Superior Industries International (SUP) Given a $15.00 Price Target by Barrington Research Analysts

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

Several other research analysts have also weighed in on the company. ValuEngine lowered Superior Industries International from a sell rating to a strong sell rating in a research report on Friday, October 26th. B. Riley cut their target price on Superior Industries International from $33.00 to $28.00 and set a buy rating on the stock in a research report on Thursday, October 25th. Buckingham Research cut their target price on Superior Industries International from $24.00 to $19.00 and set a neutral rating on the stock in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research raised Superior Industries International from a sell rating to a hold rating in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Superior Industries International has a consensus rating of Hold and an average target price of $18.20.

Shares of SUP traded down $2.45 during trading hours on Tuesday, hitting $7.29. The stock had a trading volume of 1,375,784 shares, compared to its average volume of 261,604. The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $251.44 million, a P/E ratio of 6.63 and a beta of 1.83. 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 consensus estimate of ($0.35) by $0.06. The business had revenue of $347.60 million for the quarter, compared to analyst estimates of $346.65 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted ($0.22) EPS. Sell-side analysts predict that Superior Industries International will post 0.1 earnings per share for the current year.

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

A number of large investors have recently added to or reduced their stakes in SUP. BlackRock Inc. raised its position in Superior Industries International by 6.6% in the second quarter. BlackRock Inc. now owns 3,374,743 shares of the auto parts company’s stock valued at $60,407,000 after purchasing an additional 208,506 shares during the period. Prudential Financial Inc. raised its position in Superior Industries International by 55.9% in the third quarter. Prudential Financial Inc. now owns 259,336 shares of the auto parts company’s stock valued at $4,422,000 after purchasing an additional 93,000 shares during the period. Renaissance Technologies LLC raised its position in Superior Industries International by 343.8% in the second quarter. Renaissance Technologies LLC now owns 106,502 shares of the auto parts company’s stock valued at $1,906,000 after purchasing an additional 82,502 shares during the period. Wells Fargo & Company MN raised its position in Superior Industries International by 85.1% in the third quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock valued at $2,871,000 after purchasing an additional 77,415 shares during the period. Finally, Algert Global LLC purchased a new position in Superior Industries International in the second quarter valued at about $1,315,000. 84.53% of the stock is currently owned by institutional investors.

Superior Industries International Company Profile

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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