BidaskClub upgraded shares of Superior Industries International, Inc. (NYSE:SUP) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other research analysts also recently weighed in on SUP. ValuEngine downgraded shares of Superior Industries International from a buy rating to a hold rating in a research report on Friday, June 2nd. FBR & Co reiterated an outperform rating and issued a $31.00 price objective on shares of Superior Industries International in a research report on Tuesday, July 18th. TheStreet downgraded shares of Superior Industries International from a b- rating to a c+ rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Superior Industries International from a sell rating to a hold rating in a research report on Tuesday, July 4th. Finally, B. Riley reiterated a buy rating and issued a $31.00 price objective on shares of Superior Industries International in a research report on Sunday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $31.00.

Superior Industries International (NYSE SUP) opened at 17.05 on Friday. The company has a 50-day moving average price of $19.86 and a 200-day moving average price of $22.04. Superior Industries International has a one year low of $16.50 and a one year high of $30.50. The company has a market capitalization of $424.66 million, a PE ratio of 14.42 and a beta of 0.66.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.48 by $0.11. Superior Industries International had a net margin of 1.23% and a return on equity of 10.44%. The business had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $190.98 million. During the same period in the previous year, the company posted $0.52 earnings per share. Superior Industries International’s revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts expect that Superior Industries International will post $1.83 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were given a $0.09 dividend. The ex-dividend date was Friday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.11%. Superior Industries International’s dividend payout ratio (DPR) is currently 144.00%.

Several hedge funds and other institutional investors have recently modified their holdings of SUP. State Street Corp increased its position in shares of Superior Industries International by 14.9% in the fourth quarter. State Street Corp now owns 589,927 shares of the auto parts company’s stock worth $15,543,000 after buying an additional 76,497 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Superior Industries International by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,380 shares of the auto parts company’s stock worth $326,000 after buying an additional 670 shares during the period. Norges Bank purchased a new position in shares of Superior Industries International during the fourth quarter worth $6,228,000. Teachers Advisors LLC increased its position in shares of Superior Industries International by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 41,103 shares of the auto parts company’s stock worth $1,083,000 after buying an additional 1,076 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of Superior Industries International during the fourth quarter worth $573,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

About Superior Industries International

Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.

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