2 weeks Ago By Defense World Staff
Prudential Financial Inc. acquired a new position in shares of Methode Electronics, Inc. ( NYSE:MEI – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm acquired 124,776 shares of the electronics maker’s stock, valued at approximately $1,471,000. Prudential Financial Inc. owned 0.
35% of Methode Electronics at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in MEI. AlphaQuest LLC boosted its holdings in Methode Electronics by 196.
8% during the fourth quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock worth $53,000 after buying an additional 2,990 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Methode Electronics during the 4th quarter worth about $126,000.
Intech Investment Management LLC purchased a new stake in shares of Methode Electronics during the 3rd quarter worth about $178,000. SG Americas Securities LLC purchased a new position in shares of Methode Electronics in the 4th quarter valued at about $209,000. Finally, Inceptionr LLC purchased a new position in Methode Electronics during the fourth quarter worth approximately $222,000.
95.49% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In MEI has been the topic of several research analyst reports.
Robert W. Baird dropped their price objective on Methode Electronics from $14.00 to $9.
00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Sidoti raised shares of Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, February 25th.
Methode Electronics Price Performance NYSE:MEI opened at $5.78 on Friday. The stock has a 50 day moving average of $8.
90 and a two-hundred day moving average of $10.38. Methode Electronics, Inc.
has a 12 month low of $5.08 and a 12 month high of $17.45.
The firm has a market cap of $206.29 million, a P/E ratio of -2.28 and a beta of 0.
93. The company has a current ratio of 2.75, a quick ratio of 1.
73 and a debt-to-equity ratio of 0.46. Methode Electronics ( NYSE:MEI – Get Free Report ) last issued its quarterly earnings results on Wednesday, March 5th.
The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.
04). Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.
16%. The firm had revenue of $239.90 million during the quarter, compared to analyst estimates of $264.
01 million. During the same period in the prior year, the firm earned ($0.33) earnings per share.
On average, analysts expect that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.
Methode Electronics Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, April 18th were paid a $0.14 dividend.
This represents a $0.56 annualized dividend and a dividend yield of 9.69%.
The ex-dividend date was Thursday, April 17th. Methode Electronics’s dividend payout ratio is currently -21.46%.
Insider Activity at Methode Electronics In other news, CEO Jonathan B. Degaynor purchased 32,733 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $6.
46 per share, with a total value of $211,455.18. Following the transaction, the chief executive officer now owns 32,733 shares in the company, valued at $211,455.
18. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, SVP Lars Ullrich bought 15,150 shares of Methode Electronics stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.69 per share, for a total transaction of $101,353.
50. Following the completion of the purchase, the senior vice president now directly owns 15,150 shares of the company’s stock, valued at $101,353.50.
This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here . 1.
40% of the stock is owned by corporate insiders. About Methode Electronics ( Free Report ) 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. Read More Five stocks we like better than Methode Electronics How to Profit From Growth Investing Conagra Stock Could Thrive as Tariffs Hit Other Sectors What Does a Stock Split Mean? Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds How to Use the MarketBeat Excel Dividend Calculator Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Receive News & Ratings for Methode Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics and related companies with MarketBeat.com's FREE daily email newsletter .
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