Charles Schwab Investment Management Inc. Boosts Stock Position in Methode Electronics, Inc. $MEI

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Methode Electronics, Inc. by 25.3%, acquiring an additional 95,938 shares to total 475,354 shares, valued at approximately $3.03 million.
• Methode Electronics recently reported a loss of ($0.77) earnings per share for the last quarter, significantly missing analysts' expectations of $0.03, while also experiencing a negative net margin of 5.97%.
• The company declared a quarterly dividend of $0.07 per share, resulting in an annualized dividend yield of 3.6%, despite a negative dividend payout ratio of -15.73%.

Charles Schwab Investment Management Inc. increased its position in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,354 shares of the electronics maker's stock after acquiring an additional 95,938 shares during the period. Charles Schwab Investment Management Inc. owned about 1.33% of Methode Electronics worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MEI. Quarry LP bought a new stake in Methode Electronics in the 4th quarter valued at $32,000. Virtus Fund Advisers LLC bought a new position in shares of Methode Electronics in the 4th quarter worth $38,000. GAMMA Investing LLC boosted its position in shares of Methode Electronics by 1,817.4% in the 1st quarter. GAMMA Investing LLC now owns 7,056 shares of the electronics maker's stock worth $45,000 after purchasing an additional 6,688 shares during the last quarter. Cerity Partners LLC bought a new position in Methode Electronics during the first quarter worth about $79,000. Finally, PharVision Advisers LLC bought a new stake in shares of Methode Electronics in the fourth quarter valued at about $120,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Methode Electronics from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.50.

Methode Electronics Stock Down 8.6%

Shares of NYSE MEI traded down $0.66 during trading on Thursday, hitting $7.00. 682,537 shares of the company traded hands, compared to its average volume of 398,138. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.40. Methode Electronics, Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $17.45. The business's fifty day moving average is $7.44 and its 200 day moving average is $7.50. The firm has a market capitalization of $246.29 million, a price-to-earnings ratio of -3.93 and a beta of 1.07.

Methode Electronics (NYSE:MEI - Get Free Report) last issued its earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.80). The firm had revenue of $257.10 million for the quarter, compared to analyst estimates of $228.75 million. Methode Electronics had a negative return on equity of 5.60% and a negative net margin of 5.97%.During the same period in the previous year, the company earned ($0.23) earnings per share. Methode Electronics has set its FY 2026 guidance at EPS. Equities research analysts predict that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Monday, July 21st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, July 21st. Methode Electronics's payout ratio is currently -15.73%.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.