The Shyft Group
SHYF

$12.39

4.6%

Market Cap: $427M

About: The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for commercial vehicles (including last-mile delivery, specialty service, and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, cargo vans, and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supplies replacement parts and offers repair, maintenance, field service, and refurbishment services for the vehicles that the company manufactures.

Employees: 3,000

Consumer Discretionary Motor Vehicles & Passenger Car Bodies

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 30

1% more funds holding

Funds holding: 151 [Q1] → 152 (+1) [Q2]

1.45% less ownership

Funds ownership: 86.97% [Q1] → 85.52% (-1.45%) [Q2]

6% less capital invested

Capital invested by funds: $371M [Q1] → $350M (-$21.1M) [Q2]

12% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 49

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$18

45%

upside

Avg. target

$18

45%

upside

High target

$18

45%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

DA Davidson

Michael Shlisky

26% 1-year accuracy

6 / 23 met price target

45%upside

$18

Buy

Upgraded

29 Jul 2024

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Financial journalist opinion

Based on 3 articles about SHYF published over the past 30 days

The Shyft Group Secures ZEPCert and GHG Certifications for Blue Arc™ EV Truck

Nationwide Access to Innovative EV Solutions and Significant Financial Incentives for Customers NOVI, Mich. , Sept. 5, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, has announced that its Blue Arc™ Class 4 EV truck has received both Zero-Emission Powertrain Certification (ZEPCert) and a Heavy-Duty Greenhouse Gas (GHG) Enhanced Electric Executive Order from the California Air Resources Board (CARB).

The Shyft Group Secures ZEPCert and GHG Certifications for Blue Arc™ EV Truck

Builtmore Contract Manufacturing Powers Up Production of Isuzu's All-New NRR-EV

Production Begins in Charlotte, Michigan, Demonstrates Builtmore's Agility in Adapting to the Evolving EV Market CHARLOTTE, Mich. , Sept. 3, 2024 /PRNewswire/ -- Builtmore Contract Manufacturing™, a go-to-market brand of The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, has commenced production of the Isuzu NRR-EV at its facility in Charlotte, Michigan.

Builtmore Contract Manufacturing Powers Up Production of Isuzu's All-New NRR-EV

The Shyft Group to Participate in the 15th Annual Midwest IDEAS Investor Conference

NOVI, Mich. , Aug. 28, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced today that its management team will be hosting investors at the 15th Annual Midwest IDEAS Investor Conference on Thursday, August 29, 2024 in Chicago.

The Shyft Group to Participate in the 15th Annual Midwest IDEAS Investor Conference

The Shyft Group to Participate in the Raymond James Industrial and Energy Showcase

NOVI, Mich. , Aug. 8, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced today that its management team will be meeting with investors at the Raymond James Industrial and Energy Showcase on August 8, 2024.

The Shyft Group to Participate in the Raymond James Industrial and Energy Showcase

The Shyft Group Announces Quarterly Dividend

NOVI, Mich. , Aug. 2, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.

The Shyft Group Announces Quarterly Dividend

The Shyft Group, Inc. (SHYF) Q2 2024 Earnings Call Transcript

The Shyft Group, Inc. (NASDAQ:SHYF ) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Randy Wilson - Vice President, Investor Relations & Treasury John Dunn - President & Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Matt Koranda - ROTH Capital Mike Shlisky - D. A. Davidson Tyler DiMatteo - BTIG Operator Good morning, and welcome to The Shyft Group's Second Quarter 2024 Conference Call and Webcast.

The Shyft Group, Inc. (SHYF) Q2 2024 Earnings Call Transcript

Zacks Investment Research

The Shyft Group (SHYF) Beats Q2 Earnings Estimates

The Shyft Group (SHYF) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.25 per share a year ago.

The Shyft Group (SHYF) Beats Q2 Earnings Estimates

The Shyft Group Reports Second Quarter 2024 Results

Delivered sales of $193 million, EPS of $0.06 and adjusted EPS of $0.16 Received order for 150 Blue Arc™ EV Trucks from FedEx; Blue Arc Class 4 vehicle production remains on track for 2024 Acquired Independent Truck Upfitters (ITU) to further accelerate Specialty Vehicles growth Increased full year 2024 adjusted EBITDA midpoint with updated outlook now at $45 to $50 million NOVI, Mich., July 25, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the second quarter ending June 30, 2024.

The Shyft Group Reports Second Quarter 2024 Results

The Shyft Group Acquires Independent Truck Upfitters, Enhancing Capabilities Across Specialty Vehicle Product Portfolio

NOVI, Mich. , July 25, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced it acquired Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest.

The Shyft Group Acquires Independent Truck Upfitters, Enhancing Capabilities Across Specialty Vehicle Product Portfolio

The Shyft Group Announces Second Quarter 2024 Financial Results Conference Call

NOVI, Mich. , July 17, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its second quarter 2024 financial results prior to the market opening on Thursday, July 25, 2024.

The Shyft Group Announces Second Quarter 2024 Financial Results Conference Call

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