Standard Motor Products (SMP) Stock Price, News & Analysis

Company Overview

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. It also offers electrical switches and actuators; chassis and drivetrain sensors, such as anti-lock brake and vehicle speed sensors; fluid level sensors; pressure sensors comprising tire pressure monitoring; temperature sensors; sensors for advanced driver assistance systems; battery cables, pigtails, and sockets, as well as various electrical wire, terminals, connectors, and tools for servicing a vehicle's electrical system; and spark plug, coil on plug boots, and ignition system accessories. In addition, the company offers AC system components that include compressors, air conditioning repair kits, connecting lines, heat exchangers, and expansion devices; parts that provide engine, transmission, electric drive motor, and battery temperature management; thermal management products, sensors, switches, power distribution, electrification and electronics, injections and fuel delivery, ignition and emissions, and clamping devices for commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics, and lawn and garden sectors. It serves retailers and distributors, original equipment manufacturers and their suppliers, system integrators, and original equipment service part manufacturers. The company was founded in 1919 and is headquartered in Long Island City, New York.

Key Stats

• Today's Range: $31.19 to $31.83
• 50-Day Range: $28.66 to $35.38
• 52-Week Range: $26.09 to $41.71
• Volume: 166,908 shs
• Average Volume: 155,668 shs
• Market Capitalization: $685.92 million
• P/E Ratio: 19.49
• Dividend Yield: 3.67%
• Price Target: $42.00
• Consensus Rating: Buy

Standard Motor Products Stock Analysis - MarketRank™

Standard Motor Products scored higher than 98% of companies evaluated by MarketBeat, and ranked 7th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Standard Motor Products has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Standard Motor Products has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 13.20%

Earnings Growth

Earnings for Standard Motor Products are expected to grow by 13.20% in the coming year, from $3.03 to $3.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Standard Motor Products is 19.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Standard Motor Products is 19.49, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.75.

Price to Book Value per Share Ratio

Standard Motor Products has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the float of Standard Motor Products has been sold short.

Short Interest Ratio / Days to Cover

Standard Motor Products has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Standard Motor Products has recently decreased by 8.82%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Standard Motor Products pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Standard Motor Products does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Standard Motor Products is 71.61%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Standard Motor Products will have a dividend payout ratio of 33.82% next year. This indicates that Standard Motor Products will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -3.48

Percentage of Shares Shorted

1.95% of the float of Standard Motor Products has been sold short.

Short Interest Ratio / Days to Cover

Standard Motor Products has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Standard Motor Products has recently decreased by 8.82%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.23

News Sentiment

Standard Motor Products has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Standard Motor Products this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for SMP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Standard Motor Products to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Standard Motor Products insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $225,701.00 in company stock.

Percentage Held by Insiders

Only 5.00% of the stock of Standard Motor Products is held by insiders.

Percentage Held by Institutions

81.26% of the stock of Standard Motor Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SMP Stock Analysis - Frequently Asked Questions

How have SMP shares performed this year?

Standard Motor Products' stock was trading at $39.81 at the beginning of the year. Since then, SMP shares have decreased by 20.7% and is now trading at $31.58.
View the best growth stocks for 2024 here.

How were Standard Motor Products' earnings last quarter?

Standard Motor Products, Inc. (NYSE:SMP) released its quarterly earnings results on Wednesday, October, 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The company's revenue for the quarter was up 3.3% compared to the same quarter last year.

Who are Standard Motor Products' major shareholders?

Top institutional shareholders of Standard Motor Products include Royce & Associates LP (5.97%), State Street Corp (3.61%), Geode Capital Management LLC (2.23%) and Charles Schwab Investment Management Inc. (1.35%). Insiders that own company stock include Lawrence I Sills, Peter J Sills, Eric Sills, Carmine Joseph Broccole, Dale Burks, Ray Nicholas, Nathan R Iles, Thomas Tesoro and Alisa C Norris.
View institutional ownership trends.

How do I buy shares of Standard Motor Products?

Shares of SMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Standard Motor Products own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Standard Motor Products investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Home Depot (HD), JPMorgan Chase & Co. (JPM), Visa (V) and Chevron (CVX).

Company Calendar

• Ex-Dividend for 9/3 Dividend: 8/15/2024
• Dividend Payable: 9/03/2024
• Last Earnings: 10/30/2024
• Ex-Dividend for 12/2 Dividend: 11/15/2024
• Today: 11/20/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Auto Parts & Equipment
• Current Symbol: NYSE:SMP
• CUSIP: 85366610
• CIK: 93389
• Web: www.smpcorp.com
• Phone: (718) 392-0200
• Fax: 718-392-3270
• Employees: 5,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $42.00
• High Stock Price Target: $42.00
• Low Stock Price Target: $42.00
• Potential Upside/Downside: +33.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.62
• Trailing P/E Ratio: 19.49
• Forward P/E Ratio: 10.42
• P/E Growth: N/A
• Net Income: $34.15 million
• Net Margins: 2.56%
• Pretax Margin: 5.73%
• Return on Equity: 10.42%
• Return on Assets: 5.07%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 2.25
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $1.36 billion
• Price / Sales: 0.50
• Cash Flow: $4.13 per share
• Price / Cash Flow: 7.64
• Book Value: $29.95 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 21,720,000
• Free Float: 20,636,000
• Market Cap: $685.92 million
• Optionable: Optionable
• Beta: 0.51