Superior Industries International, Inc. (SUP) Price Target Cut to $25.00 by Analysts at FBR & Co

Superior Industries International, Inc. (NYSE:SUP) had its price target decreased by FBR & Co from $31.00 to $25.00 in a research note issued to investors on Tuesday. FBR & Co currently has an outperform rating on the auto parts company’s stock.

Several other equities research analysts have also commented on the stock. B. Riley restated a buy rating and issued a $31.00 price target on shares of Superior Industries International in a research note on Sunday, April 30th. TheStreet lowered shares of Superior Industries International from a b- rating to a c+ rating in a research note on Tuesday, June 6th. ValuEngine lowered shares of Superior Industries International from a buy rating to a hold rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Superior Industries International from a sell rating to a hold rating in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Superior Industries International from a sell rating to a hold rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $28.00.

Superior Industries International (NYSE SUP) traded up 4.21% during midday trading on Tuesday, reaching $16.10. The company’s stock had a trading volume of 310,333 shares. The firm’s 50-day moving average price is $19.31 and its 200-day moving average price is $21.69. Superior Industries International has a 52 week low of $15.08 and a 52 week high of $30.50. The stock has a market capitalization of $400.95 million, a PE ratio of 60.53 and a beta of 0.66.

Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Friday, August 4th. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.11. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $190.98 million. Superior Industries International had a return on equity of 9.54% and a net margin of 1.23%. Superior Industries International’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, analysts anticipate that Superior Industries International will post $1.90 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 2.24%. Superior Industries International’s payout ratio is currently 144.00%.

In other news, Director Jack A. Hockema purchased 20,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were bought at an average price of $16.38 per share, for a total transaction of $327,600.00. Following the completion of the purchase, the director now owns 6,915 shares of the company’s stock, valued at $113,267.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in SUP. B. Riley Financial Inc. raised its position in Superior Industries International by 44.2% in the second quarter. B. Riley Financial Inc. now owns 31,491 shares of the auto parts company’s stock worth $647,000 after buying an additional 9,652 shares in the last quarter. Citadel Advisors LLC raised its position in Superior Industries International by 43.3% in the second quarter. Citadel Advisors LLC now owns 151,810 shares of the auto parts company’s stock worth $3,119,000 after buying an additional 45,850 shares in the last quarter. Hancock Holding Co. raised its position in Superior Industries International by 18.6% in the second quarter. Hancock Holding Co. now owns 55,167 shares of the auto parts company’s stock worth $1,134,000 after buying an additional 8,671 shares in the last quarter. M&T Bank Corp raised its position in Superior Industries International by 0.5% in the second quarter. M&T Bank Corp now owns 17,128 shares of the auto parts company’s stock worth $352,000 after buying an additional 77 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Superior Industries International by 11.0% in the second quarter. California Public Employees Retirement System now owns 36,300 shares of the auto parts company’s stock worth $746,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 84.77% of the company’s stock.

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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