Shiloh Industries (NASDAQ:SHLO) Downgraded by ValuEngine to Strong Sell

ValuEngine cut shares of Shiloh Industries (NASDAQ:SHLO) from a sell rating to a strong sell rating in a research note released on Thursday, April 11th, ValuEngine reports.

Separately, Zacks Investment Research downgraded Shiloh Industries from a buy rating to a hold rating in a research report on Saturday, April 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Shiloh Industries currently has a consensus rating of Hold and an average target price of $10.17.

Shares of NASDAQ SHLO traded up $0.20 during mid-day trading on Thursday, reaching $5.96. 19,985 shares of the company traded hands, compared to its average volume of 33,414. The firm has a market cap of $141.31 million, a price-to-earnings ratio of 9.61, a P/E/G ratio of 3.92 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.97 and a current ratio of 1.31. Shiloh Industries has a fifty-two week low of $5.37 and a fifty-two week high of $12.28.

Shiloh Industries (NASDAQ:SHLO) last released its earnings results on Tuesday, March 12th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.12. The firm had revenue of $258.93 million for the quarter. Shiloh Industries had a return on equity of 2.45% and a net margin of 0.17%. As a group, equities research analysts forecast that Shiloh Industries will post 0.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of SHLO. Dimensional Fund Advisors LP increased its stake in shares of Shiloh Industries by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,967,076 shares of the basic materials company’s stock valued at $21,638,000 after buying an additional 40,770 shares during the period. Towle & Co. grew its stake in shares of Shiloh Industries by 0.5% during the fourth quarter. Towle & Co. now owns 1,321,610 shares of the basic materials company’s stock worth $7,705,000 after purchasing an additional 6,246 shares during the period. BlackRock Inc. grew its stake in shares of Shiloh Industries by 2.0% during the fourth quarter. BlackRock Inc. now owns 953,936 shares of the basic materials company’s stock worth $5,561,000 after purchasing an additional 18,294 shares during the period. Weber Alan W grew its stake in shares of Shiloh Industries by 16.2% during the fourth quarter. Weber Alan W now owns 759,696 shares of the basic materials company’s stock worth $4,429,000 after purchasing an additional 105,803 shares during the period. Finally, Vanguard Group Inc grew its stake in shares of Shiloh Industries by 3.8% during the third quarter. Vanguard Group Inc now owns 699,009 shares of the basic materials company’s stock worth $7,689,000 after purchasing an additional 25,651 shares during the period. Hedge funds and other institutional investors own 45.04% of the company’s stock.

About Shiloh Industries

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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