Hotchkis & Wiley Capital Management LLC Boosts Stock Holdings in Methode Electronics, Inc. $MEI

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Methode Electronics, Inc. by 29.1%, owning 1,553,250 shares worth approximately $9.91 million.
• Wall Street analysts have downgraded Methode Electronics from a "hold" rating to a "sell" rating, and the company has an average rating of "Moderate Buy" with a consensus price target of $10.50.
• Methode Electronics reported a loss of ($0.77) per share, which missed the consensus estimate, and announced a quarterly dividend of $0.07, representing a dividend yield of 3.7%.

Hotchkis & Wiley Capital Management LLC boosted its stake in Methode Electronics, Inc. (NYSE:MEI - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,553,250 shares of the electronics maker's stock after purchasing an additional 349,890 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 4.35% of Methode Electronics worth $9,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in shares of Methode Electronics by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 22,231 shares of the electronics maker's stock worth $262,000 after purchasing an additional 4,574 shares during the last quarter. Barclays PLC grew its holdings in Methode Electronics by 42.1% during the 4th quarter. Barclays PLC now owns 181,716 shares of the electronics maker's stock valued at $2,143,000 after buying an additional 53,799 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Methode Electronics by 284.6% during the 4th quarter. Hsbc Holdings PLC now owns 128,323 shares of the electronics maker's stock valued at $1,491,000 after buying an additional 94,956 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Methode Electronics by 30.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 43,763 shares of the electronics maker's stock worth $516,000 after acquiring an additional 10,283 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Methode Electronics during the 4th quarter worth approximately $32,000. Institutional investors own 95.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Methode Electronics from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.50.

Methode Electronics Price Performance

NYSE:MEI opened at $7.5010 on Monday. The firm has a market capitalization of $264.09 million, a price-to-earnings ratio of -4.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.40 and a quick ratio of 1.57. The business has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $7.63. Methode Electronics, Inc. has a 1 year low of $5.08 and a 1 year high of $17.45.

Methode Electronics (NYSE:MEI - Get Free Report) last released its earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.80). The company had revenue of $257,100 billion for the quarter, compared to the consensus estimate of $228.75 million. Methode Electronics had a negative net margin of 5.97% and a negative return on equity of 5.60%. During the same period in the prior year, the firm posted ($0.23) EPS. Methode Electronics has set its FY 2026 guidance at EPS. Equities analysts forecast that Methode Electronics, Inc. will post -0.4 EPS for the current year.

Methode Electronics Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Monday, July 21st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, July 21st. Methode Electronics's dividend payout ratio (DPR) is -15.73%.

Methode Electronics 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.

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