Superior Industries International Inc. (SUP) Sets New 52-Week High at $30.59
Shares of Superior Industries International Inc. (NYSE:SUP) hit 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. The stock had previously closed at $29.48.
SUP has been the subject of several analyst reports. BWS Financial initiated coverage on shares of Superior Industries International in a research note on Thursday, April 14th. They issued a “buy” rating for the company. Sidoti cut shares of Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Wednesday, July 13th. Zacks Investment Research cut shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, B. Riley restated a “neutral” rating and issued a $26.50 target price on shares of Superior Industries International in a research report 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. Superior Industries International currently has a consensus rating of “Hold” and an average price target of $27.38.
The company’s 50-day moving average is $27.66 and its 200 day moving average is $23.52. The stock has a market capitalization of $767.80 million and a P/E ratio of 23.37.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The company earned $186.07 million during the quarter, compared to the consensus estimate of $179.47 million. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, equities analysts predict that Superior Industries International Inc. will post $1.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Thursday, June 30th.
In other news, SVP Parveen Kakar sold 6,396 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were 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 in the company, valued at approximately $445,609.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
A hedge fund recently bought a new stake 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 filing with the SEC. 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 as of its most recent filing with the SEC.
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.