Standex International Corp. (NYSE:SXI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $98.00 for the company and are forecasting that the company will post $1.23 earnings per share for the current quarter, according to Zacks. Zacks has also given Standex International Corp. an industry rank of 192 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Standex International Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st.
Shares of Standex International Corp. (NYSE:SXI) traded down 0.21% during trading on Monday, reaching $87.25. 9,355 shares of the company’s stock traded hands. The company has a 50 day moving average price of $87.70 and a 200 day moving average price of $84.88. The stock has a market capitalization of $1.11 billion, a PE ratio of 21.41 and a beta of 1.52. Standex International Corp. has a 1-year low of $65.53 and a 1-year high of $93.29.
Standex International Corp. (NYSE:SXI) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by $0.04. The firm earned $193.80 million during the quarter, compared to analyst estimates of $198.61 million. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. During the same period in the prior year, the firm earned $1.31 earnings per share. On average, equities analysts forecast that Standex International Corp. will post $5.02 EPS for the current fiscal year.
In other news, Director William R. Fenoglio sold 3,000 shares of Standex International Corp. stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $84.25, for a total value of $252,750.00. Following the transaction, the director now directly owns 11,484 shares of the company’s stock, valued at approximately $967,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Fenoglio sold 5,000 shares of Standex International Corp. stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $85.97, for a total value of $429,850.00. Following the completion of the transaction, the director now directly owns 6,484 shares in the company, valued at $557,429.48. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its position in Standex International Corp. by 2.3% in the second quarter. Swiss National Bank now owns 22,500 shares of the company’s stock valued at $1,859,000 after buying an additional 500 shares during the period. Wedge Capital Management L L P NC raised its position in Standex International Corp. by 334.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,917,722 shares of the company’s stock valued at $45,661,000 after buying an additional 1,476,568 shares during the period. Moody Aldrich Partners LLC raised its position in Standex International Corp. by 166.4% in the second quarter. Moody Aldrich Partners LLC now owns 24,495 shares of the company’s stock valued at $2,024,000 after buying an additional 15,300 shares during the period. Capstone Asset Management Co. raised its position in Standex International Corp. by 8.0% in the second quarter. Capstone Asset Management Co. now owns 4,065 shares of the company’s stock valued at $336,000 after buying an additional 300 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Standex International Corp. by 114.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,150 shares of the company’s stock valued at $343,000 after buying an additional 2,218 shares during the period. 88.51% of the stock is currently owned by hedge funds and other institutional investors.
Standex International Corp. Company Profile
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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