Superior Industries International major shareholder Sells $206,800 in Stock (SUP)
Superior Industries International (NYSE:SUP) major shareholder Steven J. Borick sold 10,000 shares of Superior Industries International stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $20.68, for a total transaction of $206,800.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $206,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
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) traded up 0.68% on Tuesday, hitting $20.58. The stock had a trading volume of 166,277 shares. Superior Industries International has a one year low of $16.89 and a one year high of $21.77. The stock has a 50-day moving average of $20.01 and a 200-day moving average of $19.71. The company has a market cap of $558.4 million and a P/E ratio of 24.63.
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. 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 3.50%. 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).
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.