Insider Selling: Steven J. Borick Sells 20,000 Shares of Superior Industries International Stock (SUP)
Superior Industries International (NYSE:SUP) major shareholder Steven J. Borick sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $20.14, for a total value of $402,800.00. Following the transaction, the insider now directly owns 100 shares in the company, valued at approximately $2,014. The transaction was disclosed in a filing with the SEC, which is available at this link. Large 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 down 1.21% during mid-day trading on Monday, hitting $20.41. 139,960 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 has a 50-day moving average of $20.28 and a 200-day moving average of $19.79. The company has a market cap of $553.8 million and a price-to-earnings ratio of 24.89.
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.
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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