Shares of Superior Industries International Inc (NYSE:SUP) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.75.
A number of brokerages have issued reports on SUP. ValuEngine downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Superior Industries International in a research report on Monday, March 12th.
Shares of NYSE:SUP traded up $0.10 during midday trading on Thursday, hitting $14.50. 161,508 shares of the company’s stock were exchanged, compared to its average volume of 190,441. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.14 and a quick ratio of 1.25. The company has a market cap of $358.67, a PE ratio of 13.09 and a beta of 1.15. Superior Industries International has a 12 month low of $12.70 and a 12 month high of $24.85.
Superior Industries International (NYSE:SUP) last posted its earnings results on Thursday, March 15th. The auto parts company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.24 by $0.14. The company had revenue of $361.80 million during the quarter, compared to the consensus estimate of $362.13 million. Superior Industries International had a negative net margin of 0.56% and a positive return on equity of 9.79%. The firm’s revenue for the quarter was up 92.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. equities research analysts expect that Superior Industries International will post 0.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, April 4th. Superior Industries International’s payout ratio is 32.73%.
In other news, SVP Shawn Pallagi acquired 10,000 shares of Superior Industries International stock in a transaction on Thursday, March 29th. The stock was acquired at an average cost of $13.70 per share, with a total value of $137,000.00. Following the transaction, the senior vice president now owns 24,201 shares of the company’s stock, valued at approximately $331,553.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of SUP. ArrowMark Colorado Holdings LLC boosted its stake in Superior Industries International by 307.1% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 285,000 shares of the auto parts company’s stock valued at $4,232,000 after acquiring an additional 215,000 shares during the last quarter. Millennium Management LLC boosted its stake in Superior Industries International by 106.6% in the fourth quarter. Millennium Management LLC now owns 255,815 shares of the auto parts company’s stock valued at $3,799,000 after acquiring an additional 132,008 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Superior Industries International by 16.6% in the fourth quarter. Chartwell Investment Partners LLC now owns 828,520 shares of the auto parts company’s stock valued at $12,304,000 after acquiring an additional 118,225 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Superior Industries International by 279.8% in the fourth quarter. Guggenheim Capital LLC now owns 160,435 shares of the auto parts company’s stock valued at $2,380,000 after acquiring an additional 118,197 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Superior Industries International by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,080,792 shares of the auto parts company’s stock valued at $45,750,000 after acquiring an additional 73,413 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.
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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.
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