Bruce M. Lisman Acquires 1,500 Shares of Myers Industries, Inc. (NYSE:MYE) Stock

Myers Industries, Inc. (NYSE:MYE) Director Bruce M. Lisman purchased 1,500 shares of Myers Industries stock in a transaction on Monday, November 25th. The stock was bought at an average price of $11.63 per share, for a total transaction of $17,445.00. Following the transaction, the director now directly owns 61,093 shares in the company, valued at approximately $710,511.59. The trade was a 2.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Myers Industries Trading Up 1.7 %

MYE opened at $11.44 on Thursday. Myers Industries, Inc. has a twelve month low of $10.35 and a twelve month high of $23.63. The company has a fifty day moving average of $12.54 and a 200-day moving average of $13.85. The stock has a market cap of $426.25 million, a PE ratio of 27.24 and a beta of 1.23. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36.

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

Myers Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 yield of 4.72%. Myers Industries’s payout ratio is currently 128.57%.

Hedge Funds Weigh In On Myers Industries

Several institutional investors have recently added to or reduced their stakes in MYE. nVerses Capital LLC acquired a new position in shares of Myers Industries during the 2nd quarter valued at $25,000. Point72 DIFC Ltd acquired a new position in shares of Myers Industries during the third quarter valued at about $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 stake in shares of Myers Industries in the 3rd quarter valued at about $85,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Myers Industries in the 1st quarter valued at about $91,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.