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The Shyft Group (SHYF) Stock Price, News & Analysis

The Shyft Group logo
$13.45 +0.07 (+0.52%)
(As of 01:09 PM ET)

About The Shyft Group Stock (NASDAQ:SHYF)

Key Stats

Today's Range
$13.22
$13.58
50-Day Range
$11.57
$14.90
52-Week Range
$9.81
$17.56
Volume
52,217 shs
Average Volume
295,445 shs
Market Capitalization
$463.89 million
P/E Ratio
N/A
Dividend Yield
1.49%
Price Target
$18.00
Consensus Rating
Buy

Company Overview

The Shyft Group, Inc. engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment provides diesel motor home chassis; and truck bodies under the Royal Truck Body and DuraMag brands. The segment also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. It sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.

The Shyft Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

SHYF MarketRank™: 

The Shyft Group scored higher than 80% of companies evaluated by MarketBeat, and ranked 22nd out of 92 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    The Shyft Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    The Shyft Group has received no research coverage in the past 90 days.

  • Read more about The Shyft Group's stock forecast and price target.
  • Earnings Growth

    Earnings for The Shyft Group are expected to grow by 134.48% in the coming year, from $0.29 to $0.68 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of The Shyft Group is -112.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of The Shyft Group is -112.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    The Shyft Group has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about The Shyft Group's valuation and earnings.
  • Percentage of Shares Shorted

    4.17% of the float of The Shyft Group has been sold short.
  • Short Interest Ratio / Days to Cover

    The Shyft Group has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in The Shyft Group has recently decreased by 1.52%, indicating that investor sentiment is improving.
  • Dividend Yield

    The Shyft Group pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    The Shyft Group does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, The Shyft Group will have a dividend payout ratio of 29.41% next year. This indicates that The Shyft Group will be able to sustain or increase its dividend.

  • Read more about The Shyft Group's dividend.
  • Percentage of Shares Shorted

    4.17% of the float of The Shyft Group has been sold short.
  • Short Interest Ratio / Days to Cover

    The Shyft Group has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in The Shyft Group has recently decreased by 1.52%, indicating that investor sentiment is improving.
  • News Sentiment

    The Shyft Group has a news sentiment score of 1.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for The Shyft Group this week, compared to 3 articles on an average week.
  • Search Interest

    1 people have searched for SHYF on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, The Shyft Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.54% of the stock of The Shyft Group is held by insiders.

  • Percentage Held by Institutions

    85.84% of the stock of The Shyft Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about The Shyft Group's insider trading history.
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SHYF Stock News Headlines

Gentherm Names Douyard CFO
Urgent: This election is rigged
If you missed it, my emergency election broadcast is now available - but will be removed soon
Shyft Group CFO To Depart for Outside Opportunity
Shyft Group CFO Jon Douyard Steps Down
Shyft Group CFO Jon Douyard resigns
See More Headlines

SHYF Stock Analysis - Frequently Asked Questions

The Shyft Group's stock was trading at $12.22 at the beginning of 2024. Since then, SHYF shares have increased by 10.5% and is now trading at $13.50.
View the best growth stocks for 2024 here
.

The Shyft Group, Inc. (NASDAQ:SHYF) posted its earnings results on Thursday, July, 25th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.09. The firm's quarterly revenue was down 14.3% compared to the same quarter last year.

Top institutional shareholders of The Shyft Group include Pzena Investment Management LLC (8.99%), Royce & Associates LP (2.76%), Geode Capital Management LLC (2.24%) and State Street Corp (2.05%). Insiders that own company stock include Jonathan C Douyard, Stephen K Guillaume, John Albert Dunn, Terri Pizzuto, Michael Dinkins, Pamela L Kermisch, Thomas R Clevinger, Daryl M Adams and Ronald Edward Harbour.
View institutional ownership trends
.

Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that The Shyft Group investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/18 Dividend
8/16/2024
Dividend Payable
9/18/2024
Ex-Dividend for 12/16 Dividend
11/15/2024
Today
12/03/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobiles And Trucks
Current Symbol
NASDAQ:SHYF
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$18.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+33.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$6.50 million
Pretax Margin
-1.01%

Debt

Sales & Book Value

Annual Sales
$872.20 million
Cash Flow
$0.83 per share
Book Value
$7.35 per share

Miscellaneous

Free Float
33,618,000
Market Cap
$465.62 million
Optionable
Optionable
Beta
1.63

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This page (NASDAQ:SHYF) was last updated on 12/3/2024 by MarketBeat.com Staff
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