Sei Investments Co. Has $7.59 Million Position in Myers Industries, Inc. $MYE

Sei Investments Co. grew its stake in Myers Industries, Inc. (NYSE:MYE) by 77.5% in the first quarter, HoldingsChannel.com reports. The fund owned 358,375 shares of the industrial products company’s stock after acquiring an additional 156,470 shares during the period. Sei Investments Co.’s holdings in Myers Industries were worth $7,590,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Myers Industries by 372.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,498 shares during the period. Kestra Advisory Services LLC acquired a new position in Myers Industries during the fourth quarter valued at approximately $38,000. Quarry LP bought a new stake in Myers Industries in the third quarter valued at approximately $48,000. Aquatic Capital Management LLC bought a new stake in Myers Industries in the third quarter valued at approximately $61,000. Finally, Clearstead Advisors LLC raised its holdings in Myers Industries by 56.0% in the fourth quarter. Clearstead Advisors LLC now owns 3,438 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 1,234 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Myers Industries Price Performance

Shares of MYE opened at $34.36 on Monday. The stock has a 50 day simple moving average of $28.72 and a 200 day simple moving average of $23.99. Myers Industries, Inc. has a 52-week low of $12.96 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.21 and a current ratio of 1.61. The firm has a market capitalization of $1.29 billion, a PE ratio of 35.42 and a beta of 0.88.

Myers Industries (NYSE:MYE) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.36 by $0.17. Myers Industries had a net margin of 4.86% and a return on equity of 19.86%. The firm had revenue of $179.20 million for the quarter, compared to the consensus estimate of $166.00 million.

Myers Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th were issued 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 (DPR) is presently 55.67%.

Myers Industries News Roundup

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 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.