MPX icon

Marine Products Corp

9.34 USD
+0.09
0.97%
At close Dec 20, 4:00 PM EST
After hours
9.34
+0.00
0.00%
1 day
0.97%
5 days
-3.81%
1 month
-2.30%
3 months
-4.21%
6 months
-7.25%
Year to date
-20.17%
1 year
-14.39%
5 years
-39.59%
10 years
22.25%
 

About: Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. The company's only operating segment is Powerboat Manufacturing Business. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational markets through its Chaparral brand and to the sportfishing market through its Robalo brand.

Employees: 690

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

285% more call options, than puts

Call options by funds: $100K | Put options by funds: $26K

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

0.32% more ownership

Funds ownership: 14.55% [Q2] → 14.87% (+0.32%) [Q3]

2% less capital invested

Capital invested by funds: $51M [Q2] → $50M (-$940K) [Q3]

3% less funds holding

Funds holding: 67 [Q2] → 65 (-2) [Q3]

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Research analyst outlook

We haven’t received any recent analyst ratings for MPX.

Financial journalist opinion

Negative
Seeking Alpha
1 month ago
Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlook remains uncertain as customers are still waiting for more extensive rate cuts. On the other hand, normalizing dealer inventory levels suggests slight optimism for manufacturers. I again estimate the MPX stock to be undervalued, now with a 44% upside into a fair value of $13.97.
Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
Neutral
Seeking Alpha
1 month ago
Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning.
Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript
Neutral
PRNewsWire
1 month ago
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
Neutral
Business Wire
2 months ago
Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services
KENNESAW, Ga.--(BUSINESS WIRE)--Chaparral and Robalo Boats, in partnership with Yamaha Motor Finance Corporation, U.S.A. (Yamaha Financial Services), are excited to announce a new multi-year exclusive financing agreement. Beginning January 1, 2025, Yamaha Financial Services will become the exclusive provider of dealer inventory finance and the preferred provider of retail finance for both Chaparral and Robalo Boats in the U.S.A. and Canada. By leveraging robust finance programs and protection p.
Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services
Neutral
PRNewsWire
2 months ago
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
ATLANTA , Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 8:00 a.m.
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
Positive
Seeking Alpha
3 months ago
Marine Products: In The Midst Of A Rough Patch But Still Profitable
The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable.
Marine Products: In The Midst Of A Rough Patch But Still Profitable
Neutral
Seeking Alpha
4 months ago
Marine Products Corporation (MPX) Q2 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning.
Marine Products Corporation (MPX) Q2 2024 Earnings Call Transcript
Neutral
PRNewsWire
4 months ago
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , July 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the second quarter ended June 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
Neutral
PRNewsWire
5 months ago
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
ATLANTA , July 10, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 8:00 a.m.
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
Positive
Seeking Alpha
6 months ago
Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)
MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution.
Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)
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