Standex International (NYSE:SXI) Hits New 1-Year High – What’s Next?

Standex International Corporation (NYSE:SXI) shares hit a new 52-week high during trading on Monday . The stock traded as high as $312.50 and last traded at $312.7960, with a volume of 3307 shares. The stock had previously closed at $303.16.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SXI. Barrington Research reissued an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. DA Davidson reaffirmed a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Standex International currently has an average rating of “Moderate Buy” and an average price target of $289.67.

Standex International Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The stock’s fifty day moving average is $272.63 and its two-hundred day moving average is $255.50. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 4.01 and a beta of 1.08.

Standex International (NYSE:SXI) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. During the same period last year, the business earned $1.95 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, analysts expect that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in shares of Standex International by 538.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock valued at $12,069,000 after purchasing an additional 46,838 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Standex International in the 3rd quarter worth approximately $1,177,000. Anchor Capital Management Company LLC lifted its stake in shares of Standex International by 43.9% in the 3rd quarter. Anchor Capital Management Company LLC now owns 98,394 shares of the industrial products company’s stock worth $20,850,000 after acquiring an additional 29,998 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Standex International in the 3rd quarter worth approximately $17,766,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Standex International in the third quarter valued at approximately $19,763,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.