Key Points
- EVP Dale Burks sold 1,002 shares on Nov. 10 at $38.41 and 1,180 shares on Nov. 11 at $38.30 — totaling about $83,680.82; after the Nov. 10 sale he owned 61,396 shares (≈$2.36M), a 1.61% reduction in his stake.
- Standard Motor Products reported $1.36 EPS (vs. $1.14 consensus) while revenue was slightly below estimates at $498.84M (consensus $503.33M).
- The company declared a quarterly dividend of $0.31 payable Dec. 1 (annualized yield ~3.2%, payout ratio ~88.6%), and analyst consensus price target is $49 with an average rating of "Buy."
Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) VP Ray Nicholas sold 457 shares of the company's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $38.36, for a total transaction of $17,530.52. Following the completion of the sale, the vice president owned 49,702 shares of the company's stock, valued at approximately $1,906,568.72. This trade represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Ray Nicholas also recently made the following trade(s):
- On Monday, November 10th, Ray Nicholas sold 128 shares of Standard Motor Products stock. The shares were sold at an average price of $38.19, for a total transaction of $4,888.32.
Standard Motor Products Stock Down 1.4%
Shares of Standard Motor Products stock traded down $0.54 during midday trading on Thursday, hitting $38.40. The company's stock had a trading volume of 35,399 shares, compared to its average volume of 166,338. The firm has a market capitalization of $844.74 million, a P/E ratio of 21.82 and a beta of 0.68. Standard Motor Products, Inc. has a 1-year low of $21.38 and a 1-year high of $42.13. The company has a quick ratio of 0.87, a current ratio of 2.16 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $39.64 and a 200-day simple moving average of $34.87.
Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.22. Standard Motor Products had a net margin of 2.39% and a return on equity of 12.98%. The firm had revenue of $498.84 million for the quarter, compared to analyst estimates of $503.33 million. As a group, sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.
Standard Motor Products Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. Standard Motor Products's dividend payout ratio (DPR) is presently 88.57%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SMP shares. Weiss Ratings restated a "hold (c+)" rating on shares of Standard Motor Products in a research note on Thursday, October 30th. Wall Street Zen raised Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Roth Capital reiterated a "buy" rating and set a $49.00 price target on shares of Standard Motor Products in a report on Monday, November 3rd. Finally, Zacks Research raised shares of Standard Motor Products from a "hold" rating to a "strong-buy" rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $49.00.
Check Out Our Latest Report on Standard Motor Products
Hedge Funds Weigh In On Standard Motor Products
Large investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Standard Motor Products by 2.1% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,300 shares of the auto parts company's stock valued at $992,000 after purchasing an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Standard Motor Products by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the auto parts company's stock valued at $310,000 after acquiring an additional 546 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Standard Motor Products by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 29,815 shares of the auto parts company's stock worth $916,000 after purchasing an additional 587 shares in the last quarter. Legal & General Group Plc lifted its stake in Standard Motor Products by 1.2% during the second quarter. Legal & General Group Plc now owns 54,801 shares of the auto parts company's stock worth $1,683,000 after purchasing an additional 628 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Standard Motor Products by 4,842.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the auto parts company's stock worth $29,000 after buying an additional 920 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company's stock.
About Standard Motor Products
(
Get Free Report)
Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.
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