Shares of Standex International Corporation (NYSE:SXI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Standex International Corporation’s rating score has improved by 50% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $109.00 for the company, according to Zacks. Zacks has also given Standex International Corporation an industry rank of 82 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on the company. FBR & Co reissued an “outperform” rating on shares of Standex International Corporation in a research note on Tuesday, July 11th. Zacks Investment Research cut Standex International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $103.00 to $115.00 in a research note on Friday, May 19th.
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A number of hedge funds have recently modified their holdings of SXI. Ameritas Investment Partners Inc. acquired a new position in Standex International Corporation during the first quarter valued at about $110,000. State of Alaska Department of Revenue raised its position in Standex International Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,410 shares of the industrial products company’s stock valued at $141,000 after buying an additional 30 shares in the last quarter. Diversified Trust Co acquired a new position in Standex International Corporation during the first quarter valued at about $210,000. UBS Asset Management Americas Inc. acquired a new position in Standex International Corporation during the first quarter valued at about $225,000. Finally, Karp Capital Management Corp acquired a new position in Standex International Corporation during the first quarter valued at about $242,000. 89.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Standex International Corporation (NYSE:SXI) traded up 0.97% during midday trading on Friday, hitting $93.40. 22,538 shares of the company were exchanged. Standex International Corporation has a one year low of $74.35 and a one year high of $101.24. The firm has a market cap of $1.19 billion, a P/E ratio of 27.03 and a beta of 1.53. The company’s 50 day moving average price is $89.02 and its 200 day moving average price is $92.13.
Standex International Corporation (NYSE:SXI) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by $0.12. The business had revenue of $184.72 million during the quarter, compared to analyst estimates of $177.30 million. Standex International Corporation had a return on equity of 14.88% and a net margin of 6.01%. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts expect that Standex International Corporation will post $4.44 EPS for the current year.
Standex International Corporation Company Profile
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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