Superior Industries International major shareholder Steven J. Borick Unloads 80,000 Shares (SUP)
Superior Industries International (NYSE:SUP) major shareholder Steven J. Borick sold 80,000 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.64, for a total value of $1,571,200.00. Following the transaction, the insider now directly owns 170,932 shares in the company, valued at approximately $3,357,104. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Superior Industries International (NYSE:SUP) traded down 1.12% during mid-day trading on Thursday, hitting $19.37. The stock had a trading volume of 135,221 shares. Superior Industries International has a 52-week low of $16.89 and a 52-week high of $21.77. The stock’s 50-day moving average is $20.59 and its 200-day moving average is $19.46. The company has a market cap of $525.6 million and a P/E ratio of 23.60.
Superior Industries International (NYSE:SUP) last announced its earnings results on Friday, May 2nd. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $183.40 million for the quarter, compared to the consensus estimate of $187.25 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. On average, analysts predict that Superior Industries International will post $0.87 earnings per share for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Superior Industries International in a research note on Monday, March 10th. They now have a $21.00 price target on the stock.
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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