California Public Employees Retirement System boosted its stake in Superior Industries International Inc. (NYSE:SUP) by 38.8% during the second quarter, Holdings Channel reports. The firm owned 69,800 shares of the company’s stock after buying an additional 19,500 shares during the period. California Public Employees Retirement System owned about 0.27% of Superior Industries International worth $1,869,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of SUP. James Investment Research Inc. bought a new position in Superior Industries International during the second quarter valued at $649,000. Magnetar Financial LLC bought a new position in Superior Industries International during the first quarter valued at $262,000. Metropolitan Life Insurance Co. NY increased its position in Superior Industries International by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,840 shares of the company’s stock valued at $416,000 after buying an additional 664 shares in the last quarter. HBK Investments L P increased its position in Superior Industries International by 64.5% in the first quarter. HBK Investments L P now owns 70,900 shares of the company’s stock valued at $1,565,000 after buying an additional 27,805 shares in the last quarter. Finally, Aperio Group LLC bought a new position in Superior Industries International during the first quarter valued at $341,000. 81.32% of the stock is currently owned by institutional investors and hedge funds.
Superior Industries International Inc. (NYSE:SUP) traded down 0.557% during midday trading on Friday, reaching $29.445. The company’s stock had a trading volume of 38,435 shares. Superior Industries International Inc. has a 1-year low of $16.35 and a 1-year high of $32.12. The firm has a market cap of $748.34 million, a price-to-earnings ratio of 18.779 and a beta of 0.90. The company has a 50 day moving average price of $29.15 and a 200 day moving average price of $27.11.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $182.71 million for the quarter, compared to analysts’ expectations 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 revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities research analysts expect that Superior Industries International Inc. will post $2.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, October 3rd. Superior Industries International’s dividend payout ratio is currently 45.57%.
SUP has been the topic of several analyst reports. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research 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 research report on Wednesday, July 13th. Seaport Global Securities began coverage on Superior Industries International in a research report on Tuesday, August 9th. They issued a “neutral” rating on the stock. Finally, B. Riley reissued a “neutral” rating and set a $31.50 price target on shares of Superior Industries International in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Superior Industries International presently has a consensus rating of “Buy” and a consensus target price of $32.13.
In other Superior Industries International news, CFO Kerry A. Shiba sold 1,051 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $28.41, for a total transaction of $29,858.91. Following the sale, the chief financial officer now owns 12,988 shares in the company, valued at approximately $368,989.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.46% of the stock is owned by corporate insiders.
Superior Industries International Company Profile
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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