Superior Industries International major shareholder Sells $1,072,720 in Stock (SUP)
Superior Industries International (NYSE:SUP) major shareholder Steven J. Borick sold 53,000 shares of Superior Industries International stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $20.24, for a total transaction of $1,072,720.00. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,024,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Superior Industries International (NYSE:SUP) traded up 0.50% on Tuesday, hitting $20.30. The stock had a trading volume of 106,319 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 $19.85 and its 200-day moving average is $19.66. The company has a market cap of $550.8 million and a price-to-earnings ratio of 24.34.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data 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. 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. Investors 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 3.56%. The ex-dividend date of this dividend is Tuesday, July 1st.
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.
Superior Industries International, Inc is engaged in the designing and manufacturing of aluminum road wheels for sale to original equipment manufacturers (NYSE:SUP).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.