Superior Industries International Inc. (SUP) Stock Price Down 4.2%
Superior Industries International Inc. (NYSE:SUP)’s share price fell 4.2% on Thursday . The stock traded as low as $29.78 and last traded at $30.00, with a volume of 107,096 shares changing hands. The stock had previously closed at $31.30.
Several research firms have weighed in on SUP. B. Riley reaffirmed a “neutral” rating and issued a $31.50 target price on shares of Superior Industries International in a research report on Thursday. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Thursday. Sidoti downgraded Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research report on Wednesday, July 13th. Finally, BWS Financial began coverage on Superior Industries International in a research report on Thursday, April 21st. They issued a “buy” rating and a $30.00 target price 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.13.
The company has a 50-day moving average price of $28.01 and a 200 day moving average price of $23.82. The company has a market capitalization of $776.84 million and a price-to-earnings ratio of 19.49.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $182.71 million for the quarter, compared to analyst estimates of $177.19 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, analysts predict that Superior Industries International Inc. will post $1.86 EPS for the current year.
The business also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, June 30th.
In related news, SVP Parveen Kakar sold 6,396 shares of the 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 sale, the senior vice president now owns 17,034 shares of the company’s stock, valued at $445,609.44. The transaction was disclosed in a 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 Superior Industries International Inc. (NYSE:SUP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 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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