Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.02 per share by the transportation company on Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, September 27th.
Heartland Express has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Heartland Express to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 16.7%.
Heartland Express Price Performance
Shares of HTLD stock opened at $11.95 on Thursday. The stock’s fifty day simple moving average is $12.30 and its 200 day simple moving average is $11.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.23 and a quick ratio of 1.23. Heartland Express has a one year low of $9.63 and a one year high of $15.56. The firm has a market cap of $944.66 million, a price-to-earnings ratio of -70.29 and a beta of 0.69.
Insider Buying and Selling at Heartland Express
In other Heartland Express news, CEO Michael J. Gerdin purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.67 per share, with a total value of $583,500.00. Following the completion of the transaction, the chief executive officer now owns 1,196,718 shares in the company, valued at $13,965,699.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HTLD shares. StockNews.com raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. UBS Group lowered Heartland Express from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $13.00 in a research report on Tuesday, July 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $12.00) on shares of Heartland Express in a research note on Tuesday, July 9th. Finally, Barclays boosted their target price on shares of Heartland Express from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Heartland Express presently has an average rating of “Hold” and a consensus target price of $12.00.
Get Our Latest Analysis on Heartland Express
About Heartland Express
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.
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