Standard Motor Products (NYSE:SMP) Stock Crosses Above 200 Day Moving Average - What's Next?

Shares of Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.69 and traded as high as $31.02. Standard Motor Products shares last traded at $30.71, with a volume of 199,692 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Standard Motor Products Trading Up 5.2%

The firm has a 50 day moving average price of $28.97 and a two-hundred day moving average price of $28.69. The company has a market cap of $710.39 million, a price-to-earnings ratio of 23.09 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 2.32 and a debt-to-equity ratio of 0.96.

Standard Motor Products (NYSE:SMP - Get Free Report) last issued its earnings results on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.37. The business had revenue of $413.38 million during the quarter, compared to the consensus estimate of $394.38 million. Standard Motor Products had a return on equity of 12.12% and a net margin of 2.02%. The firm's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Standard Motor Products's previous quarterly dividend of $0.29. Standard Motor Products's dividend payout ratio is 88.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMP. Raymond James Financial Inc. acquired a new position in Standard Motor Products during the 4th quarter valued at about $2,710,000. American Century Companies Inc. boosted its position 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 valued at $15,405,000 after buying an additional 86,640 shares during the last quarter. Algert Global LLC purchased a new position in shares of Standard Motor Products during the fourth quarter valued at approximately $2,524,000. Nuveen LLC bought a new stake in Standard Motor Products during the first quarter worth $1,964,000. Finally, Gamco Investors INC. ET AL raised its position in Standard Motor Products by 10.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 790,210 shares of the auto parts company's stock valued at $19,700,000 after buying an additional 72,753 shares during the last quarter. 81.26% of the stock is owned by institutional investors and hedge funds.

About Standard Motor Products

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.