Myers Industries, Inc. (NYSE:MYE - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.38 and traded as high as $22.59. Myers Industries shares last traded at $22.3470, with a volume of 104,461 shares trading hands.
Wall Street Analyst Weigh In
MYE has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Myers Industries in a research note on Thursday, January 22nd. Zacks Research raised shares of Myers Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen downgraded shares of Myers Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.00.
Get Our Latest Stock Report on Myers Industries
Myers Industries Stock Up 0.3%
The company has a market cap of $835.78 million, a PE ratio of 24.03 and a beta of 1.09. The company's 50 day moving average is $21.60 and its 200 day moving average is $19.38. The company has a current ratio of 1.67, a quick ratio of 1.16 and a debt-to-equity ratio of 1.08.
Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The company had revenue of $203.97 million for the quarter, compared to the consensus estimate of $202.60 million. Myers Industries had a net margin of 4.23% and a return on equity of 14.46%. As a group, analysts predict that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.
Myers Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 13th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, March 13th. Myers Industries's dividend payout ratio (DPR) is currently 58.06%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Myers Industries by 36.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,904 shares of the industrial products company's stock worth $36,000 after acquiring an additional 505 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Myers Industries by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,871 shares of the industrial products company's stock worth $248,000 after acquiring an additional 708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Myers Industries by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company's stock worth $260,000 after acquiring an additional 936 shares in the last quarter. Franklin Resources Inc. grew its holdings in Myers Industries by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 28,708 shares of the industrial products company's stock worth $486,000 after acquiring an additional 1,081 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Myers Industries by 5.4% during the 4th quarter. LPL Financial LLC now owns 21,945 shares of the industrial products company's stock worth $411,000 after acquiring an additional 1,133 shares in the last quarter. 90.82% of the stock is currently owned by 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.
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