Standard Motor Products (NYSE:SMP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Standard Motor Products, Inc. (NYSE:SMP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.70 and traded as high as $31.76. Standard Motor Products shares last traded at $31.20, with a volume of 69,302 shares.

Standard Motor Products Trading Down 0.7 %

The stock has a market capitalization of $677.58 million, a PE ratio of 19.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The business’s 50-day moving average is $32.09 and its two-hundred day moving average is $31.70.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, equities research analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Insider Buying and Selling

In related news, insider Carmine Joseph Broccole sold 913 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the transaction, the insider now owns 81,241 shares of the company’s stock, valued at approximately $2,840,185.36. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at $1,582,192.35. The trade was a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,184 shares of company stock worth $387,041 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Standard Motor Products

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 549 shares during the last quarter. Versant Capital Management Inc increased its stake in Standard Motor Products by 147.2% during the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 614 shares during the last quarter. FMR LLC lifted its stake in shares of Standard Motor Products by 64.6% in the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Standard Motor Products during the 3rd quarter worth about $73,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Standard Motor Products in the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

About Standard Motor Products

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.