Standard Motor Products - SMP Stock Forecast, Price & News

Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. The company's Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. This segment offers its products under the Standard, Blue Streak, BWD, Intermotor, OEM, SMP Blue Streak Canada, GP Sorensen, Locksmart, Standard Motorcycle, and Blue Streak Race Wires brands. Its Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Maxair brands. Its products include air conditioning compressors and repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, actuators, hose assemblies, thermal expansion devices, heater valves, heater cores, A/C service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company serves primarily automotive aftermarket retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries. The company was founded in 1919 and is headquartered in Long Island City, New York.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Standard Motor Products from a "buy" rating to a "hold" rating in a research note on Friday, August 5th. MKM Partners began coverage on shares of Standard Motor Products in a research report on Friday, June 10th. They set a "buy" rating and a $62.00 price objective for the company.

Standard Motor Products Price Performance

Shares of SMP opened at $41.48 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $43.30 and its two-hundred day moving average is $43.19. Standard Motor Products has a twelve month low of $37.28 and a twelve month high of $55.09. The firm has a market capitalization of $905.51 million, a PE ratio of 11.43 and a beta of 0.35.

Standard Motor Products (NYSE:SMP - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.28). Standard Motor Products had a return on equity of 14.93% and a net margin of 5.97%. The business had revenue of $359.40 million for the quarter, compared to analyst estimates of $356.59 million. During the same period in the prior year, the company earned $1.26 EPS. The company's revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Standard Motor Products will post 4.12 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, August 12th. Standard Motor Products's dividend payout ratio (DPR) is 29.75%.

Insider Buying and Selling

In other news, Director Peter J. Sills sold 6,045 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $40.63, for a total transaction of $245,608.35. Following the completion of the sale, the director now directly owns 680,767 shares in the company, valued at approximately $27,659,563.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Standard Motor Products news, Director Peter J. Sills sold 5,650 shares of the firm's stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $45.47, for a total transaction of $256,905.50. Following the completion of the transaction, the director now directly owns 686,812 shares in the company, valued at approximately $31,229,341.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Sills sold 6,045 shares of Standard Motor Products stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $40.63, for a total transaction of $245,608.35. Following the transaction, the director now owns 680,767 shares of the company's stock, valued at approximately $27,659,563.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,695 shares of company stock valued at $616,724. Corporate insiders own 6.60% of the company's stock.