Barrington Research Reiterates “$15.00” Price Target for Superior Industries International (SUP)

Barrington Research set a $15.00 target price on Superior Industries International (NYSE:SUP) in a research note issued to investors on Tuesday morning. The brokerage currently has a buy rating on the auto parts company’s stock.

SUP has been the subject of a number of other reports. ValuEngine lowered shares of Superior Industries International from a buy rating to a hold rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of Superior Industries International from a sell rating to a hold rating in a research note on Monday, July 23rd. Buckingham Research upped their target price on shares of Superior Industries International from $18.00 to $24.00 and gave the stock a neutral rating in a research note on Monday, August 13th. Finally, B. Riley reduced their target price on shares of Superior Industries International from $33.00 to $28.00 and set a buy rating for the company in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $20.25.

Shares of NYSE SUP opened at $9.46 on Tuesday. The firm has a market capitalization of $241.69 million, a P/E ratio of 8.60 and a beta of 1.83. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.33 and a quick ratio of 1.31. Superior Industries International has a 1-year low of $9.22 and a 1-year high of $22.95.

Superior Industries International (NYSE:SUP) last announced its earnings results on Friday, November 9th. The auto parts company reported ($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.06. The firm had revenue of $347.60 million during the quarter, compared to analyst estimates of $346.65 million. Superior Industries International had a net margin of 1.12% and a return on equity of 10.77%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.22) EPS. Sell-side analysts expect that Superior Industries International will post 0.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.36 annualized dividend and a yield of 3.81%. Superior Industries International’s dividend payout ratio (DPR) is presently 32.73%.

A number of large investors have recently modified their holdings of SUP. BlackRock Inc. lifted its position in Superior Industries International by 6.6% during the 2nd quarter. BlackRock Inc. now owns 3,374,743 shares of the auto parts company’s stock worth $60,407,000 after buying an additional 208,506 shares in the last quarter. Prudential Financial Inc. lifted its position in Superior Industries International by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 259,336 shares of the auto parts company’s stock worth $4,422,000 after buying an additional 93,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in Superior Industries International by 343.8% during the 2nd quarter. Renaissance Technologies LLC now owns 106,502 shares of the auto parts company’s stock worth $1,906,000 after buying an additional 82,502 shares in the last quarter. Wells Fargo & Company MN lifted its position in Superior Industries International by 85.1% during the 3rd quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock worth $2,871,000 after buying an additional 77,415 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Superior Industries International during the 2nd quarter worth about $1,315,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

About Superior Industries International

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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