Standard Motor Products, Inc. (NYSE:SMP – Get Free Report) EVP Dale Burks sold 5,798 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $39.00, for a total value of $226,122.00. Following the completion of the transaction, the executive vice president owned 47,657 shares of the company’s stock, valued at $1,858,623. The trade was a 10.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Dale Burks also recently made the following trade(s):
- On Tuesday, August 18th, Dale Burks sold 3,500 shares of Standard Motor Products stock. The shares were sold at an average price of $38.76, for a total value of $135,660.00.
- On Friday, August 14th, Dale Burks sold 9,051 shares of Standard Motor Products stock. The stock was sold at an average price of $38.71, for a total transaction of $350,364.21.
Standard Motor Products Price Performance
Shares of NYSE:SMP traded down $0.48 on Thursday, reaching $38.17. 105,447 shares of the company were exchanged, compared to its average volume of 131,769. The company has a current ratio of 2.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.73. Standard Motor Products, Inc. has a 1-year low of $34.27 and a 1-year high of $46.00. The firm has a market cap of $852.72 million, a price-to-earnings ratio of 17.04 and a beta of 0.82. The company has a 50-day moving average of $38.86 and a 200-day moving average of $38.84.
Standard Motor Products Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 14th. Standard Motor Products’s dividend payout ratio is presently 58.93%.
Hedge Funds Weigh In On Standard Motor Products
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Standard Motor Products during the second quarter valued at $158,258,000. Dimensional Fund Advisors LP raised its stake in Standard Motor Products by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,386,382 shares of the auto parts company’s stock valued at $51,089,000 after purchasing an additional 4,927 shares during the last quarter. Royce & Associates LP lifted its holdings in Standard Motor Products by 3.4% in the 4th quarter. Royce & Associates LP now owns 1,101,199 shares of the auto parts company’s stock valued at $40,579,000 after purchasing an additional 36,688 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Standard Motor Products by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 996,928 shares of the auto parts company’s stock valued at $34,633,000 after purchasing an additional 16,664 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Standard Motor Products by 0.6% during the 4th quarter. State Street Corp now owns 826,471 shares of the auto parts company’s stock worth $30,455,000 after purchasing an additional 5,319 shares during the last quarter. 81.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SMP has been the subject of a number of research reports. Zacks Research downgraded shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings raised Standard Motor Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Standard Motor Products presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.
Check Out Our Latest Stock Analysis on Standard Motor Products
Standard Motor Products Company Profile
Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.
The company operates through two primary segments: Engine Management and Temperature Control.
Featured Articles
- Five stocks we like better than Standard Motor Products
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Standard Motor Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products and related companies with MarketBeat.com's FREE daily email newsletter.
