Methode Electronics (NYSE:MEI) Reaches New 12-Month High – Here’s What Happened

Methode Electronics, Inc. (NYSE:MEI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.35 and last traded at $16.4180, with a volume of 258839 shares traded. The stock had previously closed at $13.09.

Key Headlines Impacting Methode Electronics

Here are the key news stories impacting Methode Electronics this week:

• Positive Sentiment: MEI’s latest earnings call and results were viewed as signaling a gradual turnaround, with investors focusing on improving execution and stronger EBITDA performance. Methode Electronics Earnings Call Signals Gradual Turnaround
• Positive Sentiment: The company reported strong revenue growth and said contract recoveries helped offset EV-related delays, which traders saw as a reason for the stock’s sharp rebound. Why Methode Electronics Stock Jumped 40% Today
• Positive Sentiment: Wall Street sentiment improved after Robert W. Baird raised its price target to $16 from $8.50, reflecting a more constructive view even though the firm kept a neutral rating. Robert W. Baird price target update
• Positive Sentiment: Sidoti also reaffirmed a neutral rating and set a $17 target, suggesting analysts see more upside than before, though still below the recent trading level. Sidoti rating reaffirmation
• Neutral Sentiment: Additional coverage from The Globe and Mail/Tipranks and Yahoo Finance focused on analyst commentary and earnings-call highlights, reinforcing that the move is being driven mainly by the post-earnings narrative. Analysts Offer Insights on Technology Companies Methode Electronics Inc Q4 2026 Earnings Call Highlights
• Negative Sentiment: Despite the rally, the latest analyst price targets from Baird and Sidoti still sit below the recent share price, implying some caution about how much upside is left near term. Analyst price target commentary

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MEI shares. Sidoti reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Methode Electronics in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Methode Electronics in a research note on Tuesday, April 21st. Finally, Robert W. Baird upped their price objective on shares of Methode Electronics from $8.50 to $16.00 and gave the company a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $16.50.

Methode Electronics Price Performance

The business’s fifty day moving average is $10.93 and its 200 day moving average is $8.46. The firm has a market capitalization of $680.72 million, a P/E ratio of -19.02 and a beta of 1.59. The company has a current ratio of 2.37, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48.

Methode Electronics (NYSE:MEI) last issued its earnings results on Wednesday, June 24th. The electronics maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.19). Methode Electronics had a negative net margin of 3.50% and a negative return on equity of 5.59%. The company had revenue of $298.10 million for the quarter, compared to analyst estimates of $238.46 million. As a group, analysts forecast that Methode Electronics, Inc. will post -0.75 EPS for the current year.

Methode Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. Methode Electronics’s dividend payout ratio (DPR) is currently -19.80%.

Hedge Funds Weigh In On Methode Electronics

Several institutional investors have recently modified their holdings of MEI. EverSource Wealth Advisors LLC increased its holdings in shares of Methode Electronics by 1,027.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,089 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 2,815 shares in the last quarter. State of Wyoming acquired a new stake in shares of Methode Electronics during the first quarter worth $93,000. Mackenzie Financial Corp bought a new stake in Methode Electronics in the 3rd quarter valued at $103,000. XTX Topco Ltd acquired a new position in Methode Electronics in the 2nd quarter worth $107,000. Finally, Inscription Capital LLC bought a new position in Methode Electronics during the 4th quarter worth about $112,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

About Methode Electronics

Methode Electronics, Inc is a Chicago-based global manufacturer of custom-engineered electronic and electromechanical components and assemblies. Founded in 1946, Methode specializes in providing solutions that integrate electrical connectors, sensors, switches, human-machine interface devices and power distribution modules. The company’s product portfolio addresses complex application requirements across a broad range of end markets, including automotive, industrial, energy, healthcare and data/telecommunications.

In its automotive segment, Methode develops advanced connector systems, circuit protection devices and thermal management solutions for internal combustion, hybrid and electric vehicles.