Shares of Metaldyne Performance Group Inc. (NYSE:MPG) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$18.50.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Metaldyne Performance Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Deutsche Bank AG cut their price target on Metaldyne Performance Group from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, August 5th. Bank of America Corp. lowered Metaldyne Performance Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada lowered Metaldyne Performance Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $18.00 to $14.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “buy” rating on shares of Metaldyne Performance Group in a research note on Sunday, July 3rd.
Several large investors have recently made changes to their positions in MPG. Geode Capital Management LLC increased its stake in shares of Metaldyne Performance Group by 6.2% in the first quarter. Geode Capital Management LLC now owns 152,806 shares of the company’s stock valued at $2,568,000 after buying an additional 8,868 shares during the period. I.G. Investment Management LTD. increased its stake in shares of Metaldyne Performance Group by 2.0% in the second quarter. I.G. Investment Management LTD. now owns 51,623 shares of the company’s stock valued at $710,000 after buying an additional 1,009 shares during the period. Aristotle Capital Boston LLC increased its stake in shares of Metaldyne Performance Group by 6.9% in the first quarter. Aristotle Capital Boston LLC now owns 217,107 shares of the company’s stock valued at $3,650,000 after buying an additional 13,964 shares during the period. Bogle Investment Management L P DE acquired a new stake in shares of Metaldyne Performance Group during the first quarter valued at about $928,000. Finally, State Street Corp increased its stake in shares of Metaldyne Performance Group by 53.7% in the first quarter. State Street Corp now owns 208,659 shares of the company’s stock valued at $3,508,000 after buying an additional 72,933 shares during the period. Institutional investors own 18.55% of the company’s stock.
Metaldyne Performance Group (NYSE:MPG) traded up 0.25% during trading on Tuesday, reaching $15.88. The company’s stock had a trading volume of 55,410 shares. The firm has a market cap of $1.07 billion, a P/E ratio of 10.15 and a beta of 1.75. The stock’s 50 day moving average is $15.89 and its 200-day moving average is $15.68. Metaldyne Performance Group has a 52 week low of $10.87 and a 52 week high of $24.62.
Metaldyne Performance Group (NYSE:MPG) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.09. The business earned $728 million during the quarter, compared to analyst estimates of $756.60 million. Metaldyne Performance Group had a return on equity of 18.57% and a net margin of 3.71%. Metaldyne Performance Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, equities research analysts forecast that Metaldyne Performance Group will post $1.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th were issued a $0.0925 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.37 annualized dividend and a dividend yield of 2.34%. Metaldyne Performance Group’s dividend payout ratio (DPR) is currently 23.57%.
About Metaldyne Performance Group
Metaldyne Performance Group Inc provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Company produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers.
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