Superior Industries International Inc. (SUP) Sets New 1-Year High at $27.98
Superior Industries International Inc. (NYSE:SUP) shares hit a new 52-week high on Friday . The stock traded as high as $27.98 and last traded at $27.91, with a volume of 96,683 shares. The stock had previously closed at $27.55.
Several research analysts have weighed in on the stock. BWS Financial assumed coverage on shares of Superior Industries International in a report on Thursday, April 21st. They set a “buy” rating and a $30.00 price objective for the company. B. Riley reissued a “neutral” rating and set a $25.50 price objective on shares of Superior Industries International in a report on Sunday, March 13th. Finally, Zacks Investment Research lowered shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.17.
The company has a market capitalization of $708.35 million and a P/E ratio of 21.56. The firm has a 50-day moving average of $26.90 and a 200 day moving average of $22.60.
Superior Industries International (NYSE:SUP) last posted its earnings results on Wednesday, April 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.27. The business earned $186.07 million during the quarter, compared to analyst estimates of $179.47 million. During the same quarter last year, the firm earned $0.16 earnings per share. Superior Industries International’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Superior Industries International Inc. will post $1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, June 30th.
In other Superior Industries International news, SVP Parveen Kakar sold 6,396 shares of Superior Industries International stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $26.16, for a total value of $167,319.36. Following the completion of the sale, the senior vice president now directly owns 17,034 shares in the company, valued at $445,609.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds have bought and sold shares of SUP. Gabelli Funds LLC boosted its stake in Superior Industries International by 0.3% in the fourth quarter. Gabelli Funds LLC now owns 681,800 shares of the company’s stock worth $12,559,000 after buying an additional 2,000 shares during the period. Morgan Stanley boosted its stake in Superior Industries International by 4.7% in the fourth quarter. Morgan Stanley now owns 110,192 shares of the company’s stock worth $2,029,000 after buying an additional 4,900 shares during the period. Seizert Capital Partners LLC boosted its stake in Superior Industries International by 7.0% in the fourth quarter. Seizert Capital Partners LLC now owns 193,810 shares of the company’s stock worth $3,570,000 after buying an additional 12,761 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in Superior Industries International during the fourth quarter worth about $1,244,000.
Superior Industries International, Inc is engaged in designing and manufacturing aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. Its supplies cast aluminum wheels. The Company offers its products to the automobile and light truck manufacturers.
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