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NASDAQ:SHYF

The Shyft Group (SHYF) Stock Price, News & Analysis

$12.42
+0.25 (+2.05%)
(As of 04:22 PM ET)
Today's Range
$12.13
$12.47
50-Day Range
$10.04
$12.17
52-Week Range
$9.81
$27.36
Volume
117,706 shs
Average Volume
270,628 shs
Market Capitalization
$426.13 million
P/E Ratio
69.00
Dividend Yield
1.61%
Price Target
$14.00

The Shyft Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
12.7% Upside
$14.00 Price Target
Short Interest
Healthy
4.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of The Shyft Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$49,995 Bought Last Quarter
Proj. Earnings Growth
171.43%
From $0.28 to $0.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.66 out of 5 stars

Auto/Tires/Trucks Sector

30th out of 82 stocks

Motor Vehicles & Car Bodies Industry

8th out of 27 stocks

SHYF stock logo

About The Shyft Group Stock (NASDAQ:SHYF)

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. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment provides diesel motor home chassis; and truck bodies under the Royal Truck Body and DuraMag brands. The segment also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. It sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.

SHYF Stock Price History

SHYF Stock News Headlines

[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Shyft Group (SHYF) Faced Cyclical Headwinds in 2023
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Q4 2023 Shyft Group Inc Earnings Call
Why Shyft Group Shares Are Rising Today
The Shyft Group: Q4 Earnings Snapshot
Shyft Group's Earnings: A Preview
See More Headlines
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Company Calendar

Ex-Dividend for 3/18 Dividend
2/15/2024
Last Earnings
2/22/2024
Dividend Payable
3/18/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:SHYF
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.00
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$6.50 million
Pretax Margin
0.08%

Debt

Sales & Book Value

Annual Sales
$872.20 million
Cash Flow
$0.90 per share
Book Value
$7.35 per share

Miscellaneous

Free Float
33,539,000
Market Cap
$426.13 million
Optionable
Optionable
Beta
1.65
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Key Executives

  • Mr. Jonathan C. Douyard (Age 44)
    Chief Financial Officer
    Comp: $582.97k
  • Mr. Joshua Alan Sherbin (Age 61)
    Chief Legal Officer, Chief Compliance Officer & Corporate Secretary
    Comp: $533.96k
  • Mr. Colin E. Hindman (Age 50)
    Chief Human Resources Officer
    Comp: $448.38k
  • Mr. Daryl M. AdamsMr. Daryl M. Adams (Age 62)
    Advisor
    Comp: $1.21M
  • Mr. John A. Dunn (Age 57)
    President, CEO & Director
  • Mr. Scott Matthew Ocholik (Age 51)
    VP, Chief Accounting Officer & Corporate Controller
  • Mr. Andrew Anderson
    Chief Information Officer
  • Mr. Randy Wilson
    VP of Investor Relations & Group Treasurer
  • Mr. Todd S. Fierro (Age 60)
    President of Emergency Response
  • Mr. Jacob Farmer (Age 46)
    President of Fleet Vehicles & Services

SHYF Stock Analysis - Frequently Asked Questions

Should I buy or sell The Shyft Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last twelve months. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHYF shares.
View SHYF analyst ratings
or view top-rated stocks.

What is The Shyft Group's stock price target for 2024?

4 brokerages have issued 12 month price targets for The Shyft Group's stock. Their SHYF share price targets range from $12.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for SHYF
or view top-rated stocks among Wall Street analysts.

How have SHYF shares performed in 2024?

The Shyft Group's stock was trading at $12.22 at the start of the year. Since then, SHYF shares have increased by 1.6% and is now trading at $12.42.
View the best growth stocks for 2024 here
.

When is The Shyft Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SHYF earnings forecast
.

How were The Shyft Group's earnings last quarter?

The Shyft Group, Inc. (NASDAQ:SHYF) issued its earnings results on Thursday, February, 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.03. The company had revenue of $202.33 million for the quarter, compared to analyst estimates of $205.40 million. The Shyft Group had a net margin of 0.74% and a trailing twelve-month return on equity of 4.91%.

How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group?

The Shyft Group declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Friday, February 16th will be given a dividend of $0.05 per share on Monday, March 18th. This represents a $0.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 15th.
Read our dividend analysis for SHYF
.

Is The Shyft Group a good dividend stock?

The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 111.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SHYF will have a dividend payout ratio of 26.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHYF.

What ETF holds The Shyft Group's stock?

First Trust RBA American Industrial Renaissance ETF holds 524,537 shares of SHYF stock, representing 1.77% of its portfolio.

What guidance has The Shyft Group issued on next quarter's earnings?

The Shyft Group issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $0.28-0.51 for the period, compared to the consensus earnings per share estimate of $0.61. The company issued revenue guidance of $850-900 million, compared to the consensus revenue estimate of $876.80 million.

What other stocks do shareholders of The Shyft Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD), Best Buy (BBY), Ball (BLL), Livongo Health (LVGO), PennyMac Financial Services (PFSI), QUALCOMM (QCOM), Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM).

Who are The Shyft Group's major shareholders?

The Shyft Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.18%), Vanguard Group Inc. (5.17%), Dimensional Fund Advisors LP (3.29%), Orchard Capital Management LLC (1.60%), PNC Financial Services Group Inc. (1.56%) and PNC Financial Services Group Inc. (1.56%). Insiders that own company stock include Daryl M Adams, Daryl M Adams, John Albert Dunn, Jonathan C Douyard, Joshua A Sherbin, Michael Dinkins, Pamela L Kermisch, Ronald Edward Harbour, Stephen K Guillaume, Terri Pizzuto and Thomas R Clevinger.
View institutional ownership trends
.

How do I buy shares of The Shyft Group?

Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SHYF) was last updated on 3/28/2024 by MarketBeat.com Staff

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