Methode Electronics, Inc. $MEI Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. increased its position in Methode Electronics, Inc. (NYSE:MEI) by 20.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,817 shares of the electronics maker’s stock after acquiring an additional 10,000 shares during the period. Howe & Rusling Inc. owned approximately 0.17% of Methode Electronics worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Methode Electronics by 3.0% in the first quarter. Vanguard Group Inc. now owns 2,931,118 shares of the electronics maker’s stock valued at $18,701,000 after purchasing an additional 85,811 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Methode Electronics by 29.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,553,250 shares of the electronics maker’s stock worth $9,910,000 after purchasing an additional 349,890 shares during the period. AQR Capital Management LLC boosted its position in Methode Electronics by 93.8% in the first quarter. AQR Capital Management LLC now owns 932,833 shares of the electronics maker’s stock valued at $5,951,000 after buying an additional 451,529 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Methode Electronics by 4.6% in the fourth quarter. Ameriprise Financial Inc. now owns 651,283 shares of the electronics maker’s stock valued at $7,679,000 after buying an additional 28,464 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Methode Electronics by 13.5% in the 1st quarter. American Century Companies Inc. now owns 609,428 shares of the electronics maker’s stock worth $3,888,000 after buying an additional 72,320 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MEI. Wall Street Zen raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Robert W. Baird raised their price target on shares of Methode Electronics from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Methode Electronics currently has an average rating of “Moderate Buy” and an average price target of $11.25.

Methode Electronics Price Performance

Shares of NYSE MEI opened at $8.13 on Friday. The stock has a market capitalization of $286.40 million, a price-to-earnings ratio of -5.25 and a beta of 1.07. Methode Electronics, Inc. has a 12 month low of $5.08 and a 12 month high of $17.45. The firm’s 50 day simple moving average is $7.20 and its 200-day simple moving average is $7.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.50 and a quick ratio of 1.57.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings data on Tuesday, September 9th. The electronics maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.18. The business had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $224.57 million. Methode Electronics had a negative net margin of 5.30% and a negative return on equity of 5.27%. During the same quarter last year, the company earned ($0.31) EPS. Methode Electronics has set its FY 2026 guidance at EPS. Analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current year.

Methode Electronics Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Monday, July 21st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.4%. Methode Electronics’s dividend payout ratio (DPR) is presently -18.06%.

Methode Electronics Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.