Marine Products Corporation (MPX) Receiving Somewhat Positive News Coverage, Analysis Finds
Media stories about Marine Products Corporation (NYSE:MPX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marine Products Corporation earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.9283527274426 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $12.00 price target on shares of Marine Products Corporation in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Marine Products Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Ifs Securities reiterated a “market perform” rating on shares of Marine Products Corporation in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Marine Products Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, BidaskClub cut shares of Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Marine Products Corporation presently has an average rating of “Hold” and an average price target of $12.50.
Marine Products Corporation (MPX) traded up 2.50% on Friday, reaching $15.99. 24,880 shares of the company’s stock were exchanged. Marine Products Corporation has a one year low of $8.76 and a one year high of $16.25. The firm has a 50 day moving average price of $14.93 and a 200 day moving average price of $13.43. The firm has a market cap of $557.78 million, a PE ratio of 29.61 and a beta of 0.32.
Marine Products Corporation (NYSE:MPX) last issued its earnings results on Wednesday, July 26th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Marine Products Corporation had a return on equity of 25.69% and a net margin of 7.60%. The business had revenue of $71.48 million during the quarter, compared to the consensus estimate of $73.33 million. On average, equities analysts anticipate that Marine Products Corporation will post $0.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, August 8th. Marine Products Corporation’s dividend payout ratio (DPR) is presently 51.85%.
In related news, Director Pam R. Rollins bought 6,070 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $14.90 per share, with a total value of $90,443.00. Following the purchase, the director now directly owns 1,104 shares of the company’s stock, valued at $16,449.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pam R. Rollins bought 3,930 shares of the business’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $15.14 per share, with a total value of $59,500.20. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $151,400. The disclosure for this purchase can be found here. 77.90% of the stock is owned by company insiders.
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About Marine Products Corporation
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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