Myers Industries (NYSE:MYE) Cut to Hold at Wall Street Zen

Posted by George Bondi on Nov 3rd, 2026

Wall Street Zen cut shares of Myers Industries (NYSE:MYE – Free Report) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised Myers Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.00.

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Myers Industries Price Performance

Shares of NYSE:MYE opened at $29.01 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 38.17 and a beta of 0.83. The business has a fifty day moving average price of $31.37 and a 200-day moving average price of $26.60. Myers Industries has a 1-year low of $16.66 and a 1-year high of $37.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 1.21.

Myers Industries (NYSE:MYE – Get Free Report) last issued its earnings results on Thursday, October 29th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). Myers Industries had a return on equity of 19.86% and a net margin of 4.86%. The firm had revenue of $171.34 million during the quarter, compared to the consensus estimate of $163.80 million. During the same quarter in the prior year, the company posted $0.19 EPS.

Myers Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.1350 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, December 4th. Myers Industries’s dividend payout ratio is presently 71.05%.

Institutional Trading of Myers Industries

A number of hedge funds have recently bought and sold shares of MYE. Public Employees Retirement System of Ohio purchased a new position in Myers Industries in the second quarter worth about $40,000. NewEdge Advisors LLC bought a new position in shares of Myers Industries in the 1st quarter worth approximately $43,000. Integrated Wealth Concepts LLC bought a new position in shares of Myers Industries in the 2nd quarter worth approximately $112,000. Quantbot Technologies LP purchased a new position in shares of Myers Industries in the second quarter worth approximately $192,000. Finally, Caxton Associates LLP bought a new stake in Myers Industries during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Myers Industries Company Profile

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Myers Industries, Inc is a manufacturer and distributor of products serving industrial, agricultural, automotive, commercial and consumer markets. Founded in 1933 and headquartered in Akron, Ohio, the company operates primarily in North America.

Through its material-handling businesses, Myers Industries produces reusable plastic containers, totes, pallets, drums, tanks and other molded products. These products are used to store, transport and protect materials across industries such as manufacturing, food processing, agriculture, healthcare and logistics.

The company also distributes tire-service supplies, equipment and related products to tire dealers, retreaders, commercial fleets and automotive service providers.