William Rusty Rush Sells 71,574 Shares of Rush Enterprises (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CEO William Rusty Rush sold 71,574 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.05, for a total value of $5,801,072.70. Following the completion of the sale, the chief executive officer directly owned 174,154 shares of the company’s stock, valued at approximately $14,115,181.70. The trade was a 29.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rush Enterprises Price Performance

Shares of RUSHA opened at $82.76 on Wednesday. The business has a 50-day moving average of $73.07 and a 200-day moving average of $70.28. 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 company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.87. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $83.50.

Shares of Rush Enterprises are going 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 market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last released 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. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. As a group, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.75 earnings per share for the current year.

Rush Enterprises Cuts Dividend

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

Wall Street Analyst Weigh In

RUSHA has been the topic of several research analyst reports. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wolfe Research initiated coverage on Rush Enterprises in a research note on Monday, April 27th. They issued an “outperform” rating and a $88.00 target price for the company. Stephens boosted their target price on Rush Enterprises from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group upped their price target on Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Key Stories Impacting Rush Enterprises

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUSHA. Root Financial Partners LLC grew its holdings in shares of Rush Enterprises by 75.4% during the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after acquiring an additional 431 shares during the last quarter. Private Trust Co. NA lifted its position in Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $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 in the 3rd quarter valued at about $34,000. Finally, Allworth Financial LP boosted its stake in Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 637 shares during the last quarter. 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.