Myers Industries, Inc. (NYSE:MYE - Get Free Report) Director Bruce M. Lisman purchased 1,500 shares of the stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $11.63 per share, for a total transaction of $17,445.00. Following the completion of the acquisition, the director now directly owns 61,093 shares in the company, valued at approximately $710,511.59. This represents a 2.52 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Myers Industries Stock Performance
Shares of Myers Industries stock opened at $11.25 on Wednesday. The firm has a market capitalization of $419.18 million, a P/E ratio of 26.79 and a beta of 1.23. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average price of $12.60 and a 200 day moving average price of $13.89. Myers Industries, Inc. has a 52 week low of $10.35 and a 52 week high of $23.63.
Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. The business had revenue of $205.07 million for the quarter. During the same period in the previous year, the company earned $0.38 earnings per share. Sell-side analysts expect that Myers Industries, Inc. will post 0.95 EPS for the current year.
Myers Industries Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, December 3rd. Myers Industries's dividend payout ratio is presently 128.57%.
Institutional Investors Weigh In On Myers Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP grew its stake in shares of Myers Industries by 8.0% during the 3rd quarter. Quantbot Technologies LP now owns 11,427 shares of the industrial products company's stock worth $158,000 after purchasing an additional 846 shares during the period. nVerses Capital LLC grew its stake in shares of Myers Industries by 57.9% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the industrial products company's stock worth $41,000 after purchasing an additional 1,100 shares during the period. Foundry Partners LLC grew its stake in Myers Industries by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 127,508 shares of the industrial products company's stock valued at $1,762,000 after acquiring an additional 1,220 shares during the period. The Manufacturers Life Insurance Company grew its stake in Myers Industries by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,959 shares of the industrial products company's stock valued at $200,000 after acquiring an additional 1,357 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Myers Industries in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 90.82% of the company's stock.
Analysts Set New Price Targets
Separately, KeyCorp lowered shares of Myers Industries from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, November 6th.
Check Out Our Latest Research Report on MYE
About Myers Industries
(
Get Free Report)
Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.
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