Lazard Asset Management LLC Buys 64,018 Shares of Myers Industries, Inc. $MYE

Lazard Asset Management LLC lifted its position in Myers Industries, Inc. (NYSE:MYE) by 69.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 155,766 shares of the industrial products company’s stock after purchasing an additional 64,018 shares during the period. Lazard Asset Management LLC’s holdings in Myers Industries were worth $3,299,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in Myers Industries by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 712,692 shares of the industrial products company’s stock valued at $15,095,000 after acquiring an additional 67,080 shares in the last quarter. Caxton Associates LLP purchased a new stake in Myers Industries in the 1st quarter worth approximately $205,000. Sei Investments Co. lifted its stake in Myers Industries by 77.5% in the 1st quarter. Sei Investments Co. now owns 358,375 shares of the industrial products company’s stock worth $7,590,000 after purchasing an additional 156,470 shares in the last quarter. First Trust Advisors LP boosted its holdings in Myers Industries by 29.9% in the 1st quarter. First Trust Advisors LP now owns 14,611 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 3,360 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Myers Industries by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,420 shares of the industrial products company’s stock valued at $33,663,000 after purchasing an additional 39,565 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MYE shares. Weiss Ratings raised shares of Myers Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen raised Myers Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp boosted their target price on Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Myers Industries currently has an average rating of “Hold” and an average price target of $37.00.

More Myers Industries News

Here are the key news stories impacting Myers Industries this week:

• Positive Sentiment: Quarterly results beat expectations: Second-quarter sales increased 9.8% year over year to $179.2 million, above the $166 million consensus estimate. Adjusted EPS was reported at approximately $0.50-$0.53, versus expectations of $0.36. Net income more than doubled to $20.0 million, while operating income reached $31.2 million. Myers Industries Announces 2026 Second Quarter Results
• Positive Sentiment: Strong end-market performance: Infrastructure sales rose 52% and Food & Beverage sales climbed 48%. Management said infrastructure growth should remain strong, with moderate growth expected in Industrial and Food & Beverage markets. Myers Industries Q2 Revenue Rises 9.8 Percent
• Positive Sentiment: Defense expansion supports the growth outlook: Scepter, Myers’ military-packaging business, launched European production of ammunition containers and is expanding its manufacturing footprint to Poland. Management sees ammunition-packaging revenue growing at a 10%-15% compound annual rate through 2028, potentially improving European sales and capacity. Myers Industries Expands Defense Manufacturing Footprint to Poland
• Positive Sentiment: Healthy cash generation and liquidity: Operating cash flow was $32.1 million and free cash flow was $26.5 million. Total liquidity stood at $292.3 million after the company refinanced and extended its credit facilities, providing flexibility for expansion. Myers Industries Posts Strong Second-Quarter 2026 Results
• Negative Sentiment: Some markets remain weak: Vehicle sales declined 19% and Consumer sales fell 14%, underscoring continued exposure to cyclical and softer-demand end markets. The stock’s elevated valuation, including a price-to-earnings ratio near 49, may also limit upside if growth slows.

Myers Industries Trading Up 4.2%

NYSE MYE opened at $34.36 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.61 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $28.72 and its two-hundred day simple moving average is $23.96. Myers Industries, Inc. has a twelve month low of $12.96 and a twelve month high of $36.00. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 35.42 and a beta of 0.88.

Myers Industries (NYSE:MYE) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. The firm had revenue of $179.20 million during the quarter, compared to analysts’ expectations of $166.00 million. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.

Myers Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were paid a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.54 annualized dividend and a yield of 1.6%. Myers Industries’s dividend payout ratio is currently 77.14%.

About Myers Industries

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.