DA Davidson Forecasts Marine Products Q1 Earnings

Marine Products Co. (NYSE:MPX) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Marine Products in a report issued on Friday, February 14th. DA Davidson analyst B. Rolle expects that the company will post earnings of $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 upgraded Marine Products from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Marine Products Trading Down 1.6 %

Shares of NYSE:MPX opened at $8.89 on Monday. Marine Products has a 12 month low of $8.64 and a 12 month high of $12.47. The company has a market capitalization of $308.43 million, a price-to-earnings ratio of 18.13 and a beta of 1.23. The firm’s 50-day moving average is $9.17 and its 200 day moving average is $9.43.

Marine Products (NYSE:MPX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Marine Products had a net margin of 7.55% and a return on equity of 13.08%.

Marine Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Monday, February 10th. Marine Products’s payout ratio is presently 114.29%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MPX. Rhumbline Advisers increased its stake in shares of Marine Products by 10.6% during the fourth quarter. Rhumbline Advisers now owns 12,923 shares of the company’s stock valued at $118,000 after buying an additional 1,236 shares during the period. Gamco Investors INC. ET AL grew its holdings in Marine Products by 0.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 514,007 shares of the company’s stock worth $4,713,000 after acquiring an additional 1,398 shares in the last quarter. Barclays PLC grew its holdings in Marine Products by 12.2% during the 4th quarter. Barclays PLC now owns 13,524 shares of the company’s stock worth $124,000 after acquiring an additional 1,474 shares in the last quarter. Bank of America Corp DE increased its position in Marine Products by 19.4% during the 4th quarter. Bank of America Corp DE now owns 14,277 shares of the company’s stock valued at $131,000 after purchasing an additional 2,321 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Marine Products by 88.5% in 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 in the last quarter. Hedge funds and other institutional investors own 13.86% of the company’s stock.

About Marine Products

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.