Superior Industries International (SUP) Downgraded to “Hold” at BWS Financial

BWS Financial lowered shares of Superior Industries International (NYSE:SUP) from a buy rating to a hold rating in a research report sent to investors on Friday, Marketbeat reports. They currently have $10.00 price objective on the auto parts company’s stock.

Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Superior Industries International from a sell rating to a strong sell rating in a report on Friday, October 26th. B. Riley lowered their target price on Superior Industries International from $33.00 to $28.00 and set a buy rating for the company in a report on Thursday, October 25th. Barrington Research reissued a buy rating and issued a $27.00 price objective on shares of Superior Industries International in a research note on Monday, August 6th. Zacks Investment Research raised Superior Industries International from a sell rating to a hold rating in a research note on Monday, July 23rd. Finally, Buckingham Research raised their price objective on Superior Industries International from $18.00 to $24.00 and gave the company a neutral rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Superior Industries International presently has a consensus rating of Hold and an average price target of $18.20.

SUP stock traded down $2.45 during mid-day trading on Friday, reaching $7.29. The company’s stock had a trading volume of 1,375,784 shares, compared to its average volume of 261,604. The company has a market cap of $251.44 million, a P/E ratio of 6.63 and a beta of 1.83. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.31 and a current ratio of 2.33. Superior Industries International has a 12 month low of $6.91 and a 12 month high of $22.95.

Superior Industries International (NYSE:SUP) last issued 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 business had revenue of $347.60 million during the quarter, compared to the consensus estimate of $346.65 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) earnings per share. On average, research analysts predict that Superior Industries International will post 0.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were paid a $0.09 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 4.94%. Superior Industries International’s dividend payout ratio (DPR) is presently 32.73%.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Superior Industries International by 1.7% in the third quarter. BlackRock Inc. now owns 3,430,438 shares of the auto parts company’s stock valued at $58,488,000 after acquiring an additional 55,695 shares during the period. Bank of America Corp DE grew its stake in Superior Industries International by 6.1% in the second quarter. Bank of America Corp DE now owns 738,138 shares of the auto parts company’s stock valued at $13,212,000 after acquiring an additional 42,613 shares during the period. Bank of New York Mellon Corp grew its stake in Superior Industries International by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 381,490 shares of the auto parts company’s stock valued at $6,505,000 after acquiring an additional 11,904 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Superior Industries International by 8.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 377,836 shares of the auto parts company’s stock valued at $6,764,000 after acquiring an additional 30,316 shares during the period. Finally, Millennium Management LLC grew its stake in Superior Industries International by 22.2% in the second quarter. Millennium Management LLC now owns 373,339 shares of the auto parts company’s stock valued at $6,683,000 after acquiring an additional 67,943 shares during the period. 84.53% of the stock is 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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