Art’s-Way Manufacturing (NASDAQ:ARTW) Announces Quarterly Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) released its earnings results on Thursday. The industrial products company reported $0.03 earnings per share for the quarter, Zacks reports. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.

Art’s-Way Manufacturing Stock Up 1.6%

Shares of ARTW opened at $2.52 on Friday. The company has a 50-day moving average price of $2.62 and a two-hundred day moving average price of $2.47. The company has a quick ratio of 0.58, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The stock has a market cap of $13.05 million, a price-to-earnings ratio of 10.08 and a beta of 0.95. Art’s-Way Manufacturing has a 12 month low of $2.04 and a 12 month high of $4.71.

Institutional Trading of Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in Art’s-Way Manufacturing by 94.3% in the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock valued at $293,000 after buying an additional 60,400 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Art’s-Way Manufacturing during the fourth quarter worth $150,000. Citadel Advisors LLC acquired a new position in shares of Art’s-Way Manufacturing during the third quarter valued at $108,000. Dimensional Fund Advisors LP lifted its stake in shares of Art’s-Way Manufacturing by 142.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 23,983 shares during the period. Finally, XTX Topco Ltd bought a new position in Art’s-Way Manufacturing in the fourth quarter valued at approximately $51,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Art’s-Way Manufacturing has a consensus rating of “Hold”.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.