Myers Industries, Inc. (NYSE:MYE) Director Bruce M. Lisman Buys 1,500 Shares

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

Myers Industries Trading Down 0.4 %

NYSE MYE opened at $11.25 on Wednesday. The company’s 50-day moving average price is $12.60 and its 200-day moving average price is $13.89. 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 stock has a market cap of $419.18 million, a PE ratio of 26.79 and a beta of 1.23. Myers Industries, Inc. has a 12 month low of $10.35 and a 12 month high of $23.63.

Myers Industries (NYSE:MYE) last posted 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). The company 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 quarter in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Myers Industries, Inc. will post 0.95 earnings per share for the current year.

Myers Industries Announces Dividend

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 dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries’s payout ratio is 128.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Myers Industries by 464.7% during the 3rd quarter. Barclays PLC now owns 74,072 shares of the industrial products company’s stock worth $1,024,000 after acquiring an additional 60,954 shares in the last quarter. Geode Capital Management LLC grew its holdings in Myers Industries by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 832,442 shares of the industrial products company’s stock worth $11,507,000 after acquiring an additional 10,666 shares in the last quarter. Wellington Management Group LLP grew its holdings in Myers Industries by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 323,538 shares of the industrial products company’s stock worth $4,471,000 after acquiring an additional 7,192 shares in the last quarter. State Street Corp grew its holdings in Myers Industries by 2.6% during the 3rd quarter. State Street Corp now owns 1,374,246 shares of the industrial products company’s stock worth $19,176,000 after acquiring an additional 35,456 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Myers Industries in the 3rd quarter valued at about $28,000. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, KeyCorp downgraded shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research note 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.