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NYSE:MPX

Marine Products (MPX) Stock Price, News & Analysis

$11.67
+0.24 (+2.10%)
(As of 12:12 PM ET)
Today's Range
$11.32
$11.72
50-Day Range
$10.21
$12.06
52-Week Range
$9.18
$17.81
Volume
17,838 shs
Average Volume
57,010 shs
Market Capitalization
$404.72 million
P/E Ratio
9.57
Dividend Yield
4.80%
Price Target
$16.00

Marine Products MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
37.1% Upside
$16.00 Price Target
Short Interest
Bearish
3.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.90mentions of Marine Products in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.33 out of 5 stars

Consumer Discretionary Sector

195th out of 274 stocks

Ship & Boat Building & Repairing Industry

5th out of 6 stocks

MPX stock logo

About Marine Products Stock (NYSE:MPX)

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.

MPX Stock Price History

MPX Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Marine Products Corp Profit Retreats In Q4
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Marine Products: Expecting A Storm Ahead
MPX Dividend Yield Grade
Foot Locker And Albemarle May Bounce Back Strong
Marine Products (NYSE:MPX) Will Pay A Dividend Of $0.14
Q3 2023 Marine Products Corp Earnings Call
Marine Products Shares Fall 13% After 3Q Sales Drop
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/11 Dividend
2/08/2024
Dividend Payable
3/11/2024
Today
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Ship & boat building & repairing
Sub-Industry
Leisure Products
CUSIP
56842710
Employees
690
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$16.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+37.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$41.69 million
Pretax Margin
13.57%

Debt

Sales & Book Value

Annual Sales
$383.73 million
Cash Flow
$1.39 per share
Book Value
$4.40 per share

Miscellaneous

Free Float
8,428,000
Market Cap
$404.72 million
Optionable
Optionable
Beta
1.26
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Key Executives

  • Mr. Richard A. Hubbell (Age 79)
    Executive Chairman
    Comp: $709.71k
  • Mr. Ben M. Palmer (Age 64)
    President, CEO & Director
    Comp: $903.56k
  • Mr. Michael L. Schmit (Age 50)
    CFO, VP & Corporate Secretary
    Comp: $306.86k
  • Ms. Sharon A. Lennon
    Manager of Investor Relations & Corporate Communications
  • Mr. James C. Landers
    Vice President of Corporate Finance

MPX Stock Analysis - Frequently Asked Questions

Should I buy or sell Marine Products stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marine Products in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MPX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPX, but not buy additional shares or sell existing shares.
View MPX analyst ratings
or view top-rated stocks.

What is Marine Products' stock price target for 2024?

1 brokers have issued twelve-month target prices for Marine Products' shares. Their MPX share price targets range from $16.00 to $16.00. On average, they predict the company's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
View analysts price targets for MPX
or view top-rated stocks among Wall Street analysts.

How have MPX shares performed in 2024?

Marine Products' stock was trading at $11.40 at the beginning of the year. Since then, MPX stock has increased by 2.4% and is now trading at $11.67.
View the best growth stocks for 2024 here
.

When is Marine Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our MPX earnings forecast
.

How were Marine Products' earnings last quarter?

Marine Products Co. (NYSE:MPX) posted its earnings results on Thursday, January, 25th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The firm earned $70.87 million during the quarter. Marine Products had a net margin of 10.87% and a trailing twelve-month return on equity of 28.84%. During the same quarter in the previous year, the business posted $0.35 EPS.

How often does Marine Products pay dividends? What is the dividend yield for Marine Products?

Marine Products declared a quarterly dividend on Thursday, January 25th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.14 per share on Monday, March 11th. This represents a $0.56 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, February 8th.
Read our dividend analysis for MPX
.

Is Marine Products a good dividend stock?

Marine Products (NYSE:MPX) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.21%. MPX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MPX.

What other stocks do shareholders of Marine Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marine Products investors own include Weyerhaeuser (WY), KeyCorp (KEY), Altria Group (MO), NVIDIA (NVDA), Exxon Mobil (XOM), Freeport-McMoRan (FCX), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F) and Foot Locker (FL).

Who are Marine Products' major shareholders?

Marine Products' stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.87%), Gamco Investors INC. ET AL (1.51%), Vanguard Group Inc. (1.43%), Vanguard Group Inc. (1.42%), Teton Advisors Inc. (0.93%) and Northern Trust Corp (0.30%).
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.

This page (NYSE:MPX) was last updated on 3/28/2024 by MarketBeat.com Staff

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