Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Sells $520,087.50 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) SVP Jason Wilder sold 11,250 shares of the business's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the sale, the senior vice president now owns 534 shares of the company's stock, valued at $24,686.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Rush Enterprises Price Performance

Shares of RUSHA traded down $2.40 during trading hours on Tuesday, hitting $43.92. 487,912 shares of the stock were exchanged, compared to its average volume of 378,022. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The stock's 50-day moving average price is $49.34 and its two-hundred day moving average price is $44.96. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.02. Rush Enterprises, Inc. has a 12-month low of $33.37 and a 12-month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter in the previous year, the company earned $1.07 earnings per share. Research analysts expect that Rush Enterprises, Inc. will post 2.92 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises's payout ratio is currently 17.19%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RUSHA shares. Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of Rush Enterprises in a research report on Wednesday, April 24th. StockNews.com cut Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Monday, January 1st.

Hedge Funds Weigh In On Rush Enterprises

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in Rush Enterprises by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 16,941 shares of the company's stock worth $852,000 after buying an additional 219 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Rush Enterprises by 70.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company's stock worth $37,000 after buying an additional 287 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Rush Enterprises by 13.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company's stock worth $130,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC grew its stake in Rush Enterprises by 352.2% during the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company's stock worth $28,000 after buying an additional 405 shares during the last quarter. Finally, Nilsine Partners LLC grew its stake in Rush Enterprises by 1.2% during the 1st quarter. Nilsine Partners LLC now owns 45,822 shares of the company's stock worth $2,452,000 after buying an additional 552 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.

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