by 301.
4% during the third quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after purchasing an additional 5,801 shares during the last quarter. Raymond James Financial Inc.
acquired a new position in The Shyft Group during the fourth quarter valued at approximately $209,000. Finally, SG Americas Securities LLC grew its stake in The Shyft Group by 24.3% in the fourth quarter.
SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $215,000 after purchasing an additional 3,575 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts have recently commented on SHYF shares. DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, January 15th.
Roth Mkm reiterated a “buy” rating and issued a $16.00 price target on shares of The Shyft Group in a research note on Tuesday, December 17th. The Shyft Group Price Performance NASDAQ:SHYF opened at $7.
97 on Friday. The Shyft Group, Inc. has a 12-month low of $7.
14 and a 12-month high of $17.56. The firm has a market capitalization of $278.
41 million, a price-to-earnings ratio of -88.55 and a beta of 1.83.
The stock’s 50 day moving average price is $9.76 and its two-hundred day moving average price is $11.59.
The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.
44. The Shyft Group ( NASDAQ:SHYF – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.
05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09).
The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%.
The business had revenue of $201.43 million during the quarter, compared to the consensus estimate of $211.90 million.
On average, analysts anticipate that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.
The Shyft Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, February 27th were issued a $0.05 dividend.
The ex-dividend date was Thursday, February 27th. This represents a $0.20 annualized dividend and a yield of 2.
51%. The Shyft Group’s dividend payout ratio is currently -222.22%.
About The Shyft Group ( Free Report ) The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.
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