Metaldyne Performance Group Inc. (NYSE:MPG)’s share price was up 6% on Friday . The company traded as high as $14.34 and last traded at $14.23, with a volume of 57,139 shares traded. The stock had previously closed at $13.42.

A number of equities analysts have weighed in on MPG shares. Zacks Investment Research upgraded shares of Metaldyne Performance Group from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, June 29th. KeyCorp reiterated a “buy” rating on shares of Metaldyne Performance Group in a research report on Sunday, July 3rd. Robert W. Baird reiterated a “hold” rating on shares of Metaldyne Performance Group in a research report on Sunday, May 8th. Bank of America Corp. lowered shares of Metaldyne Performance Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Finally, Royal Bank Of Canada lowered shares of Metaldyne Performance Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $18.00 to $14.00 in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Metaldyne Performance Group has a consensus rating of “Hold” and an average price target of C$17.63.

The firm’s 50 day moving average price is $15.40 and its 200 day moving average price is $15.04. The company has a market cap of $969.62 million and a price-to-earnings ratio of 8.46.

Metaldyne Performance Group (NYSE:MPG) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.15. The business had revenue of $739.50 million for the quarter, compared to analyst estimates of $713.05 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that Metaldyne Performance Group Inc. will post $1.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th were given a dividend of $0.0925 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $0.37 annualized dividend and a dividend yield of 2.59%. This is a positive change from Metaldyne Performance Group’s previous quarterly dividend of $0.09.

Other institutional investors have modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of Metaldyne Performance Group during the fourth quarter valued at about $1,123,000. Century Capital Management LLC increased its position in shares of Metaldyne Performance Group by 5.9% in the fourth quarter. Century Capital Management LLC now owns 249,567 shares of the company’s stock valued at $4,577,000 after buying an additional 13,979 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Metaldyne Performance Group by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 455,372 shares of the company’s stock valued at $8,351,000 after buying an additional 19,068 shares in the last quarter. Jennison Associates LLC increased its position in shares of Metaldyne Performance Group by 42.1% in the fourth quarter. Jennison Associates LLC now owns 795,183 shares of the company’s stock valued at $14,584,000 after buying an additional 235,410 shares in the last quarter. Finally, Russell Frank Co increased its position in shares of Metaldyne Performance Group by 13.5% in the fourth quarter. Russell Frank Co now owns 1,163,359 shares of the company’s stock valued at $21,754,000 after buying an additional 138,040 shares in the last quarter.

Metaldyne Performance Group Inc provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Company produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers.

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