Superior Industries International Inc. (SUP) Reaches New 12-Month High at $30.59
Superior Industries International Inc. (NYSE:SUP) shares reached a new 52-week high on Tuesday . The stock traded as high as $30.59 and last traded at $30.47, with a volume of 116,871 shares traded. The stock had previously closed at $29.48.
Several research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $31.50 price target on shares of Superior Industries International in a research report on Thursday. Zacks Investment Research upgraded shares of Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research report on Thursday. Sidoti downgraded shares of Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research report on Wednesday, July 13th. 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 for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.13.
The firm has a market capitalization of $762.21 million and a P/E ratio of 23.20. The stock’s 50 day moving average is $27.86 and its 200 day moving average is $23.68.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The business had revenue of $182.71 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same period in the previous year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that Superior Industries International Inc. will post $1.81 earnings per share for the current year.
The company also recently announced 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 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, June 30th.
In other news, SVP Parveen Kakar sold 6,396 shares of Superior Industries International stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $26.16, for a total value of $167,319.36. Following the sale, the senior vice president now owns 17,034 shares of the company’s stock, valued at $445,609.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
An institutional investor recently bought a new position in Superior Industries International stock. Systematic Financial Management LP bought a new stake in shares of Superior Industries International Inc. (NYSE:SUP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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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