Fintel reports that on October 27, 2023, Craig-Hallum maintained coverage of Shyft Group Inc (NASDAQ:SHYF) with a Hold recommendation.
Analyst Price Forecast Suggests 74.75% Upside
As of October 5, 2023, the average one-year price target for Shyft Group Inc is 19.38. The forecasts range from a low of 16.16 to a high of $27.30. The average price target represents an increase of 74.75% from its latest reported closing price of 11.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shyft Group Inc is 1,204MM, an increase of 23.88%. The projected annual non-GAAP EPS is 2.05.
Shyft Group Inc Declares $0.05 Dividend
On August 2, 2023 the company declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Shareholders of record as of August 17, 2023 received the payment on September 18, 2023. Previously, the company paid $0.05 per share.
At the current share price of $11.09 / share, the stock's dividend yield is 1.80%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.71%, the lowest has been 0.19%, and the highest has been 1.76%. The standard deviation of yields is 0.34 (n=234).
The current dividend yield is 3.20 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.24. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 1.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 386 funds or institutions reporting positions in Shyft Group Inc. This is a decrease of 14 owner(s) or 3.50% in the last quarter. Average portfolio weight of all funds dedicated to SHYF is 0.17%, a decrease of 18.88%. Total shares owned by institutions decreased in the last three months by 0.81% to 35,574K shares. 
The put/call ratio of SHYF is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 1,862K shares representing 5.33% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 3.87%. The firm decreased its portfolio allocation in SHYF by 3.86% over the last quarter.
T. Rowe Price Investment Management holds 1,604K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 1,016K shares, representing an increase of 36.65%. The firm increased its portfolio allocation in SHYF by 45.43% over the last quarter.
GW&K Investment Management holds 1,516K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 1,531K shares, representing a decrease of 0.99%. The firm increased its portfolio allocation in SHYF by 40.15% over the last quarter.
Janus Henderson Group holds 1,219K shares representing 3.49% ownership of the company. In it's prior filing, the firm reported owning 958K shares, representing an increase of 21.39%. The firm increased its portfolio allocation in SHYF by 14.87% over the last quarter.
JSIVX - Janus Henderson Small Cap Value Fund Class L holds 1,164K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 913K shares, representing an increase of 21.59%. The firm increased its portfolio allocation in SHYF by 25.15% over the last quarter.
Shyft Group Inc Background Information
(This description is provided by the company.)
Spartan RV Chassis is a part of The Shyft Group family of brands. The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services and Shyft Specialty Vehicles. Today, its family of brands include Utilimaster, Royal Truck Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract manufacturing, and corresponding aftermarket provisions. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 2,900 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019.
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