Myers Industries (NYSE:MYE) Hits New 52-Week High – Here’s Why

Posted by Brian Himes on Jun 8th, 2026

Myers Industries, Inc. (NYSE:MYE – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $24.70 and last traded at $24.64, with a volume of 102206 shares. The stock had previously closed at $23.72.

Analysts Set New Price Targets

MYE has been the topic of several analyst reports. Wall Street Zen downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Read Our Latest Research Report on MYE

Myers Industries Stock Up 3.5%

The stock’s 50-day moving average price is $21.89 and its two-hundred day moving average price is $20.78. The stock has a market capitalization of $922.40 million, a PE ratio of 35.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.29 and a current ratio of 1.65.

Myers Industries (NYSE:MYE – Get Free Report) last released its earnings results on Thursday, May 7th. The industrial products company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Myers Industries had a net margin of 3.36% and a return on equity of 17.23%. The firm had revenue of $164.58 million for the quarter, compared to the consensus estimate of $209.30 million.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 17th. Myers Industries’s dividend payout ratio is 77.14%.

Institutional Trading of Myers Industries

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in Myers Industries during the 1st quarter valued at about $43,000. Bank of America Corp DE grew its position in Myers Industries by 2.0% during the 1st quarter. Bank of America Corp DE now owns 318,135 shares of the industrial products company’s stock valued at $6,738,000 after purchasing an additional 6,147 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Myers Industries by 5.9% during the 1st quarter. Quantinno Capital Management LP now owns 48,499 shares of the industrial products company’s stock valued at $1,027,000 after acquiring an additional 2,709 shares during the period. Lazard Asset Management LLC lifted its stake in Myers Industries by 69.8% during the 1st quarter. Lazard Asset Management LLC now owns 155,766 shares of the industrial products company’s stock valued at $3,299,000 after acquiring an additional 64,018 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Myers Industries by 10.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 712,692 shares of the industrial products company’s stock valued at $15,095,000 after acquiring an additional 67,080 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Myers Industries

(Get Free Report)

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.