Miller Industries (NYSE:MLR) Stock Passes Above Two Hundred Day Moving Average of $48.80

Miller Industries, Inc. (NYSE:MLR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.80 and traded as high as $55.28. Miller Industries shares last traded at $54.24, with a volume of 105,554 shares changing hands.

Miller Industries Stock Up 0.4 %

The firm’s fifty day moving average price is $56.55 and its two-hundred day moving average price is $48.94. The stock has a market cap of $626.32 million, a price-to-earnings ratio of 9.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.36.

Miller Industries (NYSE:MLR) last posted its earnings results on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share for the quarter. Miller Industries had a net margin of 5.41% and a return on equity of 19.46%. The company had revenue of $349.87 million for the quarter.

Miller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, June 3rd. Miller Industries’s payout ratio is 13.26%.

Institutional Investors Weigh In On Miller Industries

A number of institutional investors have recently added to or reduced their stakes in the company. AJOVista LLC bought a new position in shares of Miller Industries during the 4th quarter valued at approximately $69,000. EntryPoint Capital LLC grew its position in shares of Miller Industries by 101.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 913 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Miller Industries by 52.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock valued at $79,000 after acquiring an additional 639 shares during the period. Blue Trust Inc. bought a new position in shares of Miller Industries during the 4th quarter valued at approximately $86,000. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Miller Industries during the 4th quarter valued at approximately $107,000. 79.24% of the stock is owned by institutional investors.

Miller Industries Company Profile

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.