Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans $0.19 Quarterly Dividend

Rush Enterprises, Inc. (NASDAQ:RUSHAGet Rating) announced a quarterly dividend on Tuesday, April 26th, Zacks reports. Investors of record on Thursday, May 12th will be paid a dividend of 0.19 per share on Friday, June 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, May 11th.

Rush Enterprises has increased its dividend by an average of 66.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Rush Enterprises has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rush Enterprises to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 16.2%.

RUSHA opened at $50.79 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.30 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $50.60 and its 200-day moving average is $52.38. The stock has a market cap of $2.81 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25. Rush Enterprises has a twelve month low of $40.95 and a twelve month high of $60.88.

Rush Enterprises (NASDAQ:RUSHAGet Rating) last announced its earnings results on Wednesday, February 16th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. Rush Enterprises had a return on equity of 17.40% and a net margin of 4.71%. The firm had revenue of $1.31 billion for the quarter. During the same period in the previous year, the firm earned $0.72 EPS. As a group, analysts forecast that Rush Enterprises will post 4.55 EPS for the current year.

Several research firms recently weighed in on RUSHA. StockNews.com started coverage on shares of Rush Enterprises in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, February 3rd.

In other Rush Enterprises news, COO Michael Mcroberts sold 8,807 shares of Rush Enterprises stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $49.46, for a total transaction of $435,594.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 12.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of Rush Enterprises in the 4th quarter worth $240,000. State of Tennessee Treasury Department raised its holdings in shares of Rush Enterprises by 26.7% in the 4th quarter. State of Tennessee Treasury Department now owns 8,162 shares of the company’s stock worth $454,000 after acquiring an additional 1,722 shares during the last quarter. LPL Financial LLC lifted its position in Rush Enterprises by 5.9% in the 3rd quarter. LPL Financial LLC now owns 12,142 shares of the company’s stock valued at $548,000 after acquiring an additional 680 shares in the last quarter. UBS Group AG boosted its stake in Rush Enterprises by 52.6% during the 3rd quarter. UBS Group AG now owns 12,195 shares of the company’s stock valued at $550,000 after purchasing an additional 4,202 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Rush Enterprises during the 4th quarter worth approximately $595,000. 74.55% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Company Profile (Get Rating)

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, or Blue Bird.

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Dividend History for Rush Enterprises (NASDAQ:RUSHA)

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