Art's-Way Manufacturing (ARTW)
Market Price (6/6/2026): $2.62 | Market Cap: $13.5 MilSector: Industrials | Industry: Agricultural & Farm Machinery
Art's-Way Manufacturing (ARTW)
Market Price (6/6/2026): $2.62Market Cap: $13.5 MilSector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2% Megatrend and thematic driversMegatrends include Agricultural Innovation & Efficiency. Themes include Specialty Agricultural Machinery, and Livestock Feed & Grain Processing. | Weak multi-year price returns3Y Excs Rtn is -72% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.6% Key risksARTW key risks include [1] elevated debt and thin profit margins, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2% |
| Megatrend and thematic driversMegatrends include Agricultural Innovation & Efficiency. Themes include Specialty Agricultural Machinery, and Livestock Feed & Grain Processing. |
| Weak multi-year price returns3Y Excs Rtn is -72% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.6% |
| Key risksARTW key risks include [1] elevated debt and thin profit margins, Show more. |
Qualitative Assessment
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Art's-Way Manufacturing (ARTW) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. Strong Q1 Fiscal 2026 Financial Results: Art's-Way Manufacturing reported a significant turnaround in its first quarter of fiscal 2026, which ended February 28, 2026, and was announced in April 2026. The company achieved a consolidated sales increase of 29.2%, or $1,499,000, compared to the same period in fiscal 2025. This performance led to a return to profitability with a net income of $196,000, a $252,000 improvement from a net loss in the prior year's first quarter. Basic and diluted earnings per share also rose to $0.04 from a loss of $0.01.
2. Robust Growth in Modular Buildings Segment: The Modular Buildings segment demonstrated strong momentum, with sales increasing by 31.6% to $2,886,000 in Q1 fiscal 2026 compared to Q1 fiscal 2025. The company highlighted a substantial backlog in this segment going into fiscal 2026 and sustained strong demand for its animal containment and laboratory buildings, projecting the backlog to extend well into the third quarter of fiscal 2026.
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Stock Movement Drivers
Fundamental Drivers
The 11.0% change in ARTW stock from 2/28/2026 to 6/6/2026 was primarily driven by a 16.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.36 | 2.62 | 11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23 | 24 | 6.5% |
| Net Income Margin (%) | 4.5% | 5.3% | 16.8% |
| P/E Multiple | 11.7 | 10.5 | -10.2% |
| Shares Outstanding (Mil) | 5 | 5 | -0.6% |
| Cumulative Contribution | 11.0% |
Market Drivers
2/28/2026 to 6/6/2026| Return | Correlation | |
|---|---|---|
| ARTW | 10.2% | |
| Market (SPY) | 7.8% | 25.2% |
| Sector (XLI) | -1.4% | 24.8% |
Fundamental Drivers
The 11.0% change in ARTW stock from 11/30/2025 to 6/6/2026 was primarily driven by a 118.1% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.36 | 2.62 | 11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 1.6% |
| Net Income Margin (%) | 10.4% | 5.3% | -49.6% |
| P/E Multiple | 4.8 | 10.5 | 118.1% |
| Shares Outstanding (Mil) | 5 | 5 | -0.7% |
| Cumulative Contribution | 11.0% |
Market Drivers
11/30/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| ARTW | 10.2% | |
| Market (SPY) | 8.5% | 25.7% |
| Sector (XLI) | 14.0% | 22.4% |
Fundamental Drivers
The 45.6% change in ARTW stock from 5/31/2025 to 6/6/2026 was primarily driven by a 75.5% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.80 | 2.62 | 45.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 2.3% |
| Net Income Margin (%) | 3.0% | 5.3% | 75.5% |
| P/E Multiple | 12.7 | 10.5 | -17.6% |
| Shares Outstanding (Mil) | 5 | 5 | -1.7% |
| Cumulative Contribution | 45.6% |
Market Drivers
5/31/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| ARTW | 44.4% | |
| Market (SPY) | 26.6% | 20.2% |
| Sector (XLI) | 23.6% | 16.7% |
Fundamental Drivers
The 5.6% change in ARTW stock from 5/31/2023 to 6/6/2026 was primarily driven by a 76.7% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.48 | 2.62 | 5.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 24 | -14.0% |
| Net Income Margin (%) | 3.0% | 5.3% | 76.7% |
| P/E Multiple | 14.6 | 10.5 | -28.2% |
| Shares Outstanding (Mil) | 5 | 5 | -3.2% |
| Cumulative Contribution | 5.6% |
Market Drivers
5/31/2023 to 6/6/2026| Return | Correlation | |
|---|---|---|
| ARTW | 4.8% | |
| Market (SPY) | 83.4% | 9.6% |
| Sector (XLI) | 88.1% | 9.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ARTW Return | 23% | -45% | 7% | 5% | 8% | 11% | -9% |
| Peers Return | 42% | 6% | 18% | -4% | 1% | 14% | 95% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| ARTW Win Rate | 58% | 42% | 50% | 33% | 42% | 50% | |
| Peers Win Rate | 68% | 50% | 48% | 40% | 48% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| ARTW Max Drawdown | -33% | -75% | -32% | -40% | -54% | -26% | |
| Peers Max Drawdown | -19% | -34% | -23% | -26% | -33% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DE, AGCO, ALG, WSC, CVCO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | ARTW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.2% | -18.8% |
| % Gain to Breakeven | 20.8% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.5% | -9.5% |
| % Gain to Breakeven | 36.0% | 10.5% |
| Time to Breakeven | 409 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.8% | -6.7% |
| % Gain to Breakeven | 31.3% | 7.1% |
| Time to Breakeven | 6 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.0% | -24.5% |
| % Gain to Breakeven | 96.1% | 32.4% |
| Time to Breakeven | 818 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -22.2% | -33.7% |
| % Gain to Breakeven | 28.6% | 50.9% |
| Time to Breakeven | 86 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.7% | -19.2% |
| % Gain to Breakeven | 34.6% | 23.8% |
| Time to Breakeven | 41 days | 105 days |
In The Past
Art's-Way Manufacturing's stock fell -17.2% during the 2025 US Tariff Shock. Such a loss loss requires a 20.8% gain to breakeven.
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| Event | ARTW | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.5% | -9.5% |
| % Gain to Breakeven | 36.0% | 10.5% |
| Time to Breakeven | 409 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.8% | -6.7% |
| % Gain to Breakeven | 31.3% | 7.1% |
| Time to Breakeven | 6 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.0% | -24.5% |
| % Gain to Breakeven | 96.1% | 32.4% |
| Time to Breakeven | 818 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -22.2% | -33.7% |
| % Gain to Breakeven | 28.6% | 50.9% |
| Time to Breakeven | 86 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.7% | -19.2% |
| % Gain to Breakeven | 34.6% | 23.8% |
| Time to Breakeven | 41 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -43.3% | -12.2% |
| % Gain to Breakeven | 76.4% | 13.9% |
| Time to Breakeven | 2266 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.6% | -6.8% |
| % Gain to Breakeven | 110.9% | 7.3% |
| Time to Breakeven | 2270 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -38.8% | -17.9% |
| % Gain to Breakeven | 63.3% | 21.8% |
| Time to Breakeven | 91 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.9% | -15.4% |
| % Gain to Breakeven | 29.7% | 18.2% |
| Time to Breakeven | 73 days | 125 days |
In The Past
Art's-Way Manufacturing's stock fell -17.2% during the 2025 US Tariff Shock. Such a loss loss requires a 20.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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About Art's-Way Manufacturing (ARTW)
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Imagine a niche John Deere, but that also builds specialized modular research labs and industrial cutting tools.
A very focused, small-scale industrial manufacturer, similar to Illinois Tool Works (ITW), producing specialized equipment for agriculture, scientific research, and manufacturing.
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- Agricultural Equipment: Specialized farm machinery including feed processing equipment, hay and forage equipment, manure spreaders, sugar beet harvesters, and dirt work equipment.
- Modular Science Buildings: Swine buildings, complex containment research laboratories, and other research facilities for various institutions, available for sale or lease.
- Steel Cutting Tools: Standard and specialty tools such as brazed carbide tipped tools, polycrystalline diamond inserts, and cubic boron nitride inserts for industrial applications.
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Major Customers for Art's-Way Manufacturing (ARTW)
Art's-Way Manufacturing (ARTW) primarily sells its products and services to other companies and institutions across its three segments. The provided company description outlines categories of customers rather than specific named major customer companies with their symbols. Therefore, the major customer types served by Art's-Way Manufacturing are:
- Agricultural Products Segment: The company markets and sells its specialized farm machinery and equipment through independent farm equipment dealers and manufacturers' representatives. Additionally, direct sales are made, presumably to larger agricultural operations or farmers.
- Modular Buildings Segment: Customers for modular science buildings and research facilities include academic research institutions, government research and diagnostic centers, public health institutions, and private research and pharmaceutical companies.
- Tools Segment: This segment supplies standard and OEM specialty tools to companies within various industries, including the automotive, aerospace, oil and gas piping, and appliances industries.
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Marc McConnell, President, Chief Executive Officer, and Chairman of the Board of Directors
Marc McConnell assumed the role of President, Chief Executive Officer, and Chairman of the Board of Directors of Art's-Way Manufacturing in October 2024. He has served on Art's Way's Board of Directors since 2001, as Vice Chairman from January 2008 to April 2015, and as Chairman of the Board since 2015. McConnell also served as President of the Farm Equipment Manufacturers Association from 2013-2014. His father, Ward McConnell, after selling his Marc McConnell Tractor business to AGCO in 1994, purchased Logan Potato Equipment and merged it with Art's Way in 1996, subsequently joining the board. Ward McConnell became Chairman in 2002, a role his son Marc assumed in 2015.
Michael Woods, Chief Financial Officer
Michael Woods was promoted to Chief Financial Officer of Art's-Way Manufacturing effective February 1, 2020. Prior to this role, he served as the Vice President of Finance for Art's Way. Woods joined Art's Way in April 2016 and has eight years of experience in various financial and accounting positions. He began his career in public accounting at Brinkman and Reed, CPAs, and also worked at XPO Logistics. Woods graduated from Iowa State University in December 2010 with Bachelor of Science degrees in Accounting and Finance, and he earned his CPA designation in October 2013.
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The key risks to Art's-Way Manufacturing (ARTW) are:- Volatility of Agricultural Market Conditions: The company's Agricultural Products segment is highly susceptible to fluctuations in farm income, which is directly impacted by lower commodity prices, high interest rates, and extreme weather events (such as droughts and floods). This volatility leads farmers to postpone large equipment purchases, shifting capital expenditure from new machinery to essential maintenance, thus creating a direct headwind for Art's-Way's sales pipeline and contributing to declining sales in this segment.
- Technological Lag and Competition: Art's-Way Manufacturing faces the risk of falling behind competitors in the agricultural equipment and modular construction sectors that are moving faster on automation, sensors, and electrification. This technological lag poses a serious near-term risk to the Agricultural Products segment's gross margin.
- Supply Chain Disruptions and Raw Material Cost Volatility: The company experiences challenges related to tariffs and rising raw material costs, particularly steel, which can impact profitability. Ongoing supply chain backlogs, increased demand, and labor shortages also create operational hurdles and necessitate proactive, long-term sourcing strategies for components.
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Art's-Way Manufacturing Co., Inc. operates in three main segments: Agricultural Products, Modular Buildings, and Tools. The addressable markets for these segments are sized globally.
Agricultural Products Segment
- The global agricultural equipment market was estimated at approximately USD 169.55 billion in 2024, USD 171.80 billion in 2024, and USD 172 billion in 2024. This market is projected to grow to about USD 295.28 billion by 2033 or USD 402.18 billion by 2034.
- For hay and forage equipment, the global market was valued at around USD 9.1 billion in 2024 and USD 12.95 billion in 2024, with another estimate putting it at USD 9.5 billion in 2025. It is projected to reach USD 13.8 billion by 2034.
- The global animal feed processing equipment market was valued at USD 24.76 billion in 2025 and is projected to grow to USD 31.02 billion by 2034. Another report estimated the global feed processing equipment market size at USD 57.21 billion in 2025, expecting it to reach USD 71.34 billion by 2030.
Modular Buildings Segment
This segment includes specialized modular science buildings, complex containment research laboratories, and research facilities.
- The global modular construction market was valued at approximately USD 105.24 billion in 2024 and USD 111.07 billion in 2025, with another report valuing it at USD 171.1 billion in 2025. It is projected to reach USD 180.14 billion by 2032 or USD 207.82 billion by 2033.
- Specifically for the healthcare sector, the modular construction market is forecasted to increase by USD 10.86 billion between 2023 and 2028.
- The global modular pharmaceutical construction market was estimated at USD 2.8 billion in 2025 and USD 2.83 billion in 2026, with projections to reach USD 7.7 billion by 2035.
- The broader prefabricated buildings market was valued at USD 157.3 billion in 2025 and USD 292.31 billion in 2026, and is projected to reach USD 291.6 billion by 2035.
Tools Segment
This segment includes steel cutting tools, standard single point brazed carbide tipped tools, polycrystalline diamond and cubic boron nitride inserts and tools, and OEM specialty tools.
- The global cutting tools market was valued at USD 9.1 billion in 2024, USD 24.23 billion in 2024, and USD 26.11 billion in 2025. It is expected to reach USD 13.26 billion by 2028, USD 16.4 billion by 2034, or USD 44.87 billion by 2034.
- The global carbide tools market was valued at USD 9.89 billion in 2024, USD 12.15 billion in 2025, and USD 12.14 billion in 2025. This market is projected to reach USD 15.93 billion by 2032, USD 17.36 billion by 2032, or USD 22.42 billion by 2034.
- The global PCD (Polycrystalline Diamond) and PCBN (Polycrystalline Cubic Boron Nitride) for cutting tools market was valued at USD 303 million in 2024 and USD 301.65 million in 2024. It is projected to grow to USD 455 million by 2032 or USD 434.28 million by 2031.
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Here are 3-5 expected drivers of future revenue growth for Art's-Way Manufacturing (ARTW) over the next 2-3 years:
- Sustained Growth in the Modular Buildings Segment: Art's-Way Manufacturing anticipates continued strong demand and success in its Modular Buildings segment, particularly within research markets. This segment has shown consistent performance, with increased net sales and improved gross profit margins. The company is actively focusing on moving projects from the engineering phase to signed construction contracts and has appointed a Director of Business Development and Sales to further capitalize on this momentum.
- Improvement in Agricultural Market Conditions: Despite recent headwinds such as below-average commodity prices and high interest rates, management expresses optimism for an improving agricultural market. They expect potential interest rate relief and commodity price increases to drive demand for agricultural products in the near term and into 2026, believing fiscal 2024 represented the bottom of the agricultural cycle.
- Strategic Price Increases for Agricultural Products: Art's-Way Manufacturing plans to implement a 3-5% price increase for its agricultural products. This measure is intended to offset rising costs, which could contribute to revenue growth.
- New Product Development and Integration of Precision Agriculture: The company aims to drive future growth through the development of new products that enhance customer utility. There is also a recognized opportunity and imperative to integrate precision agriculture technologies, such as GPS guidance and variable-rate seeding, into its next generation of specialized agricultural implements to capture a share of this growing market. An investment from Alumni Capital LP is also earmarked to facilitate new product development.
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Share Repurchases
- Art's-Way Manufacturing Co., Inc. has a stock repurchase program in place.
- There was no activity under the company's stock repurchase program during the three and nine months ended October 26, 2025, and October 27, 2024.
Share Issuance
- The company utilizes stock-based compensation incentives for employees and non-employee directors and officers as part of its compensation philosophy.
- At the annual meeting on June 14, 2024, stockholders approved an increase of 233,333 shares of common stock available for issuance under the 2021 Stock Incentive Plan, bringing the total to 312,296 shares.
- Director Thomas E. Buffamante received a grant of 1,000 shares of common stock on November 30, 2025, as part of the director compensation plan. Similarly, Director Randall C. Ramsey and CEO Marc H. McConnell each received 1,000 shares on February 28, 2026, as fully-vested restricted stock grants under the director compensation plan.
Inbound Investments
- On April 4, 2022, Alumni Capital LP made a minority investment of up to $3,000,000 in Art's-Way Manufacturing Co., Inc.
- This investment was intended to support Art's-Way's strategic direction and efforts to acquire capital equipment for improving plant efficiency and product quality.
Capital Expenditures
- Proceeds from the Alumni Capital LP investment in April 2022 were expected to be used for general corporate expenses, working capital, acquisitions of assets, businesses or operations, and specifically for acquiring capital equipment such as a CNC break press, finished goods lift, and high-def plasma to improve plant efficiency and product quality.
- For fiscal year 2026, the company anticipates relying on cash from financing activities to supplement operational cash flows and meet liquidity and capital expenditure needs.
- The company is exploring opportunities to acquire equipment that enhances manufacturing efficiency.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Art's-Way Manufacturing Earnings Notes | 12/16/2025 | |
| Would You Still Hold Art's-Way Manufacturing Stock If It Fell Another 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 132.79 |
| Mkt Cap | 4.5 |
| Rev LTM | 2,258 |
| Op Inc LTM | 350 |
| FCF LTM | 304 |
| FCF 3Y Avg | 297 |
| CFO LTM | 507 |
| CFO 3Y Avg | 466 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.3% |
| Rev Chg 3Y Avg | -2.1% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | -11.1% |
| Op Inc Chg 3Y Avg | -9.1% |
| Op Mgn LTM | 9.7% |
| Op Mgn 3Y Avg | 10.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 10.2% |
| CFO/Rev 3Y Avg | 10.6% |
| FCF/Rev LTM | 7.4% |
| FCF/Rev 3Y Avg | 8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 1.5 |
| P/Op Inc | 15.3 |
| P/EBIT | 14.5 |
| P/E | 14.4 |
| P/CFO | 11.8 |
| Total Yield | 5.5% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.5% |
| 3M Rtn | 0.7% |
| 6M Rtn | 9.9% |
| 12M Rtn | 14.9% |
| 3Y Rtn | 3.5% |
| 1M Excs Rtn | -0.7% |
| 3M Excs Rtn | -8.8% |
| 6M Excs Rtn | 5.0% |
| 12M Excs Rtn | -6.6% |
| 3Y Excs Rtn | -68.4% |
Price Behavior
| Market Price | $2.60 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -43.5% | |
| 50 Days | 200 Days | |
| DMA Price | $2.56 | $2.53 |
| DMA Trend | down | up |
| Distance from DMA | 1.5% | 2.8% |
| 3M | 1YR | |
| Volatility | 52.3% | 75.5% |
| Downside Capture | 90.25 | 190.69 |
| Upside Capture | 111.90 | 188.14 |
| Correlation (SPY) | 23.9% | 20.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.15 | 0.82 | 0.99 | 1.18 | 1.30 | 0.45 |
| Up Beta | 0.39 | 1.73 | 0.88 | 0.62 | 0.39 | 0.35 |
| Down Beta | -1.66 | -2.39 | 0.45 | 0.86 | 0.87 | 0.16 |
| Up Capture | -9% | 100% | 111% | 158% | 257% | 35% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 18 | 24 | 53 | 116 | 328 |
| Down Capture | 137% | -29% | 120% | 148% | 153% | 93% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 32 | 55 | 114 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARTW | |
|---|---|---|---|---|
| ARTW | 48.2% | 75.5% | 0.84 | - |
| Sector ETF (XLI) | 22.8% | 15.5% | 1.13 | 16.8% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 20.5% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 2.6% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -4.7% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | -2.9% |
| Bitcoin (BTCUSD) | -42.0% | 42.5% | -1.16 | 12.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARTW | |
|---|---|---|---|---|
| ARTW | -4.0% | 68.3% | 0.22 | - |
| Sector ETF (XLI) | 12.3% | 17.4% | 0.55 | 9.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 8.2% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 4.1% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 6.8% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 3.0% |
| Bitcoin (BTCUSD) | 11.3% | 54.6% | 0.40 | 3.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARTW | |
|---|---|---|---|---|
| ARTW | -1.2% | 72.8% | 0.29 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 10.9% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 8.1% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 2.9% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 6.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 5.1% |
| Bitcoin (BTCUSD) | 63.3% | 66.9% | 1.03 | 3.4% |
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Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/9/2026 | 0.9% | 16.5% | 13.4% |
| 2/4/2026 | -14.8% | -14.8% | -16.7% |
| 10/8/2025 | 8.1% | 6.3% | -13.0% |
| 7/10/2025 | -5.1% | 19.0% | 82.4% |
| 4/9/2025 | -1.7% | 6.3% | 16.9% |
| 2/11/2025 | -7.5% | -6.5% | -9.7% |
| 10/4/2024 | -3.2% | -9.8% | -11.4% |
| 7/3/2024 | 4.3% | -2.5% | -7.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 10 |
| # Negative | 12 | 14 | 14 |
| Median Positive | 1.9% | 6.7% | 12.7% |
| Median Negative | -3.0% | -5.1% | -10.3% |
| Max Positive | 12.1% | 19.0% | 82.4% |
| Max Negative | -14.8% | -16.3% | -41.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/13/2026 | 10-Q |
| 11/30/2025 | 02/12/2026 | 10-K |
| 08/31/2025 | 10/14/2025 | 10-Q |
| 05/31/2025 | 07/14/2025 | 10-Q |
| 02/28/2025 | 04/10/2025 | 10-Q |
| 11/30/2024 | 02/18/2025 | 10-K |
| 08/31/2024 | 10/10/2024 | 10-Q |
| 05/31/2024 | 07/11/2024 | 10-Q |
| 02/29/2024 | 04/11/2024 | 10-Q |
| 11/30/2023 | 02/28/2024 | 10-K |
| 08/31/2023 | 10/13/2023 | 10-Q |
| 05/31/2023 | 07/13/2023 | 10-Q |
| 02/28/2023 | 04/13/2023 | 10-Q |
| 11/30/2022 | 02/16/2023 | 10-K |
| 08/31/2022 | 10/14/2022 | 10-Q |
| 05/31/2022 | 07/15/2022 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Woods, Michael William | Chief Financial Officer | Direct | Sell | 8082025 | 4.05 | 5,525 | 22,377 | 109,349 | Form |
| 2 | Woods, Michael William | Chief Financial Officer | Direct | Sell | 8082025 | 3.77 | 4,074 | 15,355 | 122,583 | Form |
| 3 | Woods, Michael William | Chief Financial Officer | Direct | Sell | 7312025 | 3.31 | 7,592 | 25,133 | 121,154 | Form |
| 4 | Ramsey, Randall C | Direct | Buy | 4112025 | 1.50 | 6,800 | 10,200 | 101,564 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Agricultural & Farm Machinery Resources |
| Farm Equipment |
| AgEquipment Intelligence |
| Implement & Tractor |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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