DA Davidson Weighs in on Marine Products Q1 Earnings

Marine Products Co. (NYSE:MPX - Free Report) - Investment analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Marine Products in a note issued to investors on Friday, February 14th. DA Davidson analyst B. Rolle forecasts that the company will earn $0.08 per share for the quarter. The consensus estimate for Marine Products' current full-year earnings is $0.40 per share. DA Davidson also issued estimates for Marine Products' FY2026 earnings at $0.50 EPS.

Separately, StockNews.com upgraded shares of Marine Products from a "hold" rating to a "buy" rating in a report on Friday, January 31st.

Marine Products Stock Down 0.8 %

Shares of MPX stock traded down $0.07 on Monday, hitting $8.66. The stock had a trading volume of 22,722 shares, compared to its average volume of 35,255. Marine Products has a one year low of $8.54 and a one year high of $12.47. The business has a 50 day moving average price of $9.14 and a 200 day moving average price of $9.42. The company has a market cap of $300.59 million, a PE ratio of 17.67 and a beta of 1.23.

Marine Products (NYSE:MPX - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Marine Products had a return on equity of 13.08% and a net margin of 7.55%.

Marine Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Monday, February 10th. Marine Products's dividend payout ratio (DPR) is currently 114.29%.

Hedge Funds Weigh In On Marine Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Marine Products by 198.2% in the 3rd quarter. FMR LLC now owns 8,353 shares of the company's stock worth $81,000 after buying an additional 5,552 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Marine Products by 661.6% in the third quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company's stock worth $199,000 after purchasing an additional 17,831 shares during the last quarter. De Lisle Partners LLP grew its holdings in Marine Products by 44.8% in the third quarter. De Lisle Partners LLP now owns 297,992 shares of the company's stock worth $2,901,000 after purchasing an additional 92,181 shares during the last quarter. Barclays PLC increased its position in shares of Marine Products by 173.0% during the third quarter. Barclays PLC now owns 12,050 shares of the company's stock worth $116,000 after purchasing an additional 7,636 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Marine Products by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 240,735 shares of the company's stock valued at $2,333,000 after purchasing an additional 8,527 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company's stock.

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.