Myers Industries, Inc. (NYSE:MYE) Shares Bought by Tieton Capital Management LLC

Tieton Capital Management LLC lifted its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,920 shares of the industrial products company’s stock after buying an additional 59,995 shares during the period. Myers Industries makes up approximately 1.8% of Tieton Capital Management LLC’s holdings, making the stock its 27th largest position. Tieton Capital Management LLC owned approximately 0.66% of Myers Industries worth $3,412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MYE. Victory Capital Management Inc. acquired a new stake in Myers Industries during the second quarter worth approximately $13,684,000. Vanguard Group Inc. boosted its stake in Myers Industries by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 2,846,620 shares of the industrial products company’s stock valued at $65,956,000 after purchasing an additional 182,215 shares during the period. Renaissance Technologies LLC boosted its stake in Myers Industries by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,480,597 shares of the industrial products company’s stock valued at $19,810,000 after purchasing an additional 113,100 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Myers Industries by 336.3% in the second quarter. Hodges Capital Management Inc. now owns 105,800 shares of the industrial products company’s stock valued at $1,416,000 after acquiring an additional 81,550 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in shares of Myers Industries by 60.0% in the second quarter. ClariVest Asset Management LLC now owns 200,266 shares of the industrial products company’s stock valued at $2,680,000 after acquiring an additional 75,108 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp downgraded shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th.

Myers Industries Stock Performance

NYSE MYE opened at $11.13 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11. The firm has a market capitalization of $414.52 million, a price-to-earnings ratio of 26.49 and a beta of 1.23. The company’s fifty day moving average is $12.65 and its two-hundred day moving average is $13.99. Myers Industries, Inc. has a 52-week low of $10.35 and a 52-week high of $23.63.

Myers Industries (NYSE:MYE) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The business had revenue of $205.07 million for the quarter. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. During the same period last year, the company posted $0.38 EPS. Equities research analysts forecast that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 4.85%. Myers Industries’s payout ratio is 128.57%.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.