Yvette Dapremont Bright Acquires 1,000 Shares of Myers Industries, Inc. (NYSE:MYE) Stock

Myers Industries, Inc. (NYSE:MYE) Director Yvette Dapremont Bright purchased 1,000 shares of Myers Industries stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $11.60 per share, with a total value of $11,600.00. Following the completion of the transaction, the director now directly owns 20,961 shares of the company’s stock, valued at $243,147.60. This represents a 5.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Myers Industries Stock Performance

Shares of Myers Industries stock traded up $0.19 during midday trading on Wednesday, hitting $11.44. The company had a trading volume of 813,531 shares, compared to its average volume of 298,639. The stock has a market cap of $426.25 million, a PE ratio of 27.38 and a beta of 1.23. Myers Industries, Inc. has a 1-year low of $10.35 and a 1-year high of $23.63. The business’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $13.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11.

Myers Industries (NYSE:MYE) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $205.07 million during the quarter. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, equities analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current fiscal year.

Myers Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.72%. Myers Industries’s dividend payout ratio is 128.57%.

Analysts Set New Price Targets

Separately, KeyCorp lowered shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th.

Institutional Trading of Myers Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Myers Industries by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 2,846,620 shares of the industrial products company’s stock worth $65,956,000 after buying an additional 182,215 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Myers Industries during the 2nd quarter worth $13,684,000. GSA Capital Partners LLP acquired a new stake in shares of Myers Industries during the 3rd quarter worth $246,000. American Century Companies Inc. grew its holdings in shares of Myers Industries by 12.3% during the 2nd quarter. American Century Companies Inc. now owns 556,131 shares of the industrial products company’s stock worth $7,441,000 after purchasing an additional 60,935 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in shares of Myers Industries by 60.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 200,266 shares of the industrial products company’s stock worth $2,680,000 after buying an additional 75,108 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.