Superior Industries International Inc. (SUP) Shares Down 7.1%
Superior Industries International Inc. (NYSE:SUP) was down 7.1% during trading on Wednesday . The stock traded as low as $27.23 and last traded at $27.51, with a volume of 206,507 shares. The stock had previously closed at $29.61.
Several equities research analysts have commented on SUP shares. BWS Financial started coverage on Superior Industries International in a report on Thursday, April 14th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Superior Industries International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti downgraded Superior Industries International from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, B. Riley reissued a “neutral” rating and issued a $26.50 target price on shares of Superior Industries International in a report on Saturday, April 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.17.
The firm has a market capitalization of $706.57 million and a PE ratio of 21.51. The firm has a 50-day moving average of $27.17 and a 200-day moving average of $22.86.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. The business earned $186.07 million during the quarter, compared to analysts’ expectations of $179.47 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, 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 will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, June 30th. This represents a $0.72 annualized dividend and a yield of 2.59%.
In other Superior Industries International news, SVP Parveen Kakar sold 6,396 shares of the firm’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 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 at the SEC website.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP purchased a new position in Superior Industries International during the fourth quarter valued at approximately $1,244,000. Seizert Capital Partners LLC increased its position 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 position 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, Gabelli Funds LLC increased its position 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.
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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