Superior Industries International Inc. (SUP) Trading Up 1.6%
Superior Industries International Inc. (NYSE:SUP)’s share price was up 1.6% on Monday . The stock traded as high as $29.63 and last traded at $29.59, with a volume of 80,822 shares changing hands. The stock had previously closed at $29.11.
Several equities research analysts have commented on SUP shares. BWS Financial started coverage on shares of Superior Industries International in a report on Thursday, April 14th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti downgraded shares of Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 13th. Finally, B. Riley reaffirmed a “neutral” rating and set a $26.50 price objective on shares of Superior Industries International in a report on Saturday, April 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.38.
The stock has a 50 day moving average price of $27.59 and a 200 day moving average price of $23.35. The stock has a market cap of $749.00 million and a PE ratio of 22.80.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.27. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm earned $186.07 million during the quarter, compared to analyst estimates of $179.47 million. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Superior Industries International Inc. will post $1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.72 annualized dividend and a yield of 2.44%.
In related news, SVP Parveen Kakar sold 6,396 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $26.16, for a total transaction of $167,319.36. Following the completion of the transaction, the senior vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently bought a new position in Superior Industries International stock. Systematic Financial Management LP purchased a new position in Superior Industries International Inc. (NYSE:SUP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,570 shares of the company’s stock, valued at approximately $1,244,000. Systematic Financial Management LP owned 0.26% of Superior Industries International as of its most recent SEC filing.
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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