Marine Products Co. (NYSE:MPX - Free Report) - Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Marine Products in a research report issued on Tuesday, April 30th. DA Davidson analyst B. Rolle forecasts that the company will post earnings of $0.14 per share for the quarter. The consensus estimate for Marine Products' current full-year earnings is $0.95 per share. DA Davidson also issued estimates for Marine Products' FY2025 earnings at $0.75 EPS.
Marine Products Stock Performance
Shares of MPX traded up $0.37 during mid-day trading on Wednesday, hitting $11.12. 74,933 shares of the stock were exchanged, compared to its average volume of 51,877. The company has a market cap of $385.64 million, a PE ratio of 11.01 and a beta of 1.26. Marine Products has a 52-week low of $9.18 and a 52-week high of $17.81. The firm has a 50-day moving average of $10.98 and a two-hundred day moving average of $10.85.
Hedge Funds Weigh In On Marine Products
Several hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new position in shares of Marine Products in the fourth quarter worth about $72,000. Barclays PLC lifted its position in Marine Products by 161.1% during the third quarter. Barclays PLC now owns 6,076 shares of the company's stock worth $86,000 after buying an additional 3,749 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Marine Products in the fourth quarter valued at $155,000. Triumph Capital Management purchased a new stake in shares of Marine Products in the 4th quarter valued at $155,000. Finally, Quadrature Capital Ltd acquired a new position in Marine Products during the 3rd quarter worth $170,000. Institutional investors own 13.86% of the company's stock.
Marine Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.56 annualized dividend and a yield of 5.04%. Marine Products's payout ratio is presently 55.45%.
Marine Products Company Profile
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Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.
Further Reading
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