Miller Industries, Inc. (NYSE:MLR - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $51.67 and last traded at $51.64, with a volume of 2366 shares trading hands. The stock had previously closed at $50.66.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Miller Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 7th.
View Our Latest Report on Miller Industries
Miller Industries Stock Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 2.17. The stock has a market cap of $595.08 million, a PE ratio of 10.25 and a beta of 1.04. The company's 50 day simple moving average is $45.47 and its 200 day simple moving average is $41.60.
Miller Industries (NYSE:MLR - Get Free Report) last released its earnings results on Wednesday, March 6th. The auto parts company reported $1.45 earnings per share for the quarter. Miller Industries had a net margin of 5.05% and a return on equity of 17.97%. The firm had revenue of $296.25 million during the quarter.
Miller Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 18th were given a dividend of $0.19 per share. This is an increase from Miller Industries's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, March 15th. Miller Industries's dividend payout ratio is currently 14.99%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Miller Industries by 241.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,229 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 869 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Miller Industries by 107.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,444 shares of the auto parts company's stock worth $38,000 after buying an additional 749 shares during the period. AJOVista LLC bought a new position in Miller Industries in the 4th quarter worth approximately $69,000. UBS Group AG boosted its holdings in Miller Industries by 63.1% in the 3rd quarter. UBS Group AG now owns 2,076 shares of the auto parts company's stock worth $44,000 after buying an additional 803 shares during the period. Finally, Blue Trust Inc. bought a new position in Miller Industries in the 4th quarter worth approximately $86,000. 79.24% of the stock is owned by institutional investors.
About Miller Industries
(
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Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.
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