SIFCO Industries (NYSE:SIF) Trading 7.8% Higher - Here's Why

Key Points

• Shares rose 7.8% to $16.25 on Thursday, with 64,922 shares changing hands (about 14% below the average); the stock's 50-day/200-day moving averages are $14.29 and $9.38 and the market cap is roughly $101 million.
• Several institutional investors recently added or initiated positions — led by Minerva Advisors (now 488,984 shares) and new stakes from Wealthspire, Citadel Advisors, DRW and others — and institutions own about 24.20% of the company.
• SIFCO Industries is a specialty metal component manufacturer serving aerospace and industrial markets, operating two segments (Forged and Machined Products and Industrial Products) and emphasizing high-precision engineering and material traceability.

SIFCO Industries, Inc. (NYSE:SIF - Get Free Report)'s share price traded up 7.8% on Thursday . The company traded as high as $16.25 and last traded at $16.25. 64,922 shares were traded during trading, a decline of 14% from the average session volume of 75,878 shares. The stock had previously closed at $15.08.

SIFCO Industries Trading Up 7.8%

The business's 50-day moving average is $14.29 and its two-hundred day moving average is $9.38. The stock has a market capitalization of $100.99 million, a PE ratio of -22.89 and a beta of 0.54.

Institutional Investors Weigh In On SIFCO Industries

A number of institutional investors have recently modified their holdings of the stock. Minerva Advisors LLC raised its stake in shares of SIFCO Industries by 4.7% in the 4th quarter. Minerva Advisors LLC now owns 488,984 shares of the company's stock valued at $2,729,000 after purchasing an additional 22,083 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in SIFCO Industries during the fourth quarter worth about $335,000. Citadel Advisors LLC acquired a new stake in SIFCO Industries during the third quarter worth about $143,000. DRW Securities LLC acquired a new stake in SIFCO Industries during the fourth quarter worth about $86,000. Finally, Empowered Funds LLC acquired a new stake in SIFCO Industries during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 24.20% of the company's stock.

SIFCO Industries Company Profile

SIFCO Industries, Inc is a specialty metal component manufacturer serving aerospace and industrial markets. The company operates through two primary business segments: Forged and Machined Products, which focuses on producing custom forgings, rings, discs and machined components; and Industrial Products, which supplies forgings, fasteners and assemblies for energy, general industrial and defense customers. SIFCO Industries emphasizes high-precision engineering, material traceability and quality assurance throughout its manufacturing processes.

The company's product portfolio includes open-die and closed-die forgings, CNC-machined parts, forging stock and subassemblies.

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