Shares of Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $25.66 and last traded at $25.71, with a volume of 207323 shares changing hands. The stock had previously closed at $26.50.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.
View Our Latest Stock Analysis on SMP
Standard Motor Products Stock Down 1.6 %
The stock has a 50 day moving average price of $29.64 and a 200 day moving average price of $31.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The company has a market capitalization of $563.49 million, a P/E ratio of 15.91 and a beta of 0.50.
Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $343.35 million during the quarter, compared to analyst estimates of $292.50 million. Equities research analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.
Standard Motor Products Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Friday, February 14th. Standard Motor Products's dividend payout ratio is currently 100.81%.
Insider Activity at Standard Motor Products
In other news, EVP Dale Burks sold 11,005 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total value of $299,336.00. Following the completion of the sale, the executive vice president now directly owns 56,860 shares of the company's stock, valued at approximately $1,546,592. This trade represents a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Standard Motor Products
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Standard Motor Products by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company's stock valued at $51,299,000 after purchasing an additional 69,000 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Standard Motor Products by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 929,813 shares of the auto parts company's stock valued at $28,806,000 after acquiring an additional 19,180 shares during the period. State Street Corp boosted its holdings in shares of Standard Motor Products by 2.6% during the 3rd quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock valued at $26,015,000 after acquiring an additional 19,652 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Standard Motor Products by 4.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 717,457 shares of the auto parts company's stock worth $22,227,000 after acquiring an additional 32,197 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Standard Motor Products by 21.1% during the fourth quarter. American Century Companies Inc. now owns 497,258 shares of the auto parts company's stock valued at $15,405,000 after purchasing an additional 86,640 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.
Standard Motor Products Company Profile
(
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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