Rush Enterprises, Inc. (RUSHA) To Go Ex-Dividend on November 12th

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Wednesday, October 29th. Stockholders of record on Wednesday, November 12th will be given a dividend of 0.19 per share on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, November 12th.

Rush Enterprises has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 6 years. Rush Enterprises has a dividend payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rush Enterprises to earn $4.93 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 15.4%.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $48.81 on Monday. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.44 and a beta of 0.91. Rush Enterprises has a 12 month low of $45.67 and a 12 month high of $65.43. The firm has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $52.79. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a return on equity of 12.61% and a net margin of 3.57%.The firm had revenue of $1.23 billion during the quarter. Research analysts forecast that Rush Enterprises will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $716,197.50. This trade represents a 26.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jason Wilder sold 4,980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the sale, the chief operating officer owned 79,692 shares in the company, valued at approximately $4,426,890.60. The trade was a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 12.28% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. boosted its position in Rush Enterprises by 2.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company’s stock valued at $43,117,000 after acquiring an additional 18,100 shares during the last quarter. Trexquant Investment LP grew its stake in Rush Enterprises by 1,331.1% during the first quarter. Trexquant Investment LP now owns 57,329 shares of the company’s stock worth $3,062,000 after purchasing an additional 53,323 shares during the period. Oliver Luxxe Assets LLC increased its holdings in Rush Enterprises by 33.6% in the first quarter. Oliver Luxxe Assets LLC now owns 38,215 shares of the company’s stock worth $2,041,000 after purchasing an additional 9,612 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Rush Enterprises by 109.8% in the first quarter. Epoch Investment Partners Inc. now owns 15,774 shares of the company’s stock valued at $842,000 after buying an additional 8,256 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Rush Enterprises by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 750,974 shares of the company’s stock worth $40,110,000 after buying an additional 7,979 shares in the last quarter. 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.