Standex International Corporation (NYSE:SXI)‘s stock had its “buy” rating reiterated by research analysts at FBR & Co in a research report issued to clients and investors on Tuesday.
Several other research analysts have also commented on the stock. Sidoti raised shares of Standex International Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $103.00 to $115.00 in a research note on Friday, May 19th. Zacks Investment Research lowered shares of Standex International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, BidaskClub raised shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $108.50.
Shares of Standex International Corporation (NYSE SXI) opened at 95.10 on Tuesday. The company’s 50-day moving average is $90.77 and its 200-day moving average is $92.23. Standex International Corporation has a one year low of $74.35 and a one year high of $101.24. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 27.52 and a beta of 1.53.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.12. Standex International Corporation had a net margin of 6.01% and a return on equity of 14.88%. The business had revenue of $184.72 million during the quarter, compared to analysts’ expectations of $177.30 million. During the same period in the previous year, the business posted $0.93 EPS. On average, equities analysts predict that Standex International Corporation will post $4.44 EPS for the current year.
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A number of hedge funds have recently modified their holdings of SXI. Russell Investments Group Ltd. purchased a new stake in shares of Standex International Corporation during the fourth quarter valued at $1,613,000. State Street Corp boosted its stake in shares of Standex International Corporation by 7.9% in the fourth quarter. State Street Corp now owns 276,251 shares of the industrial products company’s stock valued at $24,265,000 after buying an additional 20,112 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Standex International Corporation by 20.7% in the fourth quarter. Renaissance Technologies LLC now owns 58,200 shares of the industrial products company’s stock valued at $5,113,000 after buying an additional 10,000 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Standex International Corporation by 102.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,070 shares of the industrial products company’s stock valued at $1,148,000 after buying an additional 6,610 shares during the period. Finally, Norges Bank purchased a new stake in shares of Standex International Corporation during the fourth quarter valued at $12,976,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.
About Standex International Corporation
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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