Thrivent Financial for Lutherans Decreases Stake in Wabash National Co. (NYSE:WNC)

Thrivent Financial for Lutherans cut its holdings in shares of Wabash National Co. (NYSE:WNC – Get Rating) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,178 shares of the company’s stock after selling 1,009 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Wabash National worth $1,111,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC purchased a new position in shares of Wabash National during the fourth quarter valued at approximately $33,000. Quantbot Technologies LP purchased a new position in shares of Wabash National during the first quarter valued at approximately $26,000. Lazard Asset Management LLC purchased a new position in shares of Wabash National during the third quarter valued at approximately $41,000. Tower Research Capital LLC TRC increased its stake in shares of Wabash National by 123.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $59,000 after buying an additional 2,108 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Wabash National by 62.4% during the first quarter. Captrust Financial Advisors now owns 4,470 shares of the company’s stock valued at $66,000 after buying an additional 1,717 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Brent L. Yeagy sold 94,961 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $27.55, for a total transaction of $2,616,175.55. Following the transaction, the chief executive officer now directly owns 338,038 shares of the company’s stock, valued at $9,312,946.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Brent L. Yeagy sold 94,961 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $27.55, for a total transaction of $2,616,175.55. Following the transaction, the chief executive officer now directly owns 338,038 shares of the company’s stock, valued at $9,312,946.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael N. Pettit sold 36,020 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $27.19, for a total value of $979,383.80. Following the transaction, the chief financial officer now directly owns 81,474 shares in the company, valued at $2,215,278.06. The disclosure for this sale can be found here. Insiders have sold a total of 183,005 shares of company stock valued at $4,996,023 over the last ninety days. 1.13% of the stock is currently owned by corporate insiders.

Wabash National Trading Down 2.0 %

Wabash National stock opened at $24.91 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $23.79 and its two-hundred day simple moving average is $24.83. Wabash National Co. has a 12 month low of $12.81 and a 12 month high of $30.10. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.11 and a beta of 1.61.

Wabash National (NYSE:WNC – Get Rating) last released its earnings results on Wednesday, April 26th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.45 by $0.59. Wabash National had a return on equity of 39.80% and a net margin of 5.88%. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $624.38 million. During the same period in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts predict that Wabash National Co. will post 4.29 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Wednesday, July 5th. Wabash National’s payout ratio is currently 10.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WNC shares. Raymond James boosted their target price on Wabash National from $29.00 to $33.00 and gave the company a “strong-buy” rating in a research note on Friday, February 3rd. StockNews.com upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a research report on Friday. BMO Capital Markets lifted their price target on Wabash National from $17.00 to $27.50 in a research report on Friday, February 3rd. Finally, DA Davidson lifted their price target on Wabash National from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Wabash National has a consensus rating of “Buy” and a consensus target price of $28.30.

Wabash National Profile

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Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the company or through independent dealers.