Myers Industries, Inc. (NYSE:MYE - Get Free Report) CEO Dave Basque bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $11.33 per share, for a total transaction of $56,650.00. Following the transaction, the chief executive officer now owns 29,152 shares in the company, valued at $330,292.16. The trade was a 20.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Dave Basque also recently made the following trade(s):
- On Monday, December 9th, Dave Basque purchased 5,000 shares of Myers Industries stock. The shares were bought at an average cost of $12.41 per share, for a total transaction of $62,050.00.
- On Thursday, December 5th, Dave Basque purchased 5,000 shares of Myers Industries stock. The shares were bought at an average cost of $12.13 per share, for a total transaction of $60,650.00.
Myers Industries Stock Performance
Shares of NYSE MYE opened at $12.08 on Wednesday. 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, Inc. has a 12 month low of $10.35 and a 12 month high of $23.63. The stock has a 50 day moving average of $12.12 and a 200-day moving average of $13.55. The company has a market capitalization of $450.10 million, a P/E ratio of 28.76 and a beta of 1.22.
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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 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 prior year, the company earned $0.38 EPS. As a group, equities research analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current year.
Myers Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be paid a $0.135 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a yield of 4.47%. Myers Industries's dividend payout ratio (DPR) is presently 128.57%.
Analyst Ratings Changes
Separately, KeyCorp lowered Myers Industries from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, November 6th.
Get Our Latest Research Report on MYE
Institutional Trading of Myers Industries
Several institutional investors have recently added to or reduced their stakes in MYE. Cetera Advisors LLC bought a new stake in Myers Industries in the 1st quarter valued at $462,000. Panagora Asset Management Inc. raised its holdings in Myers Industries by 54.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 188,566 shares of the industrial products company's stock valued at $2,523,000 after acquiring an additional 66,084 shares in the last quarter. nVerses Capital LLC acquired a new position in Myers Industries in the 2nd quarter valued at $25,000. Hodges Capital Management Inc. raised its holdings in Myers Industries by 336.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 105,800 shares of the industrial products company's stock valued at $1,416,000 after acquiring an additional 81,550 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Myers Industries in the 2nd quarter valued at $13,684,000. 90.82% of the stock is currently owned by institutional investors.
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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