Standex International (NYSE:SXI) Given "Buy" Rating at DA Davidson

Key Points

• DA Davidson reaffirmed a “Buy” rating on Standex International and set a $350 price target, implying approximately 13% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $298.67.
• Standex recently beat quarterly expectations, reporting $2.45 in EPS versus the $2.35 estimate and $228.25 million in revenue, up 2.8% year over year. Analysts expect full-year EPS of about $9.96.
• SXI shares traded at $309.64, giving the company a market capitalization of roughly $3.75 billion; institutional investors and hedge funds own 90.35% of outstanding shares.

Standex International (NYSE:SXI - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $350.00 price objective on the industrial products company's stock. DA Davidson's price target would indicate a potential upside of 13.03% from the company's previous close.

A number of other equities research analysts have also weighed in on SXI. Weiss Ratings lowered Standex International from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Zacks Research upgraded Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $298.67.

Standex International Price Performance

SXI stock traded down $3.03 during trading on Thursday, reaching $309.64. 14,080 shares of the company were exchanged, compared to its average volume of 176,930. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 3.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. The company has a 50-day moving average of $316.71 and a two-hundred day moving average of $281.65. Standex International has a twelve month low of $197.00 and a twelve month high of $363.89.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. As a group, equities analysts predict that Standex International will post 9.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Cedar Mountain Advisors LLC acquired a new stake in shares of Standex International during the first quarter worth $29,000. Cornerstone Planning Group LLC boosted its position in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in Standex International during the second quarter valued at $42,000. UMB Bank n.a. grew its holdings in Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock worth $28,000 after acquiring an additional 73 shares during the period. Finally, Allworth Financial LP acquired a new stake in Standex International during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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