Oliver Luxxe Assets LLC decreased its position in Myers Industries, Inc. (NYSE:MYE – Free Report) by 37.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,799 shares of the industrial products company’s stock after selling 41,356 shares during the quarter. Oliver Luxxe Assets LLC owned about 0.18% of Myers Industries worth $2,394,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Myers Industries by 44.5% in the 1st quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 7,607 shares during the period. AQR Capital Management LLC increased its position in Myers Industries by 148.8% during the 1st quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company’s stock worth $1,992,000 after buying an additional 99,881 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Myers Industries by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company’s stock worth $260,000 after buying an additional 936 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Myers Industries by 2.7% during the first quarter. Millennium Management LLC now owns 911,626 shares of the industrial products company’s stock worth $10,876,000 after buying an additional 23,866 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Myers Industries by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company’s stock valued at $3,829,000 after acquiring an additional 34,787 shares during the period. Institutional investors own 90.82% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MYE. Weiss Ratings raised shares of Myers Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Myers Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, KeyCorp raised their target price on shares of Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.00.
Myers Industries Trading Down 1.5%
NYSE:MYE opened at $34.48 on Friday. The firm’s fifty day moving average is $29.99 and its 200-day moving average is $24.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.21 and a current ratio of 1.61. Myers Industries, Inc. has a 52 week low of $15.54 and a 52 week high of $37.45. The firm has a market cap of $1.30 billion, a P/E ratio of 35.55 and a beta of 0.89.
Myers Industries (NYSE:MYE – Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. Myers Industries had a net margin of 4.86% and a return on equity of 19.86%. The business had revenue of $179.20 million during the quarter, compared to the consensus estimate of $166.00 million.
Myers Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, June 17th. Myers Industries’s payout ratio is presently 55.67%.
About Myers Industries
Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.
Myers operates primarily through two business segments.
Featured Stories
- Five stocks we like better than Myers Industries
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Receive News & Ratings for Myers Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Myers Industries and related companies with MarketBeat.com's FREE daily email newsletter.
