S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Dale Burks, the Chief Commercial Officer and Executive Vice President of Standard Motor Products, Inc. (NYSE:SMP), recently executed a significant stock transaction. On March 11, 2025, Burks sold 11,005 shares of common stock at an average price of $27.20 per share, totaling approximately $299,336. The transaction comes as SMP trades near its 52-week low of $26.09, with InvestingPro data indicating oversold conditions based on RSI analysis. This sale was part of a broker-assisted transaction to cover the payment of withholding tax liability incurred upon the vesting of restricted stock awards. Following the sale, Burks holds 56,860 shares directly. Additionally, there are 5,474 shares beneficially owned under an Employee Stock Ownership Plan (ESOP), which may have seen allocations or dispositions since the last report. The $580M market cap company maintains strong financial health with a current ratio of 2.11 and has consistently paid dividends for 16 consecutive years. For deeper insights into SMP’s valuation and financial metrics, including exclusive ProTips and comprehensive analysis, check out InvestingPro.
In other recent news, Standard Motor Products Inc . reported strong financial results for the fourth quarter of 2024, with earnings per share of $0.47, surpassing analyst expectations of $0.37. The company’s revenue also exceeded forecasts, reaching $343 million compared to the anticipated $299.4 million. This performance was bolstered by an 18.1% increase in consolidated sales, partly attributed to the acquisition of Nissens Automotive. The acquisition has expanded Standard Motor Products’ market reach and contributed significantly to sales growth. Additionally, the company announced a 7% increase in its quarterly dividend, raising it to $0.31 per share. Despite these positive results, analysts noted the potential challenges posed by tariffs and economic uncertainties. The company is focusing on integrating Nissens Automotive to achieve cost synergies of $8-12 million within the next 24 months. Looking forward, Standard Motor Products expects mid-teens sales growth for 2025, with an adjusted EBITDA target of 10-11%.
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