Standex International (NYSE:SXI) Sees Unusually-High Trading Volume - Here's What Happened

Standex International Corporation (NYSE:SXI - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 295,892 shares traded hands during trading, an increase of 376% from the previous session's volume of 62,205 shares.The stock last traded at $158.00 and had previously closed at $159.69.

Analyst Ratings Changes

SXI has been the subject of a number of recent research reports. William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Wall Street Zen upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. DA Davidson reduced their price target on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. Finally, Roth Capital raised shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Standex International presently has an average rating of "Buy" and an average price target of $223.33.

Standex International Stock Performance

The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.31 and a beta of 1.07. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The stock's 50 day moving average price is $150.11 and its 200 day moving average price is $169.93.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.92 by $0.03. The company had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Analysts expect that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.32 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.81%. Standex International's dividend payout ratio (DPR) is currently 25.30%.

Insiders Place Their Bets

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company's stock.

Institutional Trading of Standex International

Several hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its position in Standex International by 1,619.8% during the 1st quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company's stock worth $21,119,000 after buying an additional 123,251 shares during the period. First Hawaiian Bank raised its stake in Standex International by 23.3% in the 1st quarter. First Hawaiian Bank now owns 3,089 shares of the industrial products company's stock worth $499,000 after purchasing an additional 583 shares in the last quarter. Inspire Investing LLC grew its position in shares of Standex International by 4.1% during the 1st quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company's stock worth $401,000 after purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after purchasing an additional 196 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after purchasing an additional 33,016 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.