Superior Industries International (SUP) Shares Down 7.2%

Superior Industries International Inc (NYSE:SUP) was down 7.2% during trading on Thursday . The company traded as low as $4.72 and last traded at $4.79. Approximately 621,874 shares changed hands during trading, an increase of 48% from the average daily volume of 420,947 shares. The stock had previously closed at $5.16.

Several research analysts have recently weighed in on SUP shares. Barrington Research set a $15.00 price objective on Superior Industries International and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Buckingham Research raised Superior Industries International from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $19.00 to $12.00 in a research report on Wednesday, November 14th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, January 15th. TheStreet cut Superior Industries International from a “c-” rating to a “d+” rating in a research report on Wednesday, November 14th. Finally, BWS Financial reaffirmed a “hold” rating and set a $6.00 price objective (down from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.85.

The firm has a market capitalization of $129.10 million, a PE ratio of -95.80 and a beta of 2.06. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.08 and a quick ratio of 1.09.

Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Thursday, March 7th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.04. The firm had revenue of $378.80 million for the quarter, compared to analyst estimates of $372.88 million. Superior Industries International had a return on equity of 3.46% and a net margin of 1.72%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.50) earnings per share. Equities analysts expect that Superior Industries International Inc will post -0.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend is Wednesday, April 3rd. Superior Industries International’s dividend payout ratio is currently -720.00%.

Large investors have recently modified their holdings of the stock. Arizona State Retirement System raised its position in Superior Industries International by 6.2% during the 4th quarter. Arizona State Retirement System now owns 35,447 shares of the auto parts company’s stock worth $171,000 after purchasing an additional 2,057 shares during the last quarter. Legal & General Group Plc raised its position in Superior Industries International by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 49,205 shares of the auto parts company’s stock worth $839,000 after purchasing an additional 2,768 shares during the last quarter. Teachers Advisors LLC raised its position in Superior Industries International by 9.8% during the 3rd quarter. Teachers Advisors LLC now owns 48,974 shares of the auto parts company’s stock worth $835,000 after purchasing an additional 4,389 shares during the last quarter. First Trust Advisors LP raised its position in Superior Industries International by 18.7% during the 4th quarter. First Trust Advisors LP now owns 41,488 shares of the auto parts company’s stock worth $200,000 after purchasing an additional 6,528 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Superior Industries International during the 4th quarter worth $32,000. 84.12% of the stock is currently owned by institutional investors and hedge funds.

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About Superior Industries International (NYSE:SUP)

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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