Mistras Group (NYSE:MG) Hits New 12-Month High - Should You Buy?

Key Points

• 52-week high: Mistras Group shares hit a new 52-week high of $17.25 and last traded at $17.125 on notable volume.
• Analyst outlook: The consensus rating is "Buy" (one Strong Buy, one Hold) but the average price target is $16.00, below the current share price.
• Fundamentals & ownership: The company beat quarterly expectations with $0.25 EPS vs $0.20 expected and $181.46M revenue, has a PE of ~32.3, and about 74.9% institutional ownership with recent large purchases.

Mistras Group Inc (NYSE:MG - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $17.25 and last traded at $17.1250, with a volume of 175584 shares traded. The stock had previously closed at $16.70.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MG. Zacks Research raised shares of Mistras Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Mistras Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.00.

Mistras Group Stock Up 2.5%

The company's 50-day moving average is $14.91 and its 200 day moving average is $12.97. The company has a market capitalization of $544.92 million, a PE ratio of 32.31, a P/E/G ratio of 0.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74.

Mistras Group (NYSE:MG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. The company had revenue of $181.46 million for the quarter, compared to the consensus estimate of $176.27 million. As a group, analysts anticipate that Mistras Group Inc will post 0.71 EPS for the current year.

Institutional Trading of Mistras Group

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Mistras Group by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,667,846 shares of the technology company's stock valued at $21,098,000 after acquiring an additional 34,519 shares during the period. Weber Capital Management LLC ADV bought a new position in Mistras Group during the 4th quarter valued at about $18,749,000. Royce & Associates LP lifted its stake in Mistras Group by 5.8% during the 4th quarter. Royce & Associates LP now owns 1,421,087 shares of the technology company's stock valued at $17,977,000 after acquiring an additional 78,340 shares during the period. IES Holdings Inc. bought a new position in Mistras Group during the 4th quarter valued at about $13,660,000. Finally, Acuitas Investments LLC lifted its stake in Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company's stock valued at $6,332,000 after acquiring an additional 219,421 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company's offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.

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