Insider Selling: Michael N. Bakaric Sells 1,000 Shares of Superior Industries International Stock (SUP)
Superior Industries International (NYSE:SUP) VP Michael N. Bakaric unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $19.78, for a total value of $19,780.00. Following the completion of the sale, the vice president now directly owns 4,263 shares in the company, valued at approximately $84,322. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Superior Industries International in a research note on Thursday, May 22nd. They now have a $21.00 price target on the stock.
Shares of Superior Industries International (NYSE:SUP) opened at 19.90 on Tuesday. Superior Industries International has a 1-year low of $16.89 and a 1-year high of $21.77. The stock has a 50-day moving average of $19.9 and a 200-day moving average of $19.63. The company has a market cap of $540.0 million and a price-to-earnings ratio of 23.88.
Superior Industries International (NYSE:SUP) last released its earnings data on Friday, May 2nd. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.18 earnings per share. Superior Industries International’s revenue was down 11.2% compared to the same quarter last year. Analysts expect that Superior Industries International will post $0.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, July 1st.
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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