Superior Industries International Inc. (SUP) Shares Down 4.2%
Shares of Superior Industries International Inc. (NYSE:SUP) fell 4.2% during trading on Thursday . The company 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.
SUP has been the subject of several research reports. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Thursday. B. Riley reissued a “neutral” rating and set a $31.50 price objective on shares of Superior Industries International in a report on Thursday. Sidoti lowered Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Wednesday, July 13th. Finally, BWS Financial initiated coverage on Superior Industries International in a report on Thursday, April 21st. They set a “buy” rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.13.
The company has a market capitalization of $766.28 million and a PE ratio of 23.33. The company has a 50-day moving average price of $27.93 and a 200-day moving average price of $23.73.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company earned $182.71 million during the quarter, compared to the consensus estimate of $177.19 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Superior Industries International Inc. will post $1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.39%.
In other news, SVP Parveen Kakar sold 6,396 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $26.16, for a total value of $167,319.36. Following the sale, the senior vice president now directly owns 17,034 shares of the company’s stock, valued at approximately $445,609.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
An institutional investor recently bought a new position in Superior Industries International stock. Systematic Financial Management LP acquired a new position in Superior Industries International Inc. (NYSE:SUP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 67,570 shares of the company’s stock, valued at approximately $1,244,000. Systematic Financial Management LP owned approximately 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.
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