Rush Enterprises (NASDAQ:RUSHA) SVP Michael Goldstone Sells 2,400 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Michael Goldstone sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $81.05, for a total transaction of $194,520.00. Following the completion of the sale, the senior vice president owned 12,590 shares in the company, valued at $1,020,419.50. This represents a 16.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rush Enterprises Price Performance

NASDAQ RUSHA opened at $80.96 on Tuesday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.77 and a beta of 0.89. Rush Enterprises, Inc. has a 1-year low of $45.67 and a 1-year high of $83.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The business’s fifty day moving average price is $72.82 and its 200-day moving average price is $70.12.

Rush Enterprises’s stock is set to split on Tuesday, August 11th. The 3-2 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, July 28th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. On average, equities analysts predict that Rush Enterprises, Inc. will post 3.75 earnings per share for the current year.

Rush Enterprises Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 9th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 9th. Rush Enterprises’s payout ratio is 16.87%.

Institutional Trading of Rush Enterprises

Several institutional investors have recently made changes to their positions in RUSHA. Root Financial Partners LLC lifted its holdings in Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Rush Enterprises by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock worth $966,000 after acquiring an additional 200 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Rush Enterprises by 0.4% during the second quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock worth $2,955,000 after acquiring an additional 208 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Rush Enterprises by 44.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company’s stock valued at $40,000 after acquiring an additional 230 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Rush Enterprises by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company’s stock valued at $1,897,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

RUSHA has been the subject of a number of recent research reports. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. UBS Group lifted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wolfe Research began coverage on shares of Rush Enterprises in a report on Monday, April 27th. They issued an “outperform” rating and a $88.00 target price for the company. Finally, Stephens raised their target price on shares of Rush Enterprises from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Rush Enterprises currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Rush Enterprises News Roundup

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises’ price target was raised to $95, implying additional upside from recent trading levels and providing a positive catalyst for RUSHA. Rush Enterprises Price Target Raised to $95.00
• Neutral Sentiment: Multiple insider transactions were disclosed in SEC filings for sales executed between July 30 and August 3. The filings show executives retained meaningful ownership stakes after the transactions, so the sales may reflect portfolio diversification or scheduled selling rather than a definitive change in the company’s outlook. Rush Enterprises Insider Transaction Filing
• Negative Sentiment: Rush Enterprises’ CEO William M. Rusty Rush sold 78,750 shares for approximately $6.38 million, reducing his holdings by about 33% across the reported transactions. CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, while SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined insider sales totaled about $8.56 million and could create near-term concerns about insider conviction. Rush Enterprises CEO Insider Sale Filing

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.