Should I buy or sell Marine Products stock right now?

1 Wall Street 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 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 Wall Street analysts have issued twelve-month price objectives for Marine Products' shares. Their MPX share price targets range from $16.00 to $16.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 41.2% 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 2024. Since then, MPX stock has decreased by 0.6% and is now trading at $11.33. 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 Thursday, April 25th 2024. View our MPX earnings forecast .

How can I listen to Marine Products' earnings call?

Marine Products will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Marine Products' earnings last quarter?

Marine Products Co. (NYSE:MPX) issued its earnings results on Thursday, January, 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The company earned $70.87 million during the quarter. Marine Products had a trailing twelve-month return on equity of 28.84% and a net margin of 10.87%. During the same quarter in the previous year, the firm 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 4.94%. 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 5.23%. 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 a number of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.20%) and Los Angeles Capital Management LLC (0.15%). 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 .

NYSE:MPX

Marine Products (MPX) Stock Price, News & Analysis

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Free MPX Stock Alerts

$11.33

+0.45 (+4.14%)

(As of 04/19/2024 ET)

Compare

Today's Range: $10.73
▼
$11.44
50-Day Range: $10.31
▼
$12.06
52-Week Range: $9.18
▼
$17.81

Volume: 45,023 shs
Average Volume: 52,316 shs
Market Capitalization: $392.92 million

P/E Ratio: 9.29
Dividend Yield: 4.94%
Price Target: $16.00

Get Marine Products alerts:

Marine Products MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 41.2% Upside
$16.00 Price Target
Short Interest: Healthy
2.97% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
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.

2.92 out of 5 stars

Consumer Discretionary Sector

152nd out of 265 stocks

Ship & Boat Building & Repairing Industry

5th out of 6 stocks

3.0

Analyst's Opinion

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.

4.0

Short Interest

Percentage of Shares Shorted
2.97% 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 5.8.
Change versus previous month
Short interest in Marine Products has recently decreased by 7.49%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Marine Products is a leading dividend payer. It pays a dividend yield of 5.23%, 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 45.90%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MPX.

1.1

News and Social Media Coverage

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
3 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.

1.7

Company Ownership

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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Marine Products is 9.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marine Products is 9.29, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.96.
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.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

MPX Stock News Headlines

April 19, 2024 | finance.yahoo.com

While institutions own 18% of Marine Products Corporation (NYSE:MPX), private companies are its largest shareholders with 58% ownership

April 18, 2024 | americanbankingnews.com

Marine Products (MPX) Scheduled to Post Quarterly Earnings on Thursday

April 20, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 11, 2024 | americanbankingnews.com

Marine Products (NYSE:MPX) Share Price Crosses Above Two Hundred Day Moving Average of $11.16

April 4, 2024 | finance.yahoo.com

Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call

March 26, 2024 | seekingalpha.com

The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products

March 13, 2024 | seekingalpha.com

Latham downgraded at Bank of America on weak new pool construction, higher decrementals

February 27, 2024 | finance.yahoo.com

Marine Products And Two Additional Solid Dividend Stocks To Consider

April 20, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

January 25, 2024 | finance.yahoo.com

Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend

January 25, 2024 | markets.businessinsider.com

Marine Products Corp Profit Retreats In Q4

January 25, 2024 | seekingalpha.com

Marine Products GAAP EPS of $0.16 misses by $0.17, revenue of $70.9M misses by $36.6M

January 9, 2024 | finance.yahoo.com

Marine Products Corporation Announces Date for Fourth Quarter 2023 Financial Results and Conference Call

January 8, 2024 | seekingalpha.com

Marine Products: Quiet Compounder And Potential M&A Target

December 16, 2023 | seekingalpha.com

Marine Products: Expecting A Storm Ahead

December 6, 2023 | msn.com

Electric vehicle, boating and RV stocks could benefit as high-interest rate worries fade

November 28, 2023 | seekingalpha.com

MPX Dividend Yield Grade

November 27, 2023 | forbes.com

Foot Locker And Albemarle May Bounce Back Strong

November 11, 2023 | investing.com

Marine Products Corporation ownership dominated by private companies and insiders

October 30, 2023 | msn.com

MPX and WOOF among Consumer Discretionary movers

October 30, 2023 | gurufocus.com

The Marine Products Corp (MPX) Company: A Short SWOT Analysis

October 28, 2023 | finance.yahoo.com

Marine Products (NYSE:MPX) Will Pay A Dividend Of $0.14

October 26, 2023 | finance.yahoo.com

Marine Products Corporation (NYSE:MPX) Q3 2023 Earnings Call Transcript

October 25, 2023 | finance.yahoo.com

Q3 2023 Marine Products Corp Earnings Call

October 25, 2023 | marketwatch.com

Marine Products Shares Fall 13% After 3Q Sales Drop

October 25, 2023 | msn.com

Marine Products misses top and bottom line estimates

October 25, 2023 | businessinsider.com

20 cash-generating stocks large investors are scooping up while they're cheap, according to a quant strategy that filters for quality companies

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: 4/19/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $16.00
High Stock Price Target: $16.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +41.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.22
Trailing P/E Ratio: 9.29
Forward P/E Ratio: 11.93
P/E Growth: N/A
Net Income: $41.69 million
Net Margins: 10.87%
Pretax Margin: 13.57%
Return on Equity: 28.84%
Return on Assets: 21.80%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.17
Quick Ratio: 3.44

Sales & Book Value

Annual Sales: $383.73 million
Price / Sales: 1.02
Cash Flow: $1.36 per share
Price / Cash Flow: 8.36
Book Value: $4.40 per share
Price / Book: 2.58

Miscellaneous

Outstanding Shares: 34,680,000
Free Float: 8,428,000
Market Cap: $392.92 million
Optionable: Optionable
Beta: 1.26

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Key Executives

Mr. Richard A. Hubbell (Age 79)
Executive Chairman
Comp: $526.8k
Mr. Ben M. Palmer (Age 64)
President, CEO & Director
Comp: $790.2k
Mr. Michael L. Schmit (Age 51)
CFO, VP, Treasurer & Corporate Secretary
Comp: $263.4k
Ms. Sharon A. Lennon
Manager of Investor Relations & Corporate Communications
Mr. James C. Landers
Vice President of Corporate Finance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MPX Stock Analysis - Frequently Asked Questions

Should I buy or sell Marine Products stock right now?: 1 Wall Street 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 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 Wall Street analysts have issued twelve-month price objectives for Marine Products' shares. Their MPX share price targets range from $16.00 to $16.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 41.2% 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 2024. Since then, MPX stock has decreased by 0.6% and is now trading at $11.33.
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 Thursday, April 25th 2024.
View our MPX earnings forecast.
How can I listen to Marine Products' earnings call?: Marine Products will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Marine Products' earnings last quarter?: Marine Products Co. (NYSE:MPX) issued its earnings results on Thursday, January, 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The company earned $70.87 million during the quarter. Marine Products had a trailing twelve-month return on equity of 28.84% and a net margin of 10.87%. During the same quarter in the previous year, the firm 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 4.94%. 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 5.23%. 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 a number of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.20%) and Los Angeles Capital Management LLC (0.15%).
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 4/20/2024 by MarketBeat.com Staff

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Marine Products (MPX) Stock Price, News & Analysis

Marine Products MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Marine Products Stock (NYSE:MPX)

MPX Stock Price History

MPX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

MPX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™