Standex International Corporation (SXI) Receives Buy Rating from FBR & Co
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Standex International Corporation from a hold rating to a buy rating and set a $102.00 price target on the stock in a research note on Wednesday, July 5th. BidaskClub raised shares of Standex International Corporation from a strong sell rating to a sell rating in a research report on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $108.50.
Standex International Corporation (NYSE SXI) opened at 108.80 on Monday. The firm has a market capitalization of $1.39 billion, a PE ratio of 29.83 and a beta of 1.56. The company’s 50-day moving average is $97.97 and its 200 day moving average is $93.59. Standex International Corporation has a 1-year low of $74.35 and a 1-year high of $109.30.
Standex International Corporation (NYSE:SXI) last released its quarterly earnings data on Monday, August 28th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.11. Standex International Corporation had a return on equity of 14.76% and a net margin of 6.08%. The company had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $210.05 million. During the same period last year, the firm posted $1.31 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts expect that Standex International Corporation will post $5.07 EPS for the current fiscal year.
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In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total value of $189,280.00. Following the transaction, the director now directly owns 9,915 shares of the company’s stock, valued at approximately $938,355.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Ameritas Investment Partners Inc. bought a new position in Standex International Corporation during the 1st quarter worth $110,000. Pinebridge Investments L.P. lifted its holdings in shares of Standex International Corporation by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock worth $152,000 after buying an additional 17 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Standex International Corporation by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock worth $208,000 after buying an additional 45 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Standex International Corporation by 9.5% during the second quarter. Diversified Trust Co now owns 2,300 shares of the industrial products company’s stock worth $209,000 after buying an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Standex International Corporation by 78.2% during the second quarter. State of Alaska Department of Revenue now owns 2,513 shares of the industrial products company’s stock worth $227,000 after buying an additional 1,103 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.
About Standex International Corporation
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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