Myers Industries, Inc. (NYSE:MYE - Get Free Report) Director Lori A. Lutey purchased 1,000 shares of the company's stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $12.15 per share, for a total transaction of $12,150.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company's stock, valued at approximately $151,875. This represents a 8.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Myers Industries Stock Performance
NYSE MYE opened at $11.85 on Friday. The firm has a market capitalization of $441.53 million, a P/E ratio of 28.21 and a beta of 1.22. The firm's fifty day moving average price is $12.18 and its two-hundred day moving average price is $13.63. Myers Industries, Inc. has a 1 year low of $10.35 and a 1 year high of $23.63. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36.
Myers Industries (NYSE:MYE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company had revenue of $205.07 million during the quarter. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, research analysts anticipate that Myers Industries, Inc. will post 0.95 EPS for the current year.
Myers Industries Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 3rd will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries's payout ratio is presently 128.57%.
Hedge Funds Weigh In On Myers Industries
Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in shares of Myers Industries in the third quarter valued at about $246,000. Victory Capital Management Inc. acquired a new position in shares of Myers Industries in the second quarter valued at about $13,684,000. Intech Investment Management LLC acquired a new position in shares of Myers Industries in the third quarter valued at about $972,000. American Century Companies Inc. grew its stake in shares of Myers Industries by 12.3% in the second quarter. American Century Companies Inc. now owns 556,131 shares of the industrial products company's stock valued at $7,441,000 after acquiring an additional 60,935 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of Myers Industries by 60.0% in the second quarter. ClariVest Asset Management LLC now owns 200,266 shares of the industrial products company's stock valued at $2,680,000 after acquiring an additional 75,108 shares in the last quarter. 90.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, KeyCorp lowered shares of Myers Industries from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, November 6th.
Read Our Latest Report on Myers Industries
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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