Marine Products (MPX) Stock Price, News & Analysis

Company Overview

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. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of domestic and international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products Corporation operates as a subsidiary of LOR, Inc.

Key Stats

• Today's Range: $9.47 to $9.81
• 50-Day Range: $9.10 to $10.16
• 52-Week Range: $8.86 to $12.47
• Volume: 35,227 shs
• Average Volume: 29,108 shs
• Market Capitalization: $331.83 million
• P/E Ratio: 18.04
• Dividend Yield: 5.86%
• Price Target: $8.00
• Consensus Rating: Hold

Marine Products Stock Analysis - MarketRank™

Marine Products scored higher than 57% of companies evaluated by MarketBeat, and ranked 173rd out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Marine Products has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Marine Products has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.00%

Earnings Growth

Earnings for Marine Products are expected to grow by 25.00% in the coming year, from $0.40 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Marine Products is 18.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Marine Products is 18.04, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.66.

Price to Book Value per Share Ratio

Marine Products has a P/B Ratio of 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.28% of the float of Marine Products has been sold short.

Short Interest Ratio / Days to Cover

Marine Products has a short interest ratio ("days to cover") of 8.4.

Change versus previous month

Short interest in Marine Products has recently decreased by 8.84%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Marine Products is a leading dividend payer. It pays a dividend yield of 5.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Marine Products does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Marine Products is 105.66%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Marine Products will have a dividend payout ratio of 112.00% in the coming year. This indicates that Marine Products may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.28% of the float of Marine Products has been sold short.

Short Interest Ratio / Days to Cover

Marine Products has a short interest ratio ("days to cover") of 8.4.

Change versus previous month

Short interest in Marine Products has recently decreased by 8.84%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.83

News Sentiment

Marine Products has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Marine Products this week, compared to 1 article on an average week.

Search Interest

2 people have searched for MPX on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Marine Products to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Marine Products insiders have not sold or bought any company stock.

Percentage Held by Insiders

75.70% of the stock of Marine Products is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 13.86% of the stock of Marine Products is held by institutions.

MPX Stock Analysis - Frequently Asked Questions

How have MPX shares performed this year?

Marine Products' stock was trading at $11.40 at the start of the year. Since then, MPX stock has decreased by 16.1% and is now trading at $9.56.
View the best growth stocks for 2024 here.

How were Marine Products' earnings last quarter?

Marine Products Co. (NYSE:MPX) posted its quarterly earnings results on Thursday, October, 24th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company earned $49.85 million during the quarter. Marine Products had a net margin of 7.32% and a trailing twelve-month return on equity of 13.55%.

Who are Marine Products' major shareholders?

Top institutional shareholders of Marine Products include De Lisle Partners LLP (0.86%), Geode Capital Management LLC (0.69%), State Street Corp (0.52%) and Los Angeles Capital Management LLC (0.12%).
View institutional ownership trends.

How do I buy shares of Marine Products?

Shares of MPX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Marine Products own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Marine Products investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/09/2024
• Dividend Payable: 9/10/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 12/10 Dividend: 11/08/2024
• Today: 11/21/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Ship & boat building & repairing
• Sub-Industry: Leisure Products
• Current Symbol: NYSE:MPX
• CUSIP: 56842710
• CIK: 1129155
• Web: www.marineproductscorp.com
• Phone: (404) 321-7910
• Fax: 404-321-5483
• Employees: 690
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: -16.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.53
• Trailing P/E Ratio: 18.04
• Forward P/E Ratio: 23.90
• P/E Growth: N/A
• Net Income: $41.69 million
• Net Margins: 7.32%
• Pretax Margin: 9.07%
• Return on Equity: 13.55%
• Return on Assets: 10.14%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.69
• Quick Ratio: 2.55

Sales & Book Value

• Annual Sales: $259.61 million
• Price / Sales: 1.28
• Cash Flow: $1.26 per share
• Price / Cash Flow: 7.58
• Book Value: $4.40 per share
• Price / Book: 2.17

Miscellaneous

• Outstanding Shares: 34,713,000
• Free Float: 8,435,000
• Market Cap: $331.86 million
• Optionable: Optionable
• Beta: 1.23