Teton Advisors Inc. decreased its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 483,883 shares of the company’s stock after selling 32,117 shares during the period. Superior Industries International makes up approximately 1.3% of Teton Advisors Inc.’s holdings, making the stock its 9th largest position. Teton Advisors Inc. owned about 1.90% of Superior Industries International worth $12,750,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Winslow Evans & Crocker Inc. acquired a new stake in shares of Superior Industries International during the third quarter valued at about $113,000. Mason Street Advisors LLC acquired a new stake in shares of Superior Industries International during the second quarter valued at about $117,000. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Superior Industries International during the third quarter valued at about $132,000. Neuberger Berman Group LLC acquired a new stake in shares of Superior Industries International during the third quarter valued at about $231,000. Finally, BlackRock Inc. boosted its stake in shares of Superior Industries International by 1.2% in the third quarter. BlackRock Inc. now owns 8,074 shares of the company’s stock valued at $235,000 after buying an additional 96 shares in the last quarter. 82.02% of the stock is owned by institutional investors.
Superior Industries International, Inc. (NYSE:SUP) traded up 0.42% during mid-day trading on Monday, hitting $23.85. 234,587 shares of the stock traded hands. The company has a market cap of $606.86 million, a price-to-earnings ratio of 14.73 and a beta of 0.73. Superior Industries International, Inc. has a 12-month low of $18.69 and a 12-month high of $32.12. The firm’s 50-day moving average is $24.52 and its 200-day moving average is $26.84.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Thursday, January 5th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Tuesday, January 3rd. Superior Industries International’s dividend payout ratio is presently 44.44%.
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Several analysts recently issued reports on SUP shares. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Thursday, January 12th. B. Riley reaffirmed a “neutral” rating and set a $29.00 price objective on shares of Superior Industries International in a research note on Wednesday, November 2nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.50.
About Superior Industries International
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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