Standex Int’l Corp. (NYSE:SXI) Short Interest Update

Standex Int’l Corp. (NYSE:SXI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 323,300 shares, a growth of 28.4% from the July 31st total of 251,800 shares. Based on an average daily volume of 71,500 shares, the short-interest ratio is presently 4.5 days. Currently, 2.6% of the company’s shares are short sold.

NYSE:SXI traded up $0.47 during trading hours on Friday, hitting $78.16. 75,832 shares of the company’s stock traded hands, compared to its average volume of 75,194. The firm has a market cap of $927.37 million, a P/E ratio of 19.39 and a beta of 1.41. Standex Int’l has a twelve month low of $59.28 and a twelve month high of $111.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.73 and a current ratio of 2.36. The stock’s fifty day moving average price is $66.59 and its two-hundred day moving average price is $70.73.

Standex Int’l (NYSE:SXI) last posted its quarterly earnings results on Monday, August 26th. The industrial products company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.10). The business had revenue of $209.20 million for the quarter, compared to analyst estimates of $207.38 million. Standex Int’l had a net margin of 8.58% and a return on equity of 10.92%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. On average, equities research analysts predict that Standex Int’l will post 4.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, August 8th. Standex Int’l’s payout ratio is 19.85%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Standex Int’l from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. William Blair reissued a “market perform” rating on shares of Standex Int’l in a research report on Wednesday, August 28th. Finally, ValuEngine raised Standex Int’l from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Large investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in Standex Int’l by 36.9% during the second quarter. Huntington National Bank now owns 657 shares of the industrial products company’s stock valued at $48,000 after buying an additional 177 shares during the period. Bank of Montreal Can increased its position in Standex Int’l by 755.0% in the 2nd quarter. Bank of Montreal Can now owns 1,197 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,057 shares during the last quarter. Marshall Wace LLP acquired a new position in Standex Int’l in the 1st quarter worth about $145,000. Advisor Group Inc. increased its position in Standex Int’l by 136.3% in the 2nd quarter. Advisor Group Inc. now owns 2,115 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Standex Int’l by 48.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,491 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 814 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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