Marine Products - MPX Stock Forecast, Price & News

Marine Products' stock was trading at $11.77 at the beginning of 2023. Since then, MPX shares have increased by 6.2% and is now trading at $12.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our MPX earnings forecast.

Marine Products Co. (NYSE:MPX) issued its quarterly earnings data on Wednesday, October, 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $75.84 million for the quarter. Marine Products had a net margin of 10.59% and a trailing twelve-month return on equity of 35.85%.

Marine Products declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Friday, February 10th will be given a dividend of $0.14 per share on Friday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, February 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 4.49%. MPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.
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."

Marine Products' stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.69%), Gamco Investors INC. ET AL (1.65%), Teton Advisors Inc. (1.14%), Gabelli Funds LLC (0.69%), Russell Investments Group Ltd. (0.54%) and Millennium Management LLC (0.21%).
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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 $12.50.

Marine Products (NYSE:MPX) has a market capitalization of $430.50 million and generates $380.99 million in revenue each year. The company earns $40.35 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 880 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.