Standex Int’l Corp. (NYSE:SXI) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 323,300 shares, an increase of 28.4% from the July 31st total of 251,800 shares. Based on an average trading volume of 71,500 shares, the short-interest ratio is currently 4.5 days. Approximately 2.6% of the shares of the company are short sold.
Several research firms have commented on SXI. ValuEngine raised Standex Int’l from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. William Blair reaffirmed a “market perform” rating on shares of Standex Int’l in a report on Wednesday, August 28th. Finally, Zacks Investment Research cut Standex Int’l from a “hold” rating to a “sell” rating in a report on Saturday, August 31st.
Shares of SXI traded up $0.47 during mid-day trading on Friday, reaching $78.16. The company had a trading volume of 75,832 shares, compared to its average volume of 75,194. Standex Int’l has a twelve month low of $59.28 and a twelve month high of $111.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.36 and a quick ratio of 1.73. The company’s 50-day moving average is $66.59 and its 200-day moving average is $70.73. The company has a market capitalization of $927.37 million, a P/E ratio of 19.39 and a beta of 1.41.
Standex Int’l (NYSE:SXI) last issued its earnings results on Monday, August 26th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.10). Standex Int’l had a return on equity of 10.92% and a net margin of 8.58%. The company had revenue of $209.20 million during the quarter, compared to analyst estimates of $207.38 million. During the same period in the previous year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Standex Int’l will post 4.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. Standex Int’l’s payout ratio is presently 19.85%.
Several institutional investors and hedge funds have recently modified their holdings of SXI. Huntington National Bank raised its holdings in shares of Standex Int’l by 36.9% in the 2nd quarter. Huntington National Bank now owns 657 shares of the industrial products company’s stock worth $48,000 after buying an additional 177 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Standex Int’l by 755.0% in the 2nd quarter. Bank of Montreal Can now owns 1,197 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,057 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Standex Int’l in the 1st quarter worth approximately $145,000. Advisor Group Inc. raised its holdings in shares of Standex Int’l by 136.3% in the 2nd quarter. Advisor Group Inc. now owns 2,115 shares of the industrial products company’s stock worth $156,000 after buying an additional 1,220 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Standex Int’l by 48.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,491 shares of the industrial products company’s stock worth $182,000 after buying an additional 814 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.
Standex Int’l Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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