Miller Industries (NYSE:MLR) Hits New 12-Month High – Should You Buy?

Posted by Brenda Bartman on Aug 12th, 2026

Miller Industries, Inc. (NYSE:MLR – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $56.60 and last traded at $56.30, with a volume of 157810 shares. The stock had previously closed at $54.59.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MLR. DA Davidson upped their price target on Miller Industries from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research upgraded Miller Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miller Industries in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Miller Industries from a “hold” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Miller Industries presently has an average rating of “Hold” and an average target price of $54.00.

Read Our Latest Research Report on MLR

Miller Industries Price Performance

The firm has a market capitalization of $639.12 million, a PE ratio of 45.40 and a beta of 1.11. The company has a fifty day moving average of $50.11 and a 200-day moving average of $47.02.

Miller Industries (NYSE:MLR – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.27. The company had revenue of $239.99 million for the quarter, compared to analyst estimates of $210.80 million. Miller Industries had a net margin of 1.86% and a return on equity of 3.41%. Equities analysts anticipate that Miller Industries, Inc. will post 1.9 EPS for the current year.

Miller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 8th. Miller Industries’s dividend payout ratio (DPR) is presently 67.74%.

Institutional Investors Weigh In On Miller Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Miller Industries by 200.0% in the fourth quarter. IFP Advisors Inc now owns 906 shares of the auto parts company’s stock valued at $34,000 after buying an additional 604 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock valued at $37,000 after buying an additional 329 shares during the period. Russell Investments Group Ltd. lifted its stake in Miller Industries by 736.0% in the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,001 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Miller Industries during the 2nd quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Miller Industries in the 3rd quarter valued at about $159,000. 79.24% of the stock is owned by institutional investors and hedge funds.

About Miller Industries

(Get Free Report)

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.