Wabash National Corporation (WNC) To Go Ex-Dividend on July 2nd

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.08 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

Wabash National has raised its dividend by an average of 0.1%annually over the last three years. Wabash National has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wabash National to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.4%.

Wabash National Trading Down 1.7%

Shares of Wabash National stock opened at $13.82 on Tuesday. The firm has a 50-day simple moving average of $8.86 and a two-hundred day simple moving average of $9.40. The company has a market cap of $561.98 million, a P/E ratio of -8.64 and a beta of 1.55. Wabash National has a fifty-two week low of $6.63 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33.

Wabash National (NYSE:WNC) last posted its earnings results on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The business had revenue of $303.23 million for the quarter, compared to analyst estimates of $319.03 million. During the same quarter last year, the business earned ($0.58) earnings per share. Wabash National’s revenue was down 20.4% on a year-over-year basis. As a group, equities analysts predict that Wabash National will post -1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wabash National

Several large investors have recently bought and sold shares of WNC. Royal Bank of Canada boosted its stake in shares of Wabash National by 93.9% in the first quarter. Royal Bank of Canada now owns 30,789 shares of the company’s stock worth $339,000 after acquiring an additional 14,912 shares during the last quarter. AQR Capital Management LLC raised its stake in Wabash National by 59.1% in the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock valued at $2,483,000 after purchasing an additional 83,473 shares during the last quarter. Millennium Management LLC lifted its holdings in Wabash National by 864.3% in the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock valued at $5,078,000 after purchasing an additional 411,889 shares in the last quarter. Caxton Associates LLP purchased a new position in Wabash National in the 1st quarter valued at $166,000. Finally, Empowered Funds LLC boosted its stake in Wabash National by 4.2% during the 1st quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock worth $2,237,000 after purchasing an additional 8,205 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

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.