Shares of Superior Industries International Inc. (NYSE:SUP) traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as $27.23 and last traded at $27.51, with a volume of 206,507 shares traded. The stock had previously closed at $29.61.

Several analysts have issued reports on the stock. Sidoti lowered shares of Superior Industries International from a “buy” rating to a “neutral” rating in a research report on Wednesday. B. Riley reaffirmed a “neutral” rating and set a $26.50 price target on shares of Superior Industries International in a research report on Saturday, April 30th. Zacks Investment Research lowered shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, BWS Financial assumed coverage on shares of Superior Industries International in a research report on Thursday, April 21st. They set a “buy” rating and a $30.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.17.

The company has a market cap of $718.51 million and a P/E ratio of 21.87. The firm’s 50-day moving average is $27.25 and its 200 day moving average is $22.93.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $186.07 million for the quarter, compared to analyst estimates of $179.47 million. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. On average, equities research analysts predict that Superior Industries International Inc. will post $1.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.55%. 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 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 owns 17,034 shares of the company’s stock, valued at approximately $445,609.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

A number of hedge funds have bought and sold shares of the stock. Gabelli Funds LLC increased 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 valued at $12,559,000 after buying an additional 2,000 shares during the last quarter. Seizert Capital Partners LLC increased 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 valued at $3,570,000 after buying an additional 12,761 shares during the last quarter. Morgan Stanley increased 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 valued at $2,029,000 after buying an additional 4,900 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Superior Industries International during the fourth quarter valued at 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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