Superior Industries International Inc. (SUP) Stock Rating Reaffirmed by B. Riley
Superior Industries International Inc. (NYSE:SUP)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley in a research report issued to clients and investors on Tuesday. They presently have a $31.50 price target on the stock. B. Riley’s price target would suggest a potential upside of 7.33% from the stock’s previous close.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. BWS Financial assumed coverage on shares of Superior Industries International in a research report on Thursday, April 21st. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Sidoti lowered shares of 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. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.13.
Shares of Superior Industries International (NYSE:SUP) opened at 29.35 on Tuesday. The stock has a 50 day moving average of $29.30 and a 200-day moving average of $26.03. The firm has a market capitalization of $745.93 million, a PE ratio of 18.72 and a beta of 0.94. Superior Industries International has a 12 month low of $16.35 and a 12 month high of $32.12.
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Superior Industries International (NYSE:SUP) last announced its earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, beating 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 net margin of 5.51% and a return on equity of 10.38%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. On average, equities research analysts anticipate that Superior Industries International will post $2.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.45%. Superior Industries International’s payout ratio is currently 45.57%.
In other Superior Industries International news, CFO Kerry A. Shiba sold 1,051 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $28.41, for a total transaction of $29,858.91. Following the sale, the chief financial officer now directly owns 12,988 shares in the company, valued at approximately $368,989.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.46% of the company’s stock.
Other large investors recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Superior Industries International by 2.6% in the first quarter. Arizona State Retirement System now owns 11,868 shares of the company’s stock valued at $262,000 after buying an additional 300 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake 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. Ariel Investments LLC raised its stake in Superior Industries International by 0.5% in the fourth quarter. Ariel Investments LLC now owns 129,300 shares of the company’s stock valued at $2,382,000 after buying an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Superior Industries International by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 70,195 shares of the company’s stock valued at $1,293,000 after buying an additional 1,837 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Superior Industries International by 0.3% in the fourth quarter. Gabelli Funds LLC now owns 681,800 shares of the company’s stock valued at $12,559,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 83.70% of the company’s stock.
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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