Myers Industries, Inc. (NYSE:MYE - Get Free Report) Director William A. Foley acquired 1,000 shares of Myers Industries stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of $12.03 per share, with a total value of $12,030.00. Following the transaction, the director now owns 47,431 shares in the company, valued at $570,594.93. This represents a 2.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Myers Industries Trading Down 3.3 %
NYSE:MYE opened at $11.50 on Wednesday. The stock has a market cap of $428.30 million, a price-to-earnings ratio of 27.37 and a beta of 1.22. 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's 50 day moving average price is $12.33 and its 200-day moving average price is $13.71. 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 issued its earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The business had revenue of $205.07 million for the quarter. During the same quarter last year, the company posted $0.38 EPS. On average, equities research analysts forecast that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.
Myers Industries Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries's dividend payout ratio (DPR) is 128.57%.
Hedge Funds Weigh In On Myers Industries
Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of Myers Industries during the 2nd quarter valued at $25,000. Point72 DIFC Ltd purchased a new stake in Myers Industries during the third quarter valued at $28,000. Point72 Asset Management L.P. bought a new position in Myers Industries in the third quarter valued at about $72,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Myers Industries in the third quarter worth about $85,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Myers Industries during the 1st quarter valued at about $91,000. Institutional investors own 90.82% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, KeyCorp downgraded Myers Industries from an "overweight" rating to a "sector weight" rating in a report on Wednesday, November 6th.
View Our Latest Stock Report on MYE
Myers Industries Company Profile
(
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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