Cwm LLC Grows Position in Methode Electronics, Inc. $MEI

Cwm LLC increased its position in shares of Methode Electronics, Inc. (NYSE:MEI) by 100.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,031 shares of the electronics maker’s stock after purchasing an additional 21,603 shares during the period. Cwm LLC owned approximately 0.12% of Methode Electronics worth $409,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MEI. Virtus Advisers LLC purchased a new position in shares of Methode Electronics during the 1st quarter worth about $30,000. Aigen Investment Management LP purchased a new stake in shares of Methode Electronics during the first quarter valued at $73,000. Cerity Partners LLC purchased a new stake in shares of Methode Electronics during the first quarter valued at $79,000. Sentinel Pension Advisors LLC purchased a new stake in shares of Methode Electronics during the second quarter valued at $95,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Methode Electronics during the second quarter valued at $103,000. 95.49% of the stock is owned by hedge funds and other institutional investors.

Methode Electronics Stock Performance

Shares of Methode Electronics stock opened at $7.24 on Friday. The company has a market capitalization of $254.74 million, a PE ratio of -4.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.50. The company has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $7.46. Methode Electronics, Inc. has a one year low of $5.08 and a one year high of $17.45.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings data on Tuesday, September 9th. The electronics maker reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.18. Methode Electronics had a negative net margin of 5.30% and a negative return on equity of 5.27%. The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $224.57 million. During the same quarter in the prior year, the company posted ($0.31) earnings per share. Methode Electronics has set its FY 2026 guidance at EPS. Research analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Methode Electronics from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Methode Electronics in a research note on Saturday. Finally, Wall Street Zen raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Methode Electronics has an average rating of “Hold” and an average target price of $11.25.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.