Handle With Care: Shiloh Industries Inc. (NASDAQ: SHLO)


    Alan W. Weber (Investment Managem. recently announced the acquisition of new stake in Shiloh Industries Inc. (NASDAQ:SHLO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 2.80% to 1.65 million shares with purchase of 45000.0 shares. This fresh investment now brings its stake to 6.82% valued currently at $2.67 million. In addition, Royce & Associates LP raised its holdings by 32713.0 to 0.3 million shares. And BlackRock Fund Advisors has lifted its position by 5.83% or 13076.0 shares – to 0.24 million shares.

    With over 0.52 million Shiloh Industries Inc. (SHLO) shares trading Thursday and a closing price of $1.40 on the day, the dollar volume was approximately $0.73 million. The shares have shown a negative weekly performance of -9.09% and its price on 08/05/20 lost nearly -2.10%. Currently, there are 23.79M common shares owned by the public and among those 15.56M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SHLO have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Shiloh Industries Inc. stock is 3.00 for the next 12 months. But an upside of 65.0% will see the stock hit the forecast high price target while mean target price for the stock is $4.00.

    Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 338,943 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 2,947 shares.

    The top 3 mutual fund holders in Shiloh Industries Inc. are Vanguard Total Stock Market Index, DFA US Small Cap Value Portfolio, and DFA US Small Cap Portfolio. Vanguard Total Stock Market Index owns 0.47 million shares of the company’s stock, all valued at over $0.75 million. DFA US Small Cap Portfolio now owns shares totaling to 1.36% of the shares outstanding.

    Shares of Shiloh Industries Inc. (NASDAQ: SHLO) opened at $1.45, up $0.02 from a prior closing price of $1.43. However, the script later closed the day at $1.40, down -2.10%. The company’s stock has a 5-day price change of -9.09% and 57.62% over the past three months. SHLO shares are trading -60.67% year to date (YTD), with the 12-month market performance down to -70.89% lower. It has a 12-month low price of $0.75 and touched a high of $5.21 over the same period. Currently, 0.52 million shares have been traded, compared to an average intraday trading volume of 1.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.77%, -3.06%, and -41.65% respectively.

    Institutional ownership of Shiloh Industries Inc. (NASDAQ: SHLO) shares accounts for 39.10% of the company’s 23.79M shares outstanding. Mutual fund holders own 25.22%, while other institutional holders and individual stakeholders account for 47.29% and 13.43% respectively.

    It has a market capitalization of $36.78M and a beta (3y monthly) value of 1.84. The earnings-per-share (ttm) stands at -$3.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.63% over the week and 10.19% over the month.

    Analysts forecast that Shiloh Industries Inc. (SHLO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.24 a year ago. EPS should grow at an annualized rate of -6.20% over the next five years, compared to -22.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Shiloh Industries Inc. (SHLO) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the SHLO, a number of firms have released research notes about the stock. BofA/Merrill stated their Neutral rating for the stock in a research note on September 07, 2017, with the firm’s price target at $9.50.


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