Methode Electronics, Inc. (NYSE:MEI)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a report released on Wednesday. They presently have a $49.00 target price on the electronics maker’s stock. B. Riley’s price target would suggest a potential upside of 19.66% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Methode Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub lowered Methode Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Robert W. Baird reissued an “outperform” rating and issued a $47.00 target price (down previously from $51.00) on shares of Methode Electronics in a research report on Monday, June 19th. Finally, FBR & Co reissued an “outperform” rating and issued a $55.00 target price (up previously from $50.00) on shares of Methode Electronics in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Methode Electronics has an average rating of “Hold” and a consensus price target of $47.20.

Methode Electronics (MEI) traded up 0.61% during midday trading on Wednesday, reaching $40.95. The company had a trading volume of 232,629 shares. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.51 and a beta of 0.83. Methode Electronics has a one year low of $28.48 and a one year high of $46.40. The company has a 50-day moving average price of $40.88 and a 200-day moving average price of $42.22.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, June 22nd. The electronics maker reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $219.70 million during the quarter, compared to analyst estimates of $214.39 million. Methode Electronics had a return on equity of 18.81% and a net margin of 11.38%. Methode Electronics’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. On average, equities analysts expect that Methode Electronics will post $2.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, July 12th. Methode Electronics’s dividend payout ratio is currently 14.52%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Miles Capital Inc. raised its position in shares of Methode Electronics by 0.3% in the first quarter. Miles Capital Inc. now owns 6,391 shares of the electronics maker’s stock valued at $291,000 after buying an additional 17 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Methode Electronics by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 4,060 shares of the electronics maker’s stock valued at $185,000 after buying an additional 60 shares in the last quarter. US Bancorp DE raised its position in shares of Methode Electronics by 0.3% in the first quarter. US Bancorp DE now owns 24,691 shares of the electronics maker’s stock valued at $1,126,000 after buying an additional 64 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Methode Electronics by 3.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,847 shares of the electronics maker’s stock valued at $130,000 after buying an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Methode Electronics by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the electronics maker’s stock valued at $684,000 after buying an additional 100 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Methode Electronics Company Profile

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

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