Standex International (NYSE:SXI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
A number of other research analysts have also issued reports on SXI. Barrington Research restated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson dropped their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Roth Capital upgraded Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $223.33.
Read Our Latest Analysis on SXI
Standex International Stock Performance
SXI stock traded down $0.08 during trading hours on Friday, hitting $150.64. 33,247 shares of the stock were exchanged, compared to its average volume of 57,364. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.82 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a 50-day simple moving average of $147.29 and a two-hundred day simple moving average of $175.08. Standex International has a 12 month low of $128.85 and a 12 month high of $212.66.
Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results 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. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The business had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. During the same period in the prior year, the company posted $1.75 earnings per share. Standex International's revenue was up 17.2% compared to the same quarter last year. On average, analysts forecast that Standex International will post 7.9 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director now owns 5,259 shares in the company, valued at $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company's stock.
Institutional Investors Weigh In On Standex International
A number of hedge funds have recently made changes to their positions in SXI. First Hawaiian Bank increased its position in Standex International by 23.3% during 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 stake in shares of Standex International by 4.1% during the first quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company's stock worth $401,000 after buying an additional 98 shares during 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 buying an additional 196 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock valued at $5,919,000 after acquiring an additional 33,016 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Standex International by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock valued at $6,474,000 after acquiring an additional 1,509 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.
About Standex International
(
Get Free Report)
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.
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