Wabash National (NYSE:WNC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Wabash National Corporation (NYSE:WNC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.73 and traded as high as $9.81. Wabash National shares last traded at $9.7490, with a volume of 555,637 shares trading hands.

Wall Street Analysts Forecast Growth

WNC has been the subject of a number of research reports. National Bankshares set a $9.00 price target on shares of Wabash National in a report on Thursday, October 23rd. DA Davidson reissued a “neutral” rating and issued a $9.00 price target on shares of Wabash National in a research report on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Wabash National in a research report on Monday, December 29th. Zacks Research downgraded Wabash National from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $9.00.

Wabash National Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 1.01. The stock has a market cap of $395.03 million, a PE ratio of 1.60 and a beta of 1.67. The business has a 50-day moving average price of $8.62 and a 200 day moving average price of $9.73.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $482.57 million for the quarter. Wabash National had a negative return on equity of 15.21% and a net margin of 15.89%.Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. As a group, research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 8th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, January 8th. This represents a $0.32 annualized dividend and a dividend yield of 3.3%. Wabash National’s dividend payout ratio is currently 5.26%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new position in shares of Wabash National in the second quarter valued at approximately $32,629,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Wabash National by 2.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock valued at $17,975,000 after acquiring an additional 36,226 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Wabash National by 4.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock valued at $15,367,000 after acquiring an additional 59,054 shares during the last quarter. Royce & Associates LP raised its stake in Wabash National by 1.4% in the third quarter. Royce & Associates LP now owns 1,210,338 shares of the company’s stock valued at $11,946,000 after purchasing an additional 16,838 shares in the last quarter. Finally, Cambria Investment Management L.P. grew its stake in Wabash National by 8.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 648,287 shares of the company’s stock worth $6,399,000 after buying an additional 49,536 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

About Wabash National

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.