Methode Electronics (NYSE: MEI) reported fiscal 2027 first-quarter net sales of $265.4 million, up 10.4% from $240.5 million a year earlier. The company posted a net loss of $11.4 million, or $0.32 per diluted share, for the quarter ended August 1, 2026.
Industrial segment sales rose 27.0% to $156.8 million, while Automotive sales declined 0.4% to $105.7 million and Interface sales fell to $2.9 million. Methode affirmed its fiscal 2027 guidance.
- Gross profit was $47.7 million, compared with $43.5 million in the prior-year quarter.
- Loss from operations was $3.9 million, compared with operating income of $1.1 million a year earlier.
- Net cash used in operating activities was $7.8 million.
- The company repaid a net $10.1 million of debt during the quarter.
- Fiscal 2027 net-sales guidance remains $1.025 billion to $1.075 billion.
- After quarter-end, Methode extended certain revolving credit facility maturities to October 2028 and reduced the facility to $375 million.
$MEI Hedge Fund Activity
We have seen 88 institutional investors add shares of $MEI stock to their portfolio, and 93 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 2,377,854 shares (+inf%) to their portfolio in Q2 2026, for an estimated $45,107,890
- AIGH CAPITAL MANAGEMENT LLC added 1,678,409 shares (+inf%) to their portfolio in Q2 2026, for an estimated $31,839,418
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 974,384 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,484,064
- ACK ASSET MANAGEMENT LLC added 877,500 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,646,174
- IES HOLDINGS, INC. added 865,768 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,423,618
- DRIEHAUS CAPITAL MANAGEMENT LLC added 852,786 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,177,350
- 4D ADVISORS, LLC removed 500,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,760,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
