Myers Industries, Inc. (MYE) Shares Bought by Thompson Davis & CO. Inc.
Thompson Davis & CO. Inc. grew its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 44.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,656 shares of the industrial products company’s stock after acquiring an additional 1,738 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Myers Industries were worth $102,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its stake in shares of Myers Industries by 183.5% during the 2nd quarter. KBC Group NV now owns 5,695 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 3,686 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Myers Industries by 99.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,637 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 4,315 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Myers Industries by 0.9% during the 1st quarter. Arizona State Retirement System now owns 11,386 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 100 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Myers Industries during the 1st quarter valued at about $187,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Myers Industries during the 2nd quarter valued at about $213,000. 84.39% of the stock is owned by institutional investors.
A number of research analysts have recently commented on MYE shares. Zacks Investment Research downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub cut Myers Industries from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, KeyCorp reiterated a “sell” rating on shares of Myers Industries in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.50.
Shares of Myers Industries, Inc. (NYSE MYE) remained flat at $18.55 during mid-day trading on Friday. The stock had a trading volume of 73,474 shares. Myers Industries, Inc. has a 52-week low of $11.35 and a 52-week high of $19.45. The stock’s 50 day moving average is $17.88 and its 200-day moving average is $16.90. The stock has a market capitalization of $561.23 million, a price-to-earnings ratio of 139.47 and a beta of 1.77.
Myers Industries (NYSE:MYE) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Myers Industries had a return on equity of 10.71% and a net margin of 0.74%. The company had revenue of $142.30 million during the quarter, compared to the consensus estimate of $142.95 million. During the same period last year, the business earned $0.21 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Myers Industries, Inc. will post $0.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 7th. Myers Industries’s dividend payout ratio (DPR) is presently 415.38%.
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Myers Industries Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.
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