Principal Financial Group Inc. Has $1.47 Million Stock Holdings in Myers Industries, Inc. $MYE

Principal Financial Group Inc. increased its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 86.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 69,583 shares of the industrial products company’s stock after acquiring an additional 32,340 shares during the quarter. Principal Financial Group Inc.’s holdings in Myers Industries were worth $1,474,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio lifted its position in Myers Industries by 5.5% during the first quarter. Strs Ohio now owns 13,500 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 700 shares during the last quarter. Inspire Investing LLC grew its position in shares of Myers Industries by 320.0% in the first quarter. Inspire Investing LLC now owns 104,788 shares of the industrial products company’s stock valued at $2,219,000 after purchasing an additional 79,837 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Myers Industries in the first quarter valued at approximately $690,000. Ritholtz Wealth Management grew its position in shares of Myers Industries by 144.8% in the first quarter. Ritholtz Wealth Management now owns 125,888 shares of the industrial products company’s stock valued at $2,666,000 after purchasing an additional 74,468 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Myers Industries by 8.9% during the first quarter. Diversified Trust Co now owns 12,981 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 1,063 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Myers Industries News Roundup

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

• Positive Sentiment: Quarterly results beat estimates. Myers Industries reported second-quarter sales of $179.2 million, up 9.8% year over year and above the $166 million consensus estimate. Reported EPS was approximately $0.50–$0.53, compared with expectations of $0.36. Net income more than doubled to $20.0 million, while operating income reached $31.2 million with a 17.4% margin. Myers Industries Q2 revenue rises 9.8% as EPS reaches 50 cents
• Positive Sentiment: Growth was strong in key end markets. Infrastructure revenue increased 52% and Food & Beverage rose 48%. Revenue growth excluding the company’s exit from approximately $5 million of low-margin products was 13%, suggesting underlying performance was stronger than the headline figure. Myers Industries earnings report
• Positive Sentiment: European ammunition-packaging expansion could support future growth. The Scepter business began producing military ammunition containers in Europe, improving regional capacity and customer access. Management outlined a potential 10% to 15% compound annual growth rate for ammunition packaging through 2028. Myers Industries launches European production of Scepter military packaging
• Positive Sentiment: Cash generation and liquidity remained solid. Operating cash flow was $32.1 million, free cash flow was $26.5 million, and total liquidity was $292.3 million. The company also recently refinanced and extended its credit facilities, which may improve financial flexibility. Myers Industries posts strong second-quarter 2026 results
• Neutral Sentiment: Results were uneven across markets. Vehicle revenue declined 19% and Consumer revenue fell 14%. Management expects strong Infrastructure growth, moderate Industrial and Food & Beverage growth, and stable conditions in Vehicle and Consumer markets.

Myers Industries Stock Up 0.4%

NYSE MYE opened at $33.02 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 1.04. Myers Industries, Inc. has a 1-year low of $12.96 and a 1-year high of $36.00. The company has a 50 day moving average of $28.48 and a 200-day moving average of $23.89. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 47.17 and a beta of 0.88.

Myers Industries (NYSE:MYE) last issued its quarterly earnings results 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. Myers Industries had a return on equity of 17.23% and a net margin of 3.36%.The business had revenue of $179.20 million for the quarter, compared to the consensus estimate of $166.00 million.

Myers Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, June 17th. Myers Industries’s dividend payout ratio is presently 77.14%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MYE shares. Weiss Ratings cut Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. KeyCorp increased their price objective on Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen downgraded Myers Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

Myers Industries Company Profile

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.