Thrivent Financial for Lutherans Has $1.67 Million Stock Holdings in Methode Electronics, Inc. (NYSE:MEI)

Thrivent Financial for Lutherans lowered its position in shares of Methode Electronics, Inc. (NYSE:MEI – Get Rating) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,516 shares of the electronics maker’s stock after selling 472 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Methode Electronics were worth $1,665,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SummerHaven Investment Management LLC raised its holdings in Methode Electronics by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 22,257 shares of the electronics maker’s stock worth $988,000 after acquiring an additional 255 shares during the period. QV Investors Inc. boosted its holdings in shares of Methode Electronics by 5.2% in the 4th quarter. QV Investors Inc. now owns 5,910 shares of the electronics maker’s stock worth $262,000 after acquiring an additional 290 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Methode Electronics by 0.9% in the 1st quarter. Citigroup Inc. now owns 37,354 shares of the electronics maker’s stock worth $1,616,000 after acquiring an additional 315 shares in the last quarter. Mission Wealth Management LP boosted its holdings in shares of Methode Electronics by 1.6% in the 4th quarter. Mission Wealth Management LP now owns 21,341 shares of the electronics maker’s stock worth $947,000 after acquiring an additional 328 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Methode Electronics by 3.3% in the 4th quarter. Arizona State Retirement System now owns 10,369 shares of the electronics maker’s stock worth $460,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MEI shares. StockNews.com raised Methode Electronics from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Robert W. Baird reduced their price objective on shares of Methode Electronics from $52.00 to $49.00 in a research note on Monday, March 13th.

Methode Electronics Stock Performance

Shares of MEI stock opened at $41.92 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 18.23 and a beta of 1.12. Methode Electronics, Inc. has a 12 month low of $33.91 and a 12 month high of $51.38. The company’s fifty day simple moving average is $41.72 and its 200-day simple moving average is $44.83. The company has a quick ratio of 2.60, a current ratio of 3.51 and a debt-to-equity ratio of 0.21.

Methode Electronics (NYSE:MEI – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The electronics maker reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The firm had revenue of $280.10 million during the quarter, compared to analyst estimates of $284.50 million. Methode Electronics had a net margin of 7.30% and a return on equity of 9.29%. Equities research analysts expect that Methode Electronics, Inc. will post 2.5 EPS for the current fiscal year.

Methode Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.34%. Methode Electronics’s dividend payout ratio (DPR) is presently 24.35%.

About Methode Electronics

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Methode Electronics, Inc engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers.