Miller Industries (MLR) Stock Price, News & Analysis

Company Overview

Miller Industries, Inc. (NYSE: MLR) is a leading global designer and manufacturer of towing and recovery equipment for the automotive service industry. Headquartered in Ooltewah, Tennessee, the company produces a wide range of heavy‐duty towing solutions, including rotators, flatbeds, wheel‐lift systems and specialty carriers. Its product portfolio is marketed under well‐known brands such as Century, Vulcan, Chevron, Holmes, Tiger, Jige and Boniface, serving professional tow operators, law enforcement agencies and municipal fleets.

The company operates manufacturing facilities across the United States, Canada and the United Kingdom, enabling it to meet diverse customer requirements and quickly adapt to regional regulations. Miller Industries’ engineering teams focus on vehicle integration, hydraulic systems and safety enhancements, ensuring that each unit offers reliability and ease of operation. In addition to standard equipment, the company provides custom‐built solutions for oversized load recovery, industrial applications and disaster response.

Since its founding in 1990 by William G. Miller, the company has pursued growth through strategic acquisitions and product innovation. Key milestones include the acquisitions of Chevron Manufacturing in 2001, Vulcan Industries in 2002, Jige in 2017 and Boniface in 2018, each of which expanded its technological capabilities and geographic footprint. Over three decades, Miller Industries has established a network of independent distributors and dealers, supporting customers with training, parts distribution and after‐sales service.

Under the leadership of Executive Chairman William G. Miller Jr. and President & CEO Michael F. Miller, the company continues to emphasize quality manufacturing, customer support and technological advancement. With a focus on safety, durability and environmental compliance, Miller Industries maintains a strong industry reputation and serves markets across North America, Europe and select international regions.

Key Stats

• Today's Range: $46.30 to $47.24
• 50-Day Range: $40.99 to $47.28
• 52-Week Range: $37.40 to $78.25
• Volume: 31,203 shs
• Average Volume: 95,272 shs
• Market Capitalization: $532.66 million
• P/E Ratio: 9.87
• Dividend Yield: 1.72%
• Price Target: $64.00
• Consensus Rating: Buy

Miller Industries Stock Analysis - MarketRank™

Miller Industries scored higher than 69% of companies evaluated by MarketBeat, and ranked 34th out of 87 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Miller Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Miller Industries has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.58%

Earnings Growth

Earnings for Miller Industries are expected to grow by 4.58% in the coming year, from $5.68 to $5.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Miller Industries is 9.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Miller Industries is 9.87, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 24.04.

Price to Book Value per Share Ratio

Miller Industries has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.53% of the float of Miller Industries has been sold short.

Short Interest Ratio / Days to Cover

Miller Industries has a short interest ratio ("days to cover") of 10.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Miller Industries has recently decreased by 2.62%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Miller Industries pays a meaningful dividend of 1.72%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Miller Industries has only been increasing its dividend for 2 years.

Dividend Coverage

The dividend payout ratio of Miller Industries is 16.99%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Miller Industries will have a dividend payout ratio of 13.47% next year. This indicates that Miller Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.53% of the float of Miller Industries has been sold short.

Short Interest Ratio / Days to Cover

Miller Industries has a short interest ratio ("days to cover") of 10.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Miller Industries has recently decreased by 2.62%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.04

News Sentiment

Miller Industries has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Miller Industries this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added Miller Industries to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Miller Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.40% of the stock of Miller Industries is held by insiders.

Percentage Held by Institutions

79.24% of the stock of Miller Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MLR Stock Analysis - Frequently Asked Questions

How have MLR shares performed this year?

Miller Industries' stock was trading at $65.36 on January 1st, 2025. Since then, MLR shares have decreased by 28.9% and is now trading at $46.48.

How were Miller Industries' earnings last quarter?

Miller Industries, Inc. (NYSE:MLR) posted its quarterly earnings results on Wednesday, May, 7th. The auto parts company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. The auto parts company earned $225.65 million during the quarter, compared to analyst estimates of $224.35 million. Miller Industries had a trailing twelve-month return on equity of 13.78% and a net margin of 4.81%.
Read the conference call transcript.

How do I buy shares of Miller Industries?

Shares of MLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Miller Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Miller Industries investors own include SPDR S&P 500 ETF Trust (SPY), Dell Technologies (DELL), V.F. (VFC), Vanguard S&P 500 ETF (VOO), Walmart (WMT), NVIDIA (NVDA) and Meta Platforms (META).

Company Calendar

• Last Earnings: 5/07/2025
• Record date for 6/9 Dividend: 6/02/2025
• Ex-Dividend for 6/9 Dividend: 6/02/2025
• Dividend Payable: 6/09/2025
• Today: 7/06/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: AUTO/TRUCK - ORIG
• Sub-Industry: Construction & Farm Machinery & Heavy Trucks
• Current Symbol: NYSE:MLR
• CIK: 924822
• Web: www.millerind.com
• Phone: (423) 238-4171
• Fax: 423-238-5371
• Employees: 1,711
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $64.00
• High Stock Price Target: $64.00
• Low Stock Price Target: $64.00
• Potential Upside/Downside: +37.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.71
• Trailing P/E Ratio: 9.87
• Forward P/E Ratio: 8.18
• P/E Growth: N/A
• Net Income: $63.49 million
• Net Margins: 4.81%
• Pretax Margin: 6.13%
• Return on Equity: 13.78%
• Return on Assets: 7.76%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 3.23
• Quick Ratio: 2.16

Sales & Book Value

• Annual Sales: $1.26 billion
• Price / Sales: 0.42
• Cash Flow: $6.79 per share
• Price / Cash Flow: 6.85
• Book Value: $35.06 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 11,460,000
• Free Float: 10,955,000
• Market Cap: $532.66 million
• Optionable: Optionable
• Beta: 1.22