Dubuque Bank & Trust Co. Buys 397 Shares of Methode Electronics, Inc. (NYSE:MEI)

Dubuque Bank & Trust Co. raised its stake in Methode Electronics, Inc. (NYSE:MEI) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,834 shares of the electronics maker’s stock after buying an additional 397 shares during the period. Dubuque Bank & Trust Co.’s holdings in Methode Electronics were worth $199,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in shares of Methode Electronics by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 51,629 shares of the electronics maker’s stock valued at $2,351,000 after buying an additional 3,169 shares during the period. Bowling Portfolio Management LLC bought a new stake in shares of Methode Electronics during the first quarter valued at approximately $882,000. Strs Ohio boosted its stake in shares of Methode Electronics by 83.3% in the first quarter. Strs Ohio now owns 23,100 shares of the electronics maker’s stock valued at $1,053,000 after buying an additional 10,500 shares during the period. Sawgrass Asset Management LLC bought a new stake in shares of Methode Electronics during the first quarter valued at approximately $346,000. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of Methode Electronics by 6.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,830 shares of the electronics maker’s stock valued at $859,000 after buying an additional 1,155 shares during the period. Institutional investors own 90.11% of the company’s stock.

Methode Electronics, Inc. (NYSE MEI) traded down 0.65% during mid-day trading on Friday, reaching $38.35. 212,017 shares of the company’s stock traded hands. The stock has a market capitalization of $1.41 billion, a PE ratio of 15.46 and a beta of 0.76. Methode Electronics, Inc. has a 12 month low of $29.85 and a 12 month high of $46.40. The firm’s 50-day moving average price is $39.81 and its 200 day moving average price is $41.72.

Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, June 22nd. The electronics maker reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Methode Electronics had a return on equity of 18.81% and a net margin of 11.38%. The business had revenue of $219.70 million during the quarter, compared to analysts’ expectations of $214.39 million. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that Methode Electronics, Inc. will post $2.46 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.36 annualized dividend and a yield of 0.94%. Methode Electronics’s payout ratio is currently 14.52%.

COPYRIGHT VIOLATION NOTICE: “Dubuque Bank & Trust Co. Buys 397 Shares of Methode Electronics, Inc. (NYSE:MEI)” was posted by BNB Daily and is owned by of BNB Daily. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/methode-electronics-inc-nysemei-position-boosted-by-dubuque-bank-trust-co-updated-updated-updated.html.

MEI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Robert W. Baird restated an “outperform” rating and issued a $47.00 target price (down from $51.00) on shares of Methode Electronics in a report on Monday, June 19th. FBR & Co restated an “outperform” rating and issued a $49.00 target price on shares of Methode Electronics in a report on Tuesday, July 18th. Finally, B. Riley restated a “buy” rating and issued a $49.00 target price on shares of Methode Electronics in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.

Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

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

Latest News

Leave a Reply