Miller Industries (NYSE:MLR) Stock Gets Downgrade from Wall Street Zen

Posted by Brian Himes on Oct 26th, 2026

Miller Industries (NYSE:MLR – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Miller Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. DA Davidson increased their target price on Miller Industries from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Miller Industries in a research note on Monday, September 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Miller Industries has a consensus rating of “Hold” and an average price target of $54.00.

View Our Latest Stock Report on Miller Industries

Miller Industries Stock Performance

Shares of NYSE MLR opened at $51.43 on Friday. Miller Industries has a 1 year low of $35.72 and a 1 year high of $59.70. The firm’s 50 day moving average price is $54.40 and its 200 day moving average price is $51.04. The firm has a market cap of $583.73 million, a P/E ratio of 41.48 and a beta of 1.12.

Miller Industries (NYSE:MLR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.27. Miller Industries had a return on equity of 3.41% and a net margin of 1.86%. The company had revenue of $239.99 million during the quarter, compared to the consensus estimate of $210.80 million. As a group, equities analysts predict that Miller Industries will post 1.95 EPS for the current year.

Hedge Funds Weigh In On Miller Industries

A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Miller Industries by 124.1% during the 1st quarter. Sei Investments Co. now owns 46,565 shares of the auto parts company’s stock valued at $2,121,000 after buying an additional 25,785 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Miller Industries in the 2nd quarter worth $5,985,000. Heartland Advisors Inc. purchased a new position in shares of Miller Industries in the 1st quarter worth $5,466,000. Punch & Associates Investment Management Inc. raised its position in shares of Miller Industries by 36.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 110,477 shares of the auto parts company’s stock worth $5,032,000 after buying an additional 29,291 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Miller Industries in the second quarter valued at $1,187,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

About Miller Industries

(Get Free Report)

Miller Industries, Inc designs, manufactures and sells towing and recovery equipment. Its product portfolio includes light-, medium- and heavy-duty tow trucks, vehicle carriers, wreckers, rotators, underlift systems and related equipment used to recover, transport and service disabled vehicles.

The company markets products under brands including Century, Vulcan, Chevron, Holmes and Champion. It also provides replacement parts and related support for its equipment. Miller Industries sells through a network of distributors and dealers to towing operators, transportation companies, government agencies and other commercial customers.

Headquartered in Ooltewah, Tennessee, Miller Industries serves customers in North America and international markets.