Yousif Capital Management LLC Acquires 109 Shares of Standex International Corporation $SXI

Yousif Capital Management LLC grew its holdings in shares of Standex International Corporation (NYSE:SXI) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,527 shares of the industrial products company’s stock after purchasing an additional 109 shares during the quarter. Yousif Capital Management LLC’s holdings in Standex International were worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC boosted its position in Standex International by 1.0% during the first quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company’s stock worth $95,309,000 after purchasing an additional 6,121 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Standex International by 636.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company’s stock worth $38,796,000 after purchasing an additional 207,961 shares during the period. Northern Trust Corp boosted its position in Standex International by 2.1% during the first quarter. Northern Trust Corp now owns 209,316 shares of the industrial products company’s stock worth $33,782,000 after purchasing an additional 4,389 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Standex International by 131.1% in the first quarter. Raymond James Financial Inc. now owns 139,589 shares of the industrial products company’s stock worth $22,528,000 after buying an additional 79,181 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Standex International by 1,619.8% in the first quarter. Voya Investment Management LLC now owns 130,860 shares of the industrial products company’s stock worth $21,119,000 after buying an additional 123,251 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Down 0.5%

Shares of SXI opened at $233.38 on Thursday. The company has a market capitalization of $2.82 billion, a P/E ratio of 50.30, a P/E/G ratio of 2.99 and a beta of 1.15. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $242.95. The firm’s 50 day simple moving average is $211.84 and its 200 day simple moving average is $175.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. Sell-side analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director owned 8,439 shares in the company, valued at approximately $1,709,741.40. This trade represents a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the completion of the transaction, the chief executive officer owned 103,973 shares in the company, valued at $24,433,655. This represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,992 shares of company stock worth $10,401,179 over the last three months. Insiders own 2.52% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. DA Davidson increased their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Roth Capital reissued a “buy” rating and issued a $205.00 price target (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $223.50.

About Standex International

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.