Wabash National (NYSE:WNC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Wabash National Corporation (NYSE:WNC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.30 and traded as high as $9.78. Wabash National shares last traded at $9.5770, with a volume of 335,150 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WNC shares. Weiss Ratings lowered shares of Wabash National from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, February 24th. Zacks Research raised shares of Wabash National from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Finally, DA Davidson reissued a “neutral” rating and set a $11.00 price objective on shares of Wabash National in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

Wabash National Stock Up 5.4%

The stock has a market capitalization of $389.50 million, a PE ratio of 1.97 and a beta of 1.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.39 and a quick ratio of 0.79. The business’s fifty day moving average price is $9.56 and its two-hundred day moving average price is $9.30.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). Wabash National had a net margin of 13.71% and a negative return on equity of 22.79%. The company had revenue of $321.45 million for the quarter, compared to analysts’ expectations of $318.32 million. During the same period last year, the firm earned ($0.02) earnings per share. Wabash National’s quarterly revenue was down 22.9% compared to the same quarter last year. On average, equities research analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 2nd. Wabash National’s dividend payout ratio is presently 6.57%.

Institutional Investors Weigh In On Wabash National

Several hedge funds have recently added to or reduced their stakes in WNC. CANADA LIFE ASSURANCE Co purchased a new stake in Wabash National in the fourth quarter valued at $37,000. Quadrant Capital Group LLC boosted its holdings in Wabash National by 515.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after purchasing an additional 4,530 shares during the last quarter. CWM LLC boosted its holdings in Wabash National by 82.6% in the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after purchasing an additional 2,758 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Wabash National in the third quarter valued at $73,000. Finally, BNP Paribas Financial Markets boosted its holdings in Wabash National by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after purchasing an additional 4,129 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.