Shares of Superior Industries International Inc. (NYSE:SUP) have received a consensus rating of “Buy” from the seven research firms that are covering the company. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.13.
A number of research firms have weighed in on SUP. B. Riley reaffirmed a “neutral” rating and set a $31.50 price objective on shares of Superior Industries International in a report on Thursday, July 28th. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Thursday, July 28th. Sidoti downgraded Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 13th. Finally, Seaport Global Securities began coverage on Superior Industries International in a report on Tuesday, August 9th. They set a “neutral” rating on the stock.
In related news, CFO Kerry A. Shiba sold 1,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $28.41, for a total value of $29,858.91. Following the completion of the transaction, the chief financial officer now owns 12,988 shares in the company, valued at approximately $368,989.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.46% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SUP. Mason Street Advisors LLC bought a new position in Superior Industries International during the second quarter valued at $117,000. Acadian Asset Management LLC bought a new position in Superior Industries International during the second quarter valued at $140,000. JPMorgan Chase & Co. boosted its position in Superior Industries International by 4,122.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the company’s stock valued at $184,000 after buying an additional 6,720 shares during the period. BNP Paribas Arbitrage SA boosted its position in Superior Industries International by 118.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,090 shares of the company’s stock valued at $190,000 after buying an additional 3,837 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in Superior Industries International during the first quarter valued at $192,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.
Shares of Superior Industries International (NYSE:SUP) opened at 29.45 on Monday. The company has a market capitalization of $748.47 million, a price-to-earnings ratio of 18.78 and a beta of 0.94. The stock’s 50 day moving average price is $29.11 and its 200 day moving average price is $26.66. Superior Industries International has a 1-year low of $16.35 and a 1-year high of $32.12.
Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share 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 the consensus estimate of $177.19 million. Superior Industries International had a return on equity of 10.38% and a net margin of 5.51%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts expect that Superior Industries International will post $2.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, October 3rd. Superior Industries International’s payout ratio is currently 45.57%.
About Superior Industries International
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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