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

Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) shares 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 traded.

Standard Motor Products Stock Up 0.4%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 2.32. The stock has a market capitalization of $734.79 million, a P/E ratio of 23.88 and a beta of 0.65. The stock's fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $28.75.

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

Standard Motor Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.31 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Standard Motor Products's previous quarterly dividend of $0.29. Standard Motor Products's payout ratio is 88.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of Standard Motor Products during the 1st quarter valued at $996,000. Proficio Capital Partners LLC acquired a new position in Standard Motor Products during the fourth quarter worth $753,000. Foundry Partners LLC raised its holdings in Standard Motor Products by 22.4% during the fourth quarter. Foundry Partners LLC now owns 202,152 shares of the auto parts company's stock worth $6,263,000 after buying an additional 36,947 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Standard Motor Products during the first quarter worth $823,000. Finally, Rhumbline Advisers raised its holdings in Standard Motor Products by 8.4% during the first quarter. Rhumbline Advisers now owns 128,896 shares of the auto parts company's stock worth $3,213,000 after buying an additional 9,979 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company's stock.

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.