William Rusty Rush Sells 7,176 Shares of Rush Enterprises (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CEO William Rusty Rush sold 7,176 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $80.76, for a total value of $579,533.76. Following the completion of the sale, the chief executive officer owned 174,154 shares in the company, valued at $14,064,677.04. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rush Enterprises Trading Up 2.2%

Shares of RUSHA stock opened at $82.76 on Wednesday. Rush Enterprises, Inc. has a 1-year low of $45.67 and a 1-year high of $83.50. The company has a current ratio of 1.45, a quick ratio of 0.38 and a debt-to-equity ratio of 0.16. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.79 and a beta of 0.87. The stock has a 50-day moving average of $73.07 and a 200-day moving average of $70.28.

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

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

Rush Enterprises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th will be given a $0.14 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. Rush Enterprises’s payout ratio is 22.89%.

Rush Enterprises News Roundup

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

• Positive Sentiment: An analyst price target was raised to $95, suggesting further potential upside and reinforcing the stock’s consensus “Moderate Buy” rating. The average analyst target is approximately $87. Rush Enterprises Price Target Raised to $95.00
• Positive Sentiment: Rush Enterprises recently exceeded quarterly expectations, reporting $0.91 in earnings per share versus the $0.86 consensus estimate, while revenue of $1.90 billion slightly topped forecasts. The results support the company’s earnings outlook, with analysts expecting about $3.75 in full-year EPS.
• Neutral Sentiment: A previously announced 3-for-2 stock split is scheduled before the market opens on August 11, with shares distributed after the August 10 market close. The split does not change the company’s underlying value but may improve trading accessibility.
• Negative Sentiment: Rush Enterprises insiders reported substantial selling: CEO William M. Rusty Rush sold 78,750 shares for about $6.38 million, CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, and SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined sales totaled about $8.56 million and reduced the executives’ holdings, potentially weighing on investor sentiment. Each executive retained a meaningful stake after the transactions. Rush Enterprises Insider Sale Filing

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Wolfe Research initiated coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target on the stock. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. UBS Group lifted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Institutional Trading of Rush Enterprises

Several large investors have recently modified their holdings of RUSHA. Root Financial Partners LLC increased its stake in shares of Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after acquiring an additional 431 shares during the period. Private Trust Co. NA boosted its stake in Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after acquiring an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Rush Enterprises during the third quarter worth $34,000. Finally, Allworth Financial LP grew its holdings in Rush Enterprises by 5,790.9% in the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

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.