Rush Enterprises (NASDAQ:RUSHA) SVP Michael Goldstone Sells 2,100 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Michael Goldstone sold 2,100 shares of Rush Enterprises stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.30, for a total transaction of $170,730.00. Following the completion of the transaction, the senior vice president directly owned 12,590 shares in the company, valued at $1,023,567. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rush Enterprises Stock Up 1.5%

RUSHA stock opened at $80.96 on Tuesday. Rush Enterprises, Inc. has a 12 month low of $45.67 and a 12 month high of $83.50. The firm has a market cap of $6.29 billion, a PE ratio of 24.39, a P/E/G ratio of 1.77 and a beta of 0.89. The firm has a 50 day simple moving average of $72.82 and a 200 day simple moving average of $70.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38.

Rush Enterprises shares are set to split before the market opens on Tuesday, August 11th. The 3-2 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Monday, August 10th.

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

Rush Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. Rush Enterprises’s dividend payout ratio (DPR) is currently 16.87%.

Institutional Investors Weigh In On Rush Enterprises

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC grew its stake in Rush Enterprises by 166.4% during the 1st quarter. Jennison Associates LLC now owns 1,121,450 shares of the company’s stock valued at $74,139,000 after acquiring an additional 700,511 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Enterprises by 174.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 955,989 shares of the company’s stock worth $51,566,000 after purchasing an additional 607,047 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Rush Enterprises in the fourth quarter worth approximately $25,811,000. Millennium Management LLC boosted its holdings in shares of Rush Enterprises by 280.4% during the third quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock worth $28,924,000 after purchasing an additional 398,721 shares during the period. Finally, Cooke & Bieler LP boosted its holdings in shares of Rush Enterprises by 85.0% during the fourth quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock worth $39,336,000 after purchasing an additional 335,019 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RUSHA has been the subject of several analyst reports. Wolfe Research began coverage on Rush Enterprises in a report on Monday, April 27th. They set an “outperform” rating and a $88.00 target price for the company. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. UBS Group boosted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, April 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. Finally, Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. 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, Rush Enterprises currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Key Stories Impacting Rush Enterprises

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.