Insider Selling: Steven Borick Sells 6,570 Shares of Superior Industries International Stock (SUP)
Superior Industries International (NYSE:SUP) CEO Steven Borick unloaded 6,570 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.72, for a total transaction of $122,990.40. Following the completion of the sale, the chief executive officer now directly owns 250,932 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Superior Industries International (NYSE:SUP) in a research note to investors on Tuesday, August 20th. They now have a $18.00 price target on the stock.
Shares of Superior Industries International (NYSE:SUP) traded down 0.76% during mid-day trading on Tuesday, hitting $18.18. The stock had a trading volume of 75,446 shares. Superior Industries International has a 52 week low of $16.51 and a 52 week high of $22.09. The stock’s 50-day moving average is $18.00 and its 200-day moving average is $18.14. The company has a market cap of $498.7 million and a P/E ratio of 17.30.
Superior Industries International (NYSE:SUP) last released its earnings data on Friday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $212.39 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts predict that Superior Industries International will post $0.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.96%.
Superior Industries International, Inc is engaged in the designing and manufacturing of aluminum road wheels for sale to original equipment manufacturers (NYSE:SUP).
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