The stock of Wabash National Corporation (NYSE:WNC) last traded at $23.11, up 2.48% from the previous session.
Data from the available sources indicates that Wabash National Corporation (NYSE:WNC) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $26.00, we find $32.00. Given the previous closing price of $22.55, this indicates a potential upside of 41.91 percent. WNC stock price is now -3.05% away from the 50-day moving average and -6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $31.33 as their price target over the next twelve months.
In other news, Magee Larry J, Director sold 13,000 shares of the company’s stock on May 01. The stock was sold for $339,963 at an average price of $26.15. Upon completion of the transaction, the Director now directly owns 111,874 shares in the company, valued at $2.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, SVP, Chief Strategy Officer Smith Dustin T sold 41,327 shares of the business’s stock. A total of $1,126,574 was realized by selling the stock at an average price of $27.26. This leaves the insider owning 59,398 shares of the company worth $1.37 million. Insiders disposed of 717,499 shares of company stock worth roughly $16.58 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 PACER ADVISORS, INC. during the first quarter worth $12,553,000. MARSHALL WACE, LLP invested $7,170,000 in shares of WNC during the first quarter. In the first quarter, ZACKS INVESTMENT MANAGEMENT acquired a new stake in Wabash National Corporation valued at approximately $4,023,000. WINMILL & CO. INC acquired a new stake in WNC for approximately $3,929,000. FIRST TRUST ADVISORS LP purchased a new stake in WNC valued at around $3,823,000 in the second quarter. In total, there are 349 active investors with 101.17% ownership of the company’s stock.
With an opening price of $22.79 on Friday morning, Wabash National Corporation (NYSE: WNC) set off the trading day. During the past 12 months, Wabash National Corporation has had a low of $14.90 and a high of $30.10. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 1.70, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $1.41B, which is based on a 5.59 price-to-earnings ratio, a 0.37 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for WNC is $23.75 and a two-hundred day moving average price translates $24.74 for the stock.
The latest earnings results from Wabash National Corporation (NYSE: WNC) was released for Jun, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $1.54, beating analysts’ expectations of $1.31 by 0.23. This compares to $0.46 EPS in the same period last year. The net profit margin was 7.80% and return on equity was 48.90% for WNC. The company reported revenue of $686.62 million for the quarter, compared to $642.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.82 percent. For the current quarter, analysts expect WNC to generate $679.02M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/26/2023. Investors who held shares on 10/05/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.32 dividend and a 1.38% percent yield. There was an ex-dividend date of 10/04/2023 for this dividend. In terms of dividend payout ratio, WNC is presently at 7.50%.
Wabash National Corporation(WNC) Company Profile
Wabash National Corporation designs, manufactures, and distributes connected 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; cargo and cargo XL bodies for commercial applications; insulated van bodies; stake bodies; platform truck 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; steel flatbed bodies, truck body mounting, 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. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.
