NYSE:MPX

Marine Products Stock Forecast, Price & News

$16.62

+0.19 (+1.16 %)

(As of 11/27/2020 12:00 AM ET)

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Today's Range

$15.96

Now: $16.62▼

$16.71

50-Day Range

$15.22

MA: $16.84▼

$18.01

52-Week Range

$6.77

Now: $16.62▼

$22.61

Volume13,718 shs

Average Volume48,526 shs

Market Capitalization$562.90 million

P/E Ratio36.13

Dividend Yield1.95%

Beta1.27

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, jet boat, and sport fishing markets worldwide. It offers Chaparral sterndrive pleasure boats, including SSi Sport, Ski and Fish Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats within the SSi and SSX, SunCoast, and OSX Sport Luxury models; Robalo outboard sport fishing boats; and Vortex jet boats under the Chaparral brand name. The company also provides center consoles, dual consoles, and Cayman Bay Boats under the Robalo brand name. It sells its products to a network of 195 domestic and 93 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Marine Products has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, Marine Products has a forecasted upside of 2.3% from its current price of $16.62.
Amount of Analyst Coverage
Marine Products has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Marine Products has received 228 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Marine Products has received 284 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Marine Products has received 55.47% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Marine Products and other stocks. Vote “Outperform” if you believe MPX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MPX will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Marine Products pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marine Products has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Marine Products is 38.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Marine Products will have a dividend payout ratio of 39.51% next year. This indicates that Marine Products will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marine Products insiders have not sold or bought any company stock.
Percentage Held by Insiders
79.10% of the stock of Marine Products is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 13.69% of the stock of Marine Products is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Marine Products are expected to grow by 50.00% in the coming year, from $0.54 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marine Products is 36.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marine Products is 36.13, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 57.24.
Price to Book Value per Share Ratio
Marine Products has a P/B Ratio of 6.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.97 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Ship & boat building & repairing

Sub-IndustryLeisure Products

SectorConsumer Discretionary

Current SymbolNYSE:MPX

Previous Symbol

CUSIP56842710

CIK1129155

Webwww.marineproductscorp.com

Phone404-321-7910

Employees673

Debt

Debt-to-Equity RatioN/A

Current Ratio3.27

Quick Ratio1.46

Price-To-Earnings

Trailing P/E Ratio36.13

Forward P/E Ratio30.78

P/E GrowthN/A

Sales & Book Value

Annual Sales$292.14 million

Price / Sales1.93

Cash Flow$0.85 per share

Price / Cash Flow19.62

Book Value$2.38 per share

Price / Book6.98

Profitability

EPS (Most Recent Fiscal Year)$0.83

Net Income$28.24 million

Net Margins7.37%

Return on Equity20.55%

Return on Assets14.44%

Miscellaneous

Outstanding Shares33,869,000

Market Cap$562.90 million

Next Earnings Date2/3/2021 (Estimated)

OptionableOptionable

$16.62

+0.19 (+1.16 %)

(As of 11/27/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Marine Products (NYSE:MPX) Frequently Asked Questions

How has Marine Products' stock been impacted by COVID-19?

Marine Products' stock was trading at $10.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MPX stock has increased by 64.7% and is now trading at $16.62.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Marine Products?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marine Products in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Marine Products or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Marine Products?

Wall Street analysts have given Marine Products a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Marine Products wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Marine Products' next earnings date?

Marine Products is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Marine Products.

How were Marine Products' earnings last quarter?

Marine Products Co. (NYSE:MPX) posted its quarterly earnings results on Wednesday, October, 28th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.02. The firm earned $68.78 million during the quarter, compared to analysts' expectations of $72.59 million. Marine Products had a net margin of 7.37% and a return on equity of 20.55%.
View Marine Products' earnings history.

How often does Marine Products pay dividends? What is the dividend yield for Marine Products?

Marine Products announced a None dividend on Wednesday, October 28th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.12 per share on Thursday, December 10th. This represents a yield of 2%. The ex-dividend date is Monday, November 9th.
View Marine Products' dividend history.

What price target have analysts set for MPX?

1 equities research analysts have issued 12 month target prices for Marine Products' stock. Their forecasts range from $17.00 to $17.00. On average, they expect Marine Products' share price to reach $17.00 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
View analysts' price targets for Marine Products.

Who are some of Marine Products' key competitors?

Some companies that are related to Marine Products include Hasbro (HAS), Brunswick (BC), Polaris (PII), Mattel (MAT), Callaway Golf (ELY), Sturm, Ruger & Company, Inc. (RGR), Johnson Outdoors (JOUT) and JAKKS Pacific (JAKK).
View all competitors.

What other stocks do shareholders of Marine Products own?

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).

Who are Marine Products' key executives?

Marine Products' management team includes the following people:

Mr. Richard A. Hubbell, Pres, CEO & Director (Age 75, Pay $950k)
Mr. Ben M. Palmer, VP, CFO, Treasurer & Corp. Sec. (Age 60, Pay $675k)
Mr. James C. Landers, VP of Corp. Fin.
Ms. Sharon A. Lennon, Mang. of Investor Relations & Corp. Communications

What is Marine Products' stock symbol?

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

Who are Marine Products' major shareholders?

Marine Products' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (2.11%), BlackRock Inc. (1.71%), Teton Advisors Inc. (1.42%), Gabelli Funds LLC (0.74%), Charles Schwab Investment Management Inc. (0.43%) and State Street Corp (0.42%).
View institutional ownership trends for Marine Products.

Which major investors are selling Marine Products stock?

MPX stock was sold by a variety of institutional investors in the last quarter, including Teton Advisors Inc., Gamco Investors INC. ET AL, Gabelli Funds LLC, State Street Corp, WINTON GROUP Ltd, Denali Advisors LLC, and O Shaughnessy Asset Management LLC.
View insider buying and selling activity for Marine Products.

Which major investors are buying Marine Products stock?

MPX stock was purchased by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., Victory Capital Management Inc., Arrowstreet Capital Limited Partnership, Raymond James Financial Services Advisors Inc., BlackRock Inc., Aptus Capital Advisors LLC, and Acadian Asset Management LLC.
View insider buying and selling activity for Marine Products.

How do I buy shares of Marine Products?

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

What is Marine Products' stock price today?

One share of MPX stock can currently be purchased for approximately $16.62.

How big of a company is Marine Products?

Marine Products has a market capitalization of $562.90 million and generates $292.14 million in revenue each year. The company earns $28.24 million in net income (profit) each year or $0.83 on an earnings per share basis. Marine Products employs 673 workers across the globe.

What is Marine Products' official website?

The official website for Marine Products is www.marineproductscorp.com.

How can I contact Marine Products?

Marine Products' mailing address is 2801 BUFORD HIGHWAY NE SUITE 300, ATLANTA GA, 30329. The company can be reached via phone at 404-321-7910 or via email at [email protected]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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