Vaughan Nelson Investment Management L.P. Buys Shares of 1,332,550 Mirion Technologies, Inc. $MIR

Vaughan Nelson Investment Management L.P. purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,332,550 shares of the company’s stock, valued at approximately $31,208,000. Vaughan Nelson Investment Management L.P. owned 0.53% of Mirion Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MIR. Advisory Services Network LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new position in Mirion Technologies during the third quarter valued at $26,000. Salomon & Ludwin LLC purchased a new position in Mirion Technologies during the third quarter valued at $30,000. Fortress Investment Group LLC bought a new stake in Mirion Technologies during the second quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its position in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after buying an additional 1,354 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE:MIR opened at $17.34 on Tuesday. The stock has a 50-day moving average price of $21.98 and a 200 day moving average price of $23.81. The stock has a market capitalization of $4.34 billion, a P/E ratio of 157.68 and a beta of 0.99. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business had revenue of $277.40 million during the quarter, compared to the consensus estimate of $281.17 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MIR shares. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup reduced their target price on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley decreased their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.25.

About Mirion Technologies

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.