Rush Enterprises (NASDAQ:RUSHA) Sets New 52-Week High at $52.49

Rush Enterprises, Inc. (NASDAQ:RUSHA) hit a new 52-week high during trading on Tuesday . The company traded as high as $52.49 and last traded at $52.34, with a volume of 60179 shares changing hands. The stock had previously closed at $51.72.

Analyst Ratings Changes

RUSHA has been the topic of several recent research reports. Stephens reiterated an “overweight” rating and set a $58.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 14th. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Rush Enterprises Price Performance

The company has a fifty day simple moving average of $47.54 and a two-hundred day simple moving average of $43.39. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. Rush Enterprises’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, equities research analysts expect that Rush Enterprises, Inc. will post 2.85 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. Rush Enterprises’s dividend payout ratio is 16.41%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rush Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in shares of Rush Enterprises by 66,200.0% during the 3rd quarter. Comerica Bank now owns 663 shares of the company’s stock valued at $27,000 after buying an additional 662 shares during the last quarter. Neo Ivy Capital Management bought a new position in Rush Enterprises in the 4th quarter worth approximately $43,000. Gladius Capital Management LP raised its holdings in Rush Enterprises by 891.2% during the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after acquiring an additional 1,007 shares during the period. West Tower Group LLC purchased a new stake in shares of Rush Enterprises during the second quarter worth $59,000. Finally, Quarry LP boosted its holdings in shares of Rush Enterprises by 543.8% in the first quarter. Quarry LP now owns 1,249 shares of the company’s stock worth $68,000 after acquiring an additional 1,055 shares during the period. Institutional investors own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. 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, Blue Bird, and Dennis Eagle.