Standard Motor Products (NYSE:SMP) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.77 and traded as high as $33.82. Standard Motor Products shares last traded at $33.44, with a volume of 179,121 shares traded.

Standard Motor Products Stock Performance

The company has a current ratio of 2.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The firm's 50-day moving average is $30.41 and its two-hundred day moving average is $28.82. The stock has a market cap of $721.60 million, a price-to-earnings ratio of 23.45 and a beta of 0.65.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.37. Standard Motor Products had a net margin of 2.02% and a return on equity of 12.12%. The company had revenue of $413.38 million during the quarter, compared to analysts' expectations of $394.38 million. During the same quarter in the prior year, the company earned $0.45 EPS. Standard Motor Products's revenue was up 24.7% compared to the same quarter last year. As a group, sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Standard Motor Products's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, May 15th. Standard Motor Products's dividend payout ratio (DPR) is presently 88.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Standard Motor Products in the fourth quarter valued at about $2,710,000. American Century Companies Inc. grew 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 worth $15,405,000 after buying an additional 86,640 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Standard Motor Products during the fourth quarter worth about $2,524,000. Nuveen LLC acquired a new position in Standard Motor Products during the first quarter worth approximately $1,964,000. Finally, Gamco Investors INC. ET AL increased its position in Standard Motor Products by 10.1% during the first quarter. Gamco Investors INC. ET AL now owns 790,210 shares of the auto parts company's stock worth $19,700,000 after purchasing an additional 72,753 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Company Profile

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.