Marine Products Co. (NYSE:MPX – Free Report) – Stock analysts at DA Davidson dropped their FY2024 EPS estimates for shares of Marine Products in a research note issued on Tuesday, April 30th. DA Davidson analyst B. Rolle now forecasts that the company will post earnings per share of $0.60 for the year, down from their prior estimate of $0.95. The consensus estimate for Marine Products’ current full-year earnings is $0.60 per share.
Marine Products Trading Up 0.7 %
Shares of Marine Products stock opened at $11.46 on Thursday. The firm has a market capitalization of $397.43 million, a PE ratio of 11.35 and a beta of 1.26. Marine Products has a twelve month low of $9.18 and a twelve month high of $17.81. The firm’s 50-day moving average price is $11.02 and its 200 day moving average price is $10.84.
Marine Products Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MPX. Strs Ohio lifted its stake in Marine Products by 19.5% in the 3rd quarter. Strs Ohio now owns 37,400 shares of the company’s stock worth $531,000 after purchasing an additional 6,100 shares in the last quarter. Barclays PLC grew its position in Marine Products by 161.1% in the third quarter. Barclays PLC now owns 6,076 shares of the company’s stock worth $86,000 after acquiring an additional 3,749 shares during the period. Swiss National Bank acquired a new stake in shares of Marine Products during the 3rd quarter worth about $323,000. Janney Montgomery Scott LLC acquired a new stake in shares of Marine Products during the third quarter valued at about $367,000. Finally, Acadian Asset Management LLC raised its position in Marine Products by 7.8% in the third quarter. Acadian Asset Management LLC now owns 52,598 shares of the company’s stock valued at $745,000 after purchasing an additional 3,803 shares during the period. 13.86% of the stock is owned by hedge funds and other institutional investors.
Marine Products Company Profile
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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