Mtd Holdings Inc
recently revealed that they own a 34.2% stake in Shiloh Industries, Inc. (NASDAQ:SHLO) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, July 19th. The investor owns 7,905,266 shares of the stock worth approximately $60,080,022. The filing is available through EDGAR at this link.
Mtd Holdings Inc
provided the following explanation of their ownership:
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Shares of Shiloh Industries, Inc. (SHLO) traded down 6.40% on Friday, reaching $7.60. 609,250 shares of the company were exchanged. Shiloh Industries, Inc. has a 52-week low of $6.50 and a 52-week high of $16.69. The company has a market capitalization of $135.83 million, a P/E ratio of 20.00 and a beta of 2.23. The stock has a 50 day moving average of $11.18 and a 200-day moving average of $12.29.
Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Thursday, June 1st. The basic materials company reported $0.36 earnings per share (EPS) for the quarter. Shiloh Industries had a net margin of 0.68% and a return on equity of 11.38%. The business had revenue of $273.03 million for the quarter. On average, analysts predict that Shiloh Industries, Inc. will post $1.60 EPS for the current fiscal year.
A number of analysts have weighed in on SHLO shares. ValuEngine lowered Shiloh Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet downgraded Shiloh Industries from a “c” rating to a “d+” rating in a research report on Wednesday, May 17th.
In other Shiloh Industries news, major shareholder Mtd Holdings Inc sold 500,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $7.76, for a total transaction of $3,880,000.00. Following the transaction, the insider now directly owns 7,300,866 shares in the company, valued at $56,654,720.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 51.70% of the company’s stock.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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