Superior Industries International Inc. (SUP) Trading Up 1.6%
Superior Industries International Inc. (NYSE:SUP)’s share price was up 1.6% during mid-day trading on Monday . The company traded as high as $29.63 and last traded at $29.59, with a volume of 80,822 shares. The stock had previously closed at $29.11.
A number of equities analysts have recently issued reports on SUP shares. BWS Financial started coverage on Superior Industries International in a research report on Thursday, April 14th. They set a “buy” rating for the company. Sidoti cut Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research note on Wednesday, July 13th. Zacks Investment Research cut Superior Industries International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, B. Riley reaffirmed a “neutral” rating and set a $26.50 target price on shares of Superior Industries International in a research note on Saturday, April 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.38.
The stock has a market capitalization of $789.65 million and a PE ratio of 24.04. The company’s 50 day moving average price is $27.75 and its 200 day moving average price is $23.62.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm earned $182.71 million during the quarter, compared to analysts’ expectations of $177.19 million. Superior Industries International’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities analysts expect that Superior Industries International Inc. will post $1.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, June 30th.
In other news, SVP Parveen Kakar sold 6,396 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $26.16, for a total value of $167,319.36. Following the completion of the transaction, the senior vice president now directly owns 17,034 shares in the company, valued at approximately $445,609.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently bought a new position in Superior Industries International stock. Systematic Financial Management LP bought a new position in shares of Superior Industries International Inc. (NYSE:SUP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 67,570 shares of the company’s stock, valued at approximately $1,244,000. Systematic Financial Management LP owned about 0.26% of Superior Industries International at the end of the most recent reporting period.
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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