Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder Sells 11,250 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder sold 11,250 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the sale, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $24,686.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $43.92 on Wednesday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The business has a fifty day moving average of $49.34 and a 200 day moving average of $44.96. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter last year, the business earned $1.07 EPS. As a group, research analysts expect that Rush Enterprises, Inc. will post 2.92 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is currently 17.19%.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Rush Enterprises in a research note on Wednesday, April 24th.

Institutional Investors Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUSHA. GAMMA Investing LLC grew its position in Rush Enterprises by 352.2% during the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after purchasing an additional 405 shares during the period. Hexagon Capital Partners LLC grew its position in Rush Enterprises by 70.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Neo Ivy Capital Management acquired a new stake in Rush Enterprises during the 4th quarter worth about $43,000. Gladius Capital Management LP grew its position in Rush Enterprises by 891.2% during the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after purchasing an additional 1,007 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Rush Enterprises during the 1st quarter worth about $54,000. 84.43% of the stock is owned by institutional investors and hedge funds.

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.