Superior Industries International (SUP) Now Covered by Barrington Research
Barrington Research started coverage on shares of Superior Industries International (NYSE:SUP) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $27.00 price target on the auto parts company’s stock.
A number of other brokerages have also commented on SUP. B. Riley reaffirmed a buy rating on shares of Superior Industries International in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Superior Industries International from a hold rating to a strong sell rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $23.75.
Superior Industries International (SUP) traded down $0.60 during trading on Tuesday, reaching $16.10. 142,716 shares of the company were exchanged, compared to its average volume of 170,886. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.36 and a quick ratio of 1.34. Superior Industries International has a 12 month low of $13.95 and a 12 month high of $27.39. The stock has a market cap of $415.95, a price-to-earnings ratio of -80.50 and a beta of 0.79.
Superior Industries International (NYSE:SUP) last issued its earnings results 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). The company had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The business’s revenue was up 88.7% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. equities analysts predict that Superior Industries International will post 0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, January 4th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.36 annualized dividend and a yield of 2.24%. Superior Industries International’s dividend payout ratio (DPR) is -180.00%.
In other Superior Industries International news, Director Michael Bruynesteyn bought 2,000 shares of Superior Industries International stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $16.00 per share, with a total value of $32,000.00. Following the completion of the acquisition, the director now directly owns 7,946 shares in the company, valued at approximately $127,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SUP. Teachers Advisors LLC increased its stake in Superior Industries International by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock worth $871,000 after buying an additional 211 shares during the period. Goldman Sachs Group Inc. increased its stake in Superior Industries International by 15.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 242,172 shares of the auto parts company’s stock worth $4,976,000 after buying an additional 32,655 shares during the period. South Dakota Investment Council increased its stake in Superior Industries International by 33.9% during the 3rd quarter. South Dakota Investment Council now owns 134,752 shares of the auto parts company’s stock worth $2,244,000 after buying an additional 34,120 shares during the period. QS Investors LLC increased its stake in Superior Industries International by 15.5% during the 2nd quarter. QS Investors LLC now owns 65,272 shares of the auto parts company’s stock worth $1,341,000 after buying an additional 8,736 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Superior Industries International during the 3rd quarter worth approximately $498,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.
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About Superior Industries International
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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