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

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.

Key Stats

• Today's Range: $9.02 to $9.68
• 50-Day Range: $7.13 to $10.12
• 52-Week Range: $6.82 to $17.56
• Volume: 219,232 shs
• Average Volume: 291,962 shs
• Market Capitalization: $328.04 million
• P/E Ratio: N/A
• Dividend Yield: 2.13%
• Price Target: $15.50
• Consensus Rating: Buy

The Shyft Group Stock Analysis - MarketRank™

The Shyft Group scored higher than 73% of companies evaluated by MarketBeat, and ranked 36th out of 87 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

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

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 39.71%

Earnings Growth

Earnings for The Shyft Group are expected to grow by 39.71% in the coming year, from $0.68 to $0.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of The Shyft Group is -104.82, 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 -104.82, 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 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.22% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in The Shyft Group has recently increased by 25.39%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

The Shyft Group pays a meaningful dividend of 2.07%, 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 Coverage

The dividend payout ratio of The Shyft Group is 2,000.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, The Shyft Group will have a dividend payout ratio of 21.05% next year. This indicates that The Shyft Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.22% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in The Shyft Group has recently increased by 25.39%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

The Shyft Group has a news sentiment score of 0.76. 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 0.63 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for The Shyft Group this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 1 people have added The Shyft Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 2.50% 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.

SHYF Stock Analysis - Frequently Asked Questions

How have SHYF shares performed this year?

The Shyft Group's stock was trading at $11.74 at the start of the year. Since then, SHYF stock has decreased by 19.5% and is now trading at $9.4460.
View the best growth stocks for 2025 here.

How were The Shyft Group's earnings last quarter?

The Shyft Group, Inc. (NASDAQ:SHYF) issued its earnings results on Thursday, February, 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.09. The company earned $201.43 million during the quarter, compared to analysts' expectations of $211.90 million. The Shyft Group had a positive trailing twelve-month return on equity of 2.75% and a negative net margin of 0.36%.
Read the conference call transcript.

Who are The Shyft Group's major shareholders?

Top institutional shareholders of The Shyft Group include T. Rowe Price Investment Management Inc. (9.95%), Pzena Investment Management LLC (8.83%), Zuckerman Investment Group LLC (4.03%) and Royce & Associates LP (3.39%). Insiders that own company stock include Jonathan C Douyard, Stephen K Guillaume, John Albert Dunn, Terri Pizzuto, Michael Dinkins and Pamela L Kermisch.
View institutional ownership trends.

How do I buy shares of The Shyft Group?

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.

What other stocks do shareholders of The Shyft Group own?

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: 2/20/2025
• Record date for 3/28 Dividend: 2/27/2025
• Ex-Dividend for 3/28 Dividend: 2/27/2025
• Dividend Payable: 3/28/2025
• Record date for 6/16 Dividend: 5/16/2025
• Ex-Dividend for 6/16 Dividend: 5/16/2025
• Today: 5/21/2025
• Dividend Payable: 6/16/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:SHYF
• CIK: 743238
• Web: www.spartanmotors.com
• Phone: (517) 543-6400
• Fax: 517-543-5403
• Employees: 4,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.50
• High Stock Price Target: $16.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +58.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.01
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.37
• P/E Growth: N/A
• Net Income: $6.50 million
• Net Margins: -0.36%
• Pretax Margin: -1.01%
• Return on Equity: 2.75%
• Return on Assets: 1.31%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 1.82
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $792.89 million
• Price / Sales: 0.43
• Cash Flow: $0.68 per share
• Price / Cash Flow: 14.38
• Book Value: $7.35 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 35,010,000
• Free Float: 33,618,000
• Market Cap: $342.05 million
• Optionable: Optionable
• Beta: 1.93