Superior Industries International Inc. (NYSE:SUP) has earned an average rating of “Buy” from the seven analysts that are currently covering the company. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.13.
Several research analysts have recently issued reports on the company. B. Riley reissued a “neutral” rating and issued a $31.50 price target on shares of Superior Industries International in a research note on Thursday, July 28th. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Thursday, July 28th. Sidoti cut Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Wednesday, July 13th. Finally, Seaport Global Securities assumed coverage on Superior Industries International in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company.
Superior Industries International (NYSE:SUP) traded up 0.07% during mid-day trading on Friday, reaching $27.35. The company had a trading volume of 38,145 shares. The firm has a market capitalization of $695.10 million, a P/E ratio of 17.44 and a beta of 0.90. Superior Industries International has a 12 month low of $16.35 and a 12 month high of $32.12. The stock’s 50-day moving average is $29.10 and its 200 day moving average is $27.52.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Superior Industries International had a return on equity of 10.38% and a net margin of 5.51%. The company earned $182.71 million during the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that Superior Industries International will post $2.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. Superior Industries International’s dividend payout ratio (DPR) is 45.57%.
In other news, CFO Kerry A. Shiba sold 1,051 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $28.41, for a total value of $29,858.91. Following the completion of the sale, the chief financial officer now owns 12,988 shares in the company, valued at $368,989.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. 15.46% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. purchased a new stake in shares of Superior Industries International during the third quarter valued at $113,000. Mason Street Advisors LLC purchased a new stake in shares of Superior Industries International during the second quarter valued at $117,000. Acadian Asset Management LLC purchased a new stake in shares of Superior Industries International during the second quarter valued at $140,000. JPMorgan Chase & Co. raised its stake in shares of Superior Industries International by 4,122.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the company’s stock valued at $184,000 after buying an additional 6,720 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Superior Industries International by 118.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,090 shares of the company’s stock valued at $190,000 after buying an additional 3,837 shares during the period. Institutional investors and hedge funds own 81.31% 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.