Shares of Marine Products Corp. (NYSE:MPX) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Marine Products’ rating score has declined by 20% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $18.25 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Marine Products an industry rank of 160 out of 255 based on the ratings given to related companies.

A number of research firms have weighed in on MPX. Zacks Investment Research upgraded Marine Products from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Thursday, October 18th. B. Riley upped their target price on Marine Products from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 25th. Finally, ValuEngine downgraded Marine Products from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Marine Products by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 234,933 shares of the company’s stock valued at $4,177,000 after acquiring an additional 18,633 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Marine Products by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 636,624 shares of the company’s stock valued at $14,572,000 after acquiring an additional 9,152 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Marine Products by 70.1% during the 3rd quarter. Acadian Asset Management LLC now owns 19,311 shares of the company’s stock valued at $442,000 after acquiring an additional 7,956 shares during the last quarter. BlackRock Inc. lifted its position in shares of Marine Products by 10.1% during the 2nd quarter. BlackRock Inc. now owns 546,999 shares of the company’s stock valued at $9,726,000 after acquiring an additional 50,257 shares during the last quarter. Finally, Navellier & Associates Inc lifted its position in shares of Marine Products by 11.8% during the 4th quarter. Navellier & Associates Inc now owns 14,647 shares of the company’s stock valued at $248,000 after acquiring an additional 1,547 shares during the last quarter. Hedge funds and other institutional investors own 14.11% of the company’s stock.

Shares of NYSE MPX traded down $0.24 during midday trading on Monday, hitting $13.48. 60,100 shares of the company’s stock were exchanged, compared to its average volume of 61,918. The company has a market cap of $473.32 million, a PE ratio of 16.24 and a beta of 0.40. Marine Products has a twelve month low of $13.19 and a twelve month high of $24.82.

Marine Products (NYSE:MPX) last released its earnings results on Wednesday, January 23rd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $62.06 million during the quarter, compared to analyst estimates of $70.42 million. Marine Products had a return on equity of 37.32% and a net margin of 9.54%. As a group, equities research analysts forecast that Marine Products will post 0.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. This is an increase from Marine Products’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, February 8th. Marine Products’s dividend payout ratio is 48.19%.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. It provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex Jet Boats, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.

Featured Article: Are all No-Load Funds Equal?

Get a free copy of the Zacks research report on Marine Products (MPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Marine Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marine Products and related companies with MarketBeat.com's FREE daily email newsletter.