Standex International Corporation (SXI) Rating Reiterated by B. Riley
Standex International Corporation (NYSE:SXI)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research report issued to clients and investors on Wednesday.
Several other equities analysts have also commented on SXI. FBR & Co reissued an “outperform” rating on shares of Standex International Corporation in a research report on Tuesday, July 11th. Sidoti lowered Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research lowered Standex International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Standex International Corporation presently has an average rating of “Hold” and an average price target of $108.50.
Standex International Corporation (SXI) traded down $0.75 during trading on Wednesday, reaching $104.10. The company had a trading volume of 25,922 shares, compared to its average volume of 39,725. The firm has a market cap of $1,330.00, a price-to-earnings ratio of 22.10 and a beta of 1.60. The company has a quick ratio of 1.51, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Standex International Corporation has a 12-month low of $74.55 and a 12-month high of $110.00.
Standex International Corporation (NYSE:SXI) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.18 by $0.17. The firm had revenue of $214.40 million for the quarter, compared to analyst estimates of $195.63 million. Standex International Corporation had a return on equity of 15.06% and a net margin of 5.83%. Standex International Corporation’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS.
In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.64, for a total value of $189,280.00. Following the transaction, the director now directly owns 9,915 shares of the company’s stock, valued at approximately $938,355.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in shares of Standex International Corporation by 61.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,773 shares of the industrial products company’s stock valued at $719,000 after purchasing an additional 2,586 shares in the last quarter. Tygh Capital Management Inc. raised its position in shares of Standex International Corporation by 7.4% in the 3rd quarter. Tygh Capital Management Inc. now owns 77,329 shares of the industrial products company’s stock valued at $8,212,000 after purchasing an additional 5,345 shares in the last quarter. Copeland Capital Management LLC raised its position in shares of Standex International Corporation by 1.9% during the 3rd quarter. Copeland Capital Management LLC now owns 121,051 shares of the industrial products company’s stock valued at $12,856,000 after acquiring an additional 2,290 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Standex International Corporation during the 3rd quarter valued at approximately $290,000. Finally, Shell Asset Management Co. acquired a new stake in shares of Standex International Corporation during the 3rd quarter valued at approximately $905,000. 87.01% of the stock is currently owned by institutional investors.
Standex International Corporation Company Profile
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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