Wabash National Corporation (NYSE:WNC): A Fundamentally Weighted Stock for Long-Term Investors

Wabash National Corporation (NYSE:WNC) shares traded -4.85% lower at $24.53 on Wall Street last session.

As we calculate the median target price by taking the range between a high of $35.00 and a low of $27.50, we find $30.00. Given the previous closing price of $25.78, this indicates a potential upside of 16.37 percent. WNC stock price is now -6.61% away from the 50-day moving average and 21.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.

Brokers who have rated the stock have averaged $30.90 as their price target over the next twelve months.

With the price target maintained at $27, Vertical Research recently Downgraded its rating from Buy to Hold for Wabash National Corporation (NYSE: WNC). On December 17, 2021, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘Vertical Research’ rates the stock as ‘Buy’.

In other news, Smith Dustin T, SVP, Chief Strategy Officer sold 41,327 shares of the company’s stock on Mar 08. The stock was sold for $1,126,574 at an average price of $27.26. Upon completion of the transaction, the SVP, Chief Strategy Officer now directly owns 59,398 shares in the company, valued at $1.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, SVP and CFO Pettit Michael N sold 36,020 shares of the business’s stock. A total of $979,384 was realized by selling the stock at an average price of $27.19. This leaves the insider owning 81,474 shares of the company worth $2.0 million. Insiders disposed of 429,650 shares of company stock worth roughly $10.54 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in WNC stock. A new stake in Wabash National Corporation shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $8,308,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $3,226,000 in shares of WNC during the first quarter. In the first quarter, CIBC WORLD MARKET INC. acquired a new stake in Wabash National Corporation valued at approximately $3,069,000. EAM GLOBAL INVESTORS LLC acquired a new stake in WNC for approximately $2,643,000. MAN GROUP PLC purchased a new stake in WNC valued at around $2,244,000 in the second quarter. In total, there are 282 active investors with 99.70% ownership of the company’s stock.

Wabash National Corporation (NYSE: WNC) opened at $24.78 on Monday. During the past 12 months, Wabash National Corporation has had a low of $12.23 and a high of $30.10. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 1.70, and a quick ratio of 1.00. The fifty day moving average price for WNC is $26.27 and a two-hundred day moving average price translates $20.22 for the stock.

The latest earnings results from Wabash National Corporation (NYSE: WNC) was released for Dec, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.71 by 0.13. This compares to -$0.49 EPS in the same period last year. The net profit margin was 4.50% and return on equity was 31.20% for WNC. The company reported revenue of $657.45 million for the quarter, compared to $479.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.18 percent. For the current quarter, analysts expect WNC to generate $624.6M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 04/27/2023. Investors who held shares on 04/06/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.32 dividend and a 1.30% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend. In terms of dividend payout ratio, WNC is presently at 13.80%.

Wabash National Corporation(WNC) Company Profile

Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.