Superior Industries International Inc (NYSE:SUP) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.75.
A number of brokerages have commented on SUP. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Barrington Research began coverage on shares of Superior Industries International in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, B. Riley reissued a “buy” rating and issued a $25.00 price objective on shares of Superior Industries International in a research report on Monday, November 13th.
In related news, Director Michael Bruynesteyn bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of $16.00 per share, with a total value of $32,000.00. Following the transaction, the director now directly owns 7,946 shares of the company’s stock, valued at approximately $127,136. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 69 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Superior Industries International by 51.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after purchasing an additional 3,094 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Superior Industries International during the 3rd quarter worth $155,000. Louisiana State Employees Retirement System purchased a new position in Superior Industries International during the 4th quarter worth $149,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Superior Industries International during the 3rd quarter worth $186,000. 84.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Superior Industries International (SUP) opened at $17.45 on Friday. Superior Industries International has a 52-week low of $13.95 and a 52-week high of $27.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.36 and a quick ratio of 1.34. The company has a market cap of $434.64, a P/E ratio of -87.25 and a beta of 0.79.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The firm had revenue of $331.40 million during the quarter, compared to analysts’ expectations of $316.20 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 88.7% on a year-over-year basis. equities research analysts anticipate that Superior Industries International will post 0.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Thursday, January 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, January 3rd. Superior Industries International’s dividend payout ratio (DPR) is -180.00%.
Superior Industries International Company Profile
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.
Receive News & Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related companies with MarketBeat.com's FREE daily email newsletter.