11,747 Shares in Miller Industries, Inc. $MLR Purchased by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC acquired a new stake in Miller Industries, Inc. (NYSE:MLR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,747 shares of the auto parts company’s stock, valued at approximately $475,000. Redmont Wealth Advisors LLC owned approximately 0.10% of Miller Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MLR. State of Alaska Department of Revenue acquired a new stake in Miller Industries in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 329 shares during the last quarter. CWM LLC increased its position in Miller Industries by 121.7% during the 3rd quarter. CWM LLC now owns 849 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 466 shares during the period. State of Wyoming acquired a new position in shares of Miller Industries in the 3rd quarter worth approximately $113,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Miller Industries in the 2nd quarter valued at $125,000. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of Miller Industries stock opened at $43.31 on Thursday. Miller Industries, Inc. has a 52 week low of $33.81 and a 52 week high of $62.74. The company has a quick ratio of 2.13, a current ratio of 3.46 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $40.43 and a 200-day moving average price of $40.20. The company has a market cap of $494.98 million, a PE ratio of 16.66 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MLR. Weiss Ratings restated a “hold (c)” rating on shares of Miller Industries in a report on Monday, December 29th. Loop Capital set a $46.00 target price on Miller Industries in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.00.

Miller Industries Company Profile

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.