Superior Industries International, Inc. (SUP) Plans Quarterly Dividend of $0.09
Superior Industries International, Inc. (NYSE:SUP) declared a quarterly dividend on Wednesday, September 6th, RTT News reports. Investors of record on Thursday, October 5th will be paid a dividend of 0.09 per share by the auto parts company on Thursday, October 19th. This represents a $0.36 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, October 4th.
Superior Industries International has raised its dividend payment by an average of 230.2% per year over the last three years. Superior Industries International has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Industries International to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 17.1%.
Superior Industries International (SUP) opened at 14.80 on Thursday. The stock has a market cap of $368.58 million, a PE ratio of 55.64 and a beta of 0.72. The company’s 50 day moving average is $16.77 and its 200 day moving average is $20.60. Superior Industries International has a 12 month low of $14.00 and a 12 month high of $30.50.
Superior Industries International (NYSE:SUP) last posted its earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.11. The business had revenue of $240.60 million for the quarter, compared to analysts’ expectations of $190.98 million. Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. On average, analysts anticipate that Superior Industries International will post $1.45 EPS for the current fiscal year.
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SUP has been the topic of a number of research reports. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and set a $31.00 target price on shares of Superior Industries International in a research report on Tuesday, July 18th. ValuEngine downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet downgraded shares of Superior Industries International from a “b-” rating to a “c+” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.67.
In other news, Director Jack A. Hockema purchased 20,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of $16.38 per share, for a total transaction of $327,600.00. Following the acquisition, the director now owns 6,915 shares of the company’s stock, valued at $113,267.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Shawn Pallagi purchased 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the acquisition, the senior vice president now directly owns 10,952 shares in the company, valued at approximately $160,337.28. The disclosure for this purchase can be found here. Insiders bought a total of 76,596 shares of company stock worth $1,161,839 over the last 90 days. Company insiders own 1.50% 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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