Insider Buying: Myers Industries, Inc. (NYSE:MYE) Director Buys $17,445.00 in Stock

Myers Industries, Inc. (NYSE:MYE) Director Bruce M. Lisman purchased 1,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $11.63 per share, with a total value of $17,445.00. Following the purchase, the director now owns 61,093 shares in the company, valued at $710,511.59. This represents a 2.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Myers Industries Stock Performance

NYSE:MYE opened at $11.45 on Friday. The firm has a market capitalization of $426.63 million, a PE ratio of 27.26 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 company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The firm’s fifty day simple moving average is $12.49 and its 200 day simple moving average is $13.83.

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

Myers Industries Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. nVerses Capital LLC bought a new position in Myers Industries during the second quarter worth $25,000. Point72 DIFC Ltd acquired a new stake in Myers Industries in the 3rd quarter worth $28,000. Point72 Asset Management L.P. bought a new position in shares of Myers Industries during the 3rd quarter worth about $72,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Myers Industries during the third quarter valued at about $85,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Myers Industries in the first quarter valued at about $91,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Myers Industries

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.