Shiloh Industries (SHLO) Downgraded to “Hold” at Zacks Investment Research

Shiloh Industries (NASDAQ:SHLO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Shiloh Industries, Inc. is a global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets, capable of delivering solutions in aluminum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers. The company offers one of the broadest portfolio of lightweighting solutions in the industry through their BlankLight (TM), CastLight (TM) and StampLight (TM) brands. Shiloh designs and manufactures components in body, chassis and powertrain systems with expertise in precision blanks, ShilohCore (TM) acoustic laminates, aluminum and steel laser welded blanks, complex stampings, modular assemblies, aluminum and magnesium die casting, as well as precision machined components. Shiloh has operations, sales and technical centers throughout Asia, Europe and North America. “

Separately, ValuEngine downgraded Shiloh Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Shiloh Industries has a consensus rating of “Hold” and an average target price of $10.17.

Shares of Shiloh Industries stock opened at $5.80 on Friday. Shiloh Industries has a 1 year low of $5.37 and a 1 year high of $12.28. The stock has a market capitalization of $137.51 million, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 3.82 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 1.21.

Shiloh Industries (NASDAQ:SHLO) last posted its quarterly earnings data on Tuesday, March 12th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.12. The business had revenue of $258.93 million during the quarter. Shiloh Industries had a return on equity of 2.45% and a net margin of 0.17%. On average, research analysts predict that Shiloh Industries will post 0.2 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Shiloh Industries by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 154,690 shares of the basic materials company’s stock valued at $901,000 after purchasing an additional 6,735 shares during the period. Weber Alan W grew its holdings in Shiloh Industries by 16.2% during the fourth quarter. Weber Alan W now owns 759,696 shares of the basic materials company’s stock valued at $4,429,000 after purchasing an additional 105,803 shares during the period. Brandywine Global Investment Management LLC grew its holdings in Shiloh Industries by 33.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,510 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 3,170 shares during the period. Next Capital Management LLC bought a new position in Shiloh Industries during the fourth quarter valued at $117,000. Finally, Alambic Investment Management L.P. grew its holdings in Shiloh Industries by 255.8% during the fourth quarter. Alambic Investment Management L.P. now owns 37,163 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 26,717 shares during the period. Institutional investors and hedge funds own 45.04% of the company’s stock.

Shiloh Industries Company Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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