Marine Products (MPX) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marine Products in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MPX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPX, but not buy additional shares or sell existing shares.
View MPX analyst ratings or view top-rated stocks.

1 analysts have issued 12-month target prices for Marine Products' stock. Their MPX share price forecasts range from $16.00 to $16.00. On average, they predict the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
View analysts price targets for MPX or view top-rated stocks among Wall Street analysts.

Marine Products' stock was trading at $11.77 at the beginning of 2023. Since then, MPX stock has increased by 20.3% and is now trading at $14.16.
View the best growth stocks for 2023 here.

Marine Products saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 317,800 shares, an increase of 50.3% from the August 31st total of 211,400 shares. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is currently 5.9 days. Currently, 3.0% of the company's shares are short sold.
View Marine Products' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our MPX earnings forecast.

Marine Products Co. (NYSE:MPX) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $0.42 earnings per share (EPS) for the quarter. The business earned $116.16 million during the quarter. Marine Products had a net margin of 11.09% and a trailing twelve-month return on equity of 38.06%.

Marine Products announced a quarterly dividend on Wednesday, July 26th. Investors of record on Thursday, August 10th will be paid a dividend of $0.14 per share on Monday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for MPX.

Marine Products (NYSE:MPX) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.94%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPX will have a dividend payout ratio of 43.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MPX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marine Products investors own include Weyerhaeuser (WY), KeyCorp (KEY), Altria Group (MO), NVIDIA (NVDA), Exxon Mobil (XOM), Freeport-McMoRan (FCX), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F) and Foot Locker (FL).

Marine Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPX."

Shares of MPX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MPX stock can currently be purchased for approximately $14.16.

Marine Products (NYSE:MPX) has a market capitalization of $488.10 million and generates $380.99 million in revenue each year. The company earns $40.35 million in net income (profit) each year or $1.45 on an earnings per share basis.

The company employs 935 workers across the globe.

Marine Products' mailing address is 2801 BUFORD HIGHWAY NE SUITE 300, ATLANTA GA, 30329. The official website for the company is www.marineproductscorp.com. The company can be reached via phone at (404) 321-7910, via email at jlanders@marineproductscorp.com, or via fax at 404-321-5483.