Thompson Siegel & Walmsley LLC Makes New Investment in The Middleby Corporation $MIDD

Thompson Siegel & Walmsley LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 43,526 shares of the industrial products company’s stock, valued at approximately $6,471,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Capital Management LLC purchased a new position in Middleby during the third quarter valued at approximately $55,260,000. Broyhill Asset Management LLC purchased a new stake in Middleby during the third quarter valued at about $2,455,000. Tudor Investment Corp ET AL lifted its position in Middleby by 45.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after buying an additional 23,737 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Middleby during the fourth quarter worth approximately $15,085,000. Finally, Eschler Asset Management LLP purchased a new position in shares of Middleby during the third quarter worth approximately $931,000. Institutional investors own 98.55% of the company’s stock.

Middleby Trading Up 0.9%

Middleby stock opened at $156.46 on Tuesday. The stock has a market cap of $7.07 billion, a P/E ratio of -18.45 and a beta of 1.36. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $169.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The firm’s 50 day moving average price is $143.03 and its 200-day moving average price is $144.72.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, equities analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MIDD has been the topic of several recent analyst reports. Robert W. Baird set a $205.00 target price on shares of Middleby in a report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and set a $195.00 price target on shares of Middleby in a research report on Tuesday, March 31st. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Finally, Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.