DA Davidson Estimates Marine Products Q1 Earnings

Marine Products Co. (NYSE:MPX) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Marine Products in a research report issued to clients and investors on Friday, February 14th. DA Davidson analyst B. Rolle expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Marine Products’ current full-year earnings is $0.50 per share. DA Davidson also issued estimates for Marine Products’ FY2026 earnings at $0.50 EPS.

Separately, StockNews.com raised Marine Products from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Marine Products Stock Performance

MPX opened at $8.89 on Monday. The stock has a 50-day moving average of $9.19 and a 200-day moving average of $9.44. Marine Products has a 52-week low of $8.64 and a 52-week high of $12.47. The company has a market cap of $308.40 million, a PE ratio of 18.13 and a beta of 1.23.

Marine Products (NYSE:MPX) last posted its earnings results on Thursday, January 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. Marine Products had a net margin of 7.55% and a return on equity of 13.08%.

Institutional Investors Weigh In On Marine Products

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in Marine Products by 88.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,732 shares of the company’s stock valued at $71,000 after purchasing an additional 3,631 shares during the period. FMR LLC lifted its holdings in shares of Marine Products by 198.2% during the third quarter. FMR LLC now owns 8,353 shares of the company’s stock worth $81,000 after buying an additional 5,552 shares during the last quarter. Barclays PLC boosted its position in shares of Marine Products by 173.0% in the third quarter. Barclays PLC now owns 12,050 shares of the company’s stock valued at $116,000 after acquiring an additional 7,636 shares during the period. Rhumbline Advisers boosted its position in shares of Marine Products by 10.6% in the fourth quarter. Rhumbline Advisers now owns 12,923 shares of the company’s stock valued at $118,000 after acquiring an additional 1,236 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Marine Products by 231.2% in the fourth quarter. JPMorgan Chase & Co. now owns 14,269 shares of the company’s stock worth $131,000 after acquiring an additional 9,961 shares during the last quarter. 13.86% of the stock is owned by institutional investors and hedge funds.

Marine Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Monday, February 10th. Marine Products’s dividend payout ratio is 114.29%.

Marine Products Company Profile

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.