Insider Selling: Steven J. Borick Unloads 60,000 Shares of Superior Industries International Stock (SUP)
Superior Industries International (NYSE:SUP) major shareholder Steven J. Borick unloaded 60,000 shares of Superior Industries International stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $20.37, for a total transaction of $1,222,200.00. Following the completion of the sale, the insider now directly owns 20,000 shares in the company, valued at approximately $407,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Superior Industries International (NYSE:SUP) traded up 1.67% on Friday, hitting $20.73. 134,012 shares of the company’s stock traded hands. 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 $19.93 and its 200-day moving average is $19.68. The company has a market cap of $562.5 million and a price-to-earnings ratio of 24.57.
Superior Industries International (NYSE:SUP) last announced its earnings results 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. On average, analysts predict that Superior Industries International will post $0.87 earnings per share 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 3.47%. 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).
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