Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) EVP Dale Burks sold 5,798 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $39.00, for a total transaction of $226,122.00. Following the completion of the sale, the executive vice president directly owned 47,657 shares of the company's stock, valued at $1,858,623. The trade was a 10.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Dale Burks also recently made the following trade(s):
- On Tuesday, August 18th, Dale Burks sold 3,500 shares of Standard Motor Products stock. The stock was sold at an average price of $38.76, for a total transaction of $135,660.00.
- On Friday, August 14th, Dale Burks sold 9,051 shares of Standard Motor Products stock. The stock was sold at an average price of $38.71, for a total value of $350,364.21.
Standard Motor Products Stock Performance
NYSE SMP opened at $38.17 on Friday. The firm has a market cap of $852.72 million, a P/E ratio of 17.04 and a beta of 0.82. Standard Motor Products, Inc. has a 52-week low of $34.27 and a 52-week high of $46.00. The business's 50-day moving average price is $38.84 and its 200 day moving average price is $38.82. The company has a quick ratio of 0.80, a current ratio of 2.00 and a debt-to-equity ratio of 0.73.
Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.39 by $0.01. The firm had revenue of $526.72 million during the quarter, compared to the consensus estimate of $511.68 million. Standard Motor Products had a return on equity of 13.28% and a net margin of 2.78%.During the same period in the prior year, the business earned $1.13 EPS. On average, equities research analysts expect that Standard Motor Products, Inc. will post 4.23 earnings per share for the current year.
Standard Motor Products Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. Standard Motor Products's payout ratio is presently 58.93%.
Institutional Investors Weigh In On Standard Motor Products
Several institutional investors have recently made changes to their positions in SMP. Public Employees Retirement System of Ohio purchased a new position in shares of Standard Motor Products in the 2nd quarter valued at about $35,000. Parallel Advisors LLC boosted its holdings in Standard Motor Products by 76.7% during the first quarter. Parallel Advisors LLC now owns 949 shares of the auto parts company's stock worth $33,000 after buying an additional 412 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Standard Motor Products by 7,560.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,149 shares of the auto parts company's stock worth $42,000 after buying an additional 1,134 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Standard Motor Products by 235.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the auto parts company's stock worth $71,000 after buying an additional 1,613 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in Standard Motor Products during the third quarter worth about $99,000. 81.26% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Zacks Research downgraded Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Standard Motor Products from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Standard Motor Products from a "hold" rating to a "buy" rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.
View Our Latest Research Report on Standard Motor Products
Standard Motor Products Company Profile
(
Get Free Report)
Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.
The company operates through two primary segments: Engine Management and Temperature Control.
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