Nisa Investment Advisors LLC maintained its position in shares of Methode Electronics, Inc. (NYSE:MEI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,670 shares of the electronics maker’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Methode Electronics were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in shares of Methode Electronics during the second quarter valued at approximately $122,000. O Shaughnessy Asset Management LLC raised its position in shares of Methode Electronics by 3.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,847 shares of the electronics maker’s stock valued at $130,000 after buying an additional 90 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Methode Electronics during the first quarter valued at approximately $135,000. Victory Capital Management Inc. raised its position in shares of Methode Electronics by 9.4% in the first quarter. Victory Capital Management Inc. now owns 3,029 shares of the electronics maker’s stock valued at $138,000 after buying an additional 260 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Methode Electronics by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 4,060 shares of the electronics maker’s stock valued at $185,000 after buying an additional 60 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Methode Electronics, Inc. (NYSE MEI) traded down 2.11% during trading on Friday, hitting $37.20. The stock had a trading volume of 126,379 shares. The stock has a market capitalization of $1.37 billion, a PE ratio of 15.00 and a beta of 0.76. Methode Electronics, Inc. has a 52-week low of $29.85 and a 52-week high of $46.40. The stock’s 50-day moving average is $40.18 and its 200-day moving average is $41.86.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, June 22nd. The electronics maker reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Methode Electronics had a return on equity of 18.81% and a net margin of 11.38%. The company had revenue of $219.70 million during the quarter, compared to analysts’ expectations of $214.39 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Methode Electronics, Inc. will post $2.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, July 12th. Methode Electronics’s payout ratio is 14.52%.

COPYRIGHT VIOLATION WARNING: “Nisa Investment Advisors LLC Has $469,000 Stake in Methode Electronics, Inc. (MEI)” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/08/11/nisa-investment-advisors-llc-has-469000-stake-in-methode-electronics-inc-mei.html.

MEI has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $49.00 price objective on shares of Methode Electronics in a research report on Wednesday, June 28th. Zacks Investment Research lowered Methode Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub lowered Methode Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Robert W. Baird reaffirmed an “outperform” rating and issued a $47.00 price target (down previously from $51.00) on shares of Methode Electronics in a research report on Monday, June 19th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Methode Electronics in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.00.

Methode Electronics Company Profile

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

Want to see what other hedge funds are holding MEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Methode Electronics, Inc. (NYSE:MEI).

Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

Receive News & Ratings for Methode Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.