Superior Industries International Inc (SUP) Receives Consensus Recommendation of “Hold” from Brokerages

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Superior Industries International Inc (NYSE:SUP) has been assigned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.75.

Several equities research analysts recently commented on the company. ValuEngine raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Zacks Investment Research cut Superior Industries International from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Finally, Barrington Research reissued a “buy” rating and set a $27.00 target price on shares of Superior Industries International in a report on Monday, March 12th.

Shares of NYSE:SUP opened at $19.35 on Tuesday. Superior Industries International has a 12 month low of $12.70 and a 12 month high of $20.95. The company has a market cap of $476.36 million, a P/E ratio of 17.59 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 1.43.

Superior Industries International (NYSE:SUP) last announced its earnings results on Wednesday, May 9th. The auto parts company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.11. Superior Industries International had a return on equity of 10.40% and a net margin of 0.08%. The firm had revenue of $386.40 million for the quarter, compared to analysts’ expectations of $350.22 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up 121.8% compared to the same quarter last year. analysts anticipate that Superior Industries International will post 0.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 19th. Investors of record on Thursday, July 5th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.36 annualized dividend and a yield of 1.86%. Superior Industries International’s payout ratio is 32.73%.

In other Superior Industries International news, SVP Shawn Pallagi purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $137,000.00. Following the completion of the transaction, the senior vice president now owns 24,201 shares in the company, valued at approximately $331,553.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in Superior Industries International by 2.4% in the first quarter. Principal Financial Group Inc. now owns 177,544 shares of the auto parts company’s stock worth $2,361,000 after buying an additional 4,212 shares during the last quarter. OppenheimerFunds Inc. grew its position in Superior Industries International by 13.6% in the fourth quarter. OppenheimerFunds Inc. now owns 39,300 shares of the auto parts company’s stock worth $584,000 after buying an additional 4,706 shares during the last quarter. Aperio Group LLC grew its position in Superior Industries International by 45.9% in the fourth quarter. Aperio Group LLC now owns 16,180 shares of the auto parts company’s stock worth $240,000 after buying an additional 5,090 shares during the last quarter. Geode Capital Management LLC grew its position in Superior Industries International by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 199,088 shares of the auto parts company’s stock worth $2,956,000 after buying an additional 6,359 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in Superior Industries International by 17.6% in the fourth quarter. Pinebridge Investments L.P. now owns 44,796 shares of the auto parts company’s stock worth $665,000 after buying an additional 6,716 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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