Mutual Advisors LLC Makes New $703,000 Investment in Methode Electronics, Inc. $MEI

Mutual Advisors LLC acquired a new position in shares of Methode Electronics, Inc. (NYSE:MEI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,968 shares of the electronics maker’s stock, valued at approximately $703,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Methode Electronics by 3.0% during the first quarter. Vanguard Group Inc. now owns 2,931,118 shares of the electronics maker’s stock worth $18,701,000 after buying an additional 85,811 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in 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 buying an additional 349,890 shares during the last quarter. AQR Capital Management LLC grew its stake in Methode Electronics by 93.8% during the first quarter. AQR Capital Management LLC now owns 932,833 shares of the electronics maker’s stock worth $5,951,000 after buying an additional 451,529 shares during the last quarter. American Century Companies Inc. grew its stake in Methode Electronics by 13.5% during the first 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Methode Electronics by 25.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 475,354 shares of the electronics maker’s stock worth $3,033,000 after buying an additional 95,938 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MEI has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Methode Electronics from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Wall Street Zen raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Methode Electronics in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.25.

Methode Electronics Price Performance

MEI opened at $7.04 on Friday. Methode Electronics, Inc. has a one year low of $5.08 and a one year high of $17.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.50 and a quick ratio of 1.63. The company’s 50 day simple moving average is $7.49 and its 200-day simple moving average is $7.41. The stock has a market capitalization of $247.86 million, a P/E ratio of -4.54 and a beta of 1.09.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings data on Tuesday, September 9th. The electronics maker reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.18. Methode Electronics had a negative net margin of 5.30% and a negative return on equity of 5.27%. The business had revenue of $240.50 million for the quarter, compared to analyst estimates of $224.57 million. During the same period in the prior year, the business posted ($0.31) earnings per share. Methode Electronics has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

About Methode Electronics

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.