Superior Industries International Inc. (SUP) Sets New 1-Year High at $27.98
Superior Industries International Inc. (NYSE:SUP)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $27.98 and last traded at $27.91, with a volume of 96,683 shares traded. The stock had previously closed at $27.55.
A number of research firms have recently commented on SUP. B. Riley restated a “neutral” rating and issued a $26.50 price objective on shares of Superior Industries International in a report on Saturday, April 30th. Zacks Investment Research downgraded Superior Industries International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, BWS Financial began coverage on Superior Industries International in a report on Thursday, April 21st. They issued a “buy” rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.17.
The company has a market capitalization of $712.41 million and a price-to-earnings ratio of 21.69. The stock’s 50 day moving average price is $26.98 and its 200-day moving average price is $22.67.
Superior Industries International (NYSE:SUP) last issued its earnings results on Wednesday, April 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.27. The company earned $186.07 million during the quarter, compared to analyst estimates of $179.47 million. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Equities research analysts expect that Superior Industries International Inc. will post $1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 30th.
In related news, SVP Parveen Kakar sold 6,396 shares of Superior Industries International stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $26.16, for a total value of $167,319.36. Following the transaction, the senior vice president now directly owns 17,034 shares in the company, valued at approximately $445,609.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several hedge funds and institutional investors have modified their holdings of SUP. Systematic Financial Management LP acquired a new position in shares of Superior Industries International during the fourth quarter worth $1,244,000. Morgan Stanley increased its position in shares of 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 in the last quarter. Seizert Capital Partners LLC increased its position in shares of 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 in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of 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 in the last quarter.
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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