Marine Products Co. (NYSE:MPX - Free Report) - Equities researchers at DA Davidson decreased their FY2024 earnings per share (EPS) estimates for Marine Products in a research note issued to investors on Tuesday, April 30th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings of $0.60 per share for the year, down from their previous forecast of $0.95. The consensus estimate for Marine Products' current full-year earnings is $0.95 per share.
Marine Products Price Performance
Shares of NYSE:MPX traded up $0.29 during trading hours on Thursday, hitting $11.38. 61,065 shares of the company's stock traded hands, compared to its average volume of 51,984. The firm has a market capitalization of $394.66 million, a P/E ratio of 11.27 and a beta of 1.26. The business has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.85. Marine Products has a 1 year low of $9.18 and a 1 year high of $17.81.
Marine Products Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 4.92%. Marine Products's dividend payout ratio is currently 55.45%.
Institutional Trading of Marine Products
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new position in shares of Marine Products in the 4th quarter valued at $72,000. Barclays PLC boosted its holdings in Marine Products by 161.1% in the 3rd quarter. Barclays PLC now owns 6,076 shares of the company's stock worth $86,000 after buying an additional 3,749 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Marine Products in the 4th quarter worth approximately $155,000. Triumph Capital Management purchased a new position in Marine Products in the 4th quarter worth approximately $155,000. Finally, Quadrature Capital Ltd purchased a new position in Marine Products in the 3rd quarter worth approximately $170,000. Hedge funds and other institutional investors own 13.86% of the company's stock.
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.
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