Bruce M. Lisman Purchases 1,500 Shares of Myers Industries, Inc. (NYSE:MYE) Stock

Myers Industries, Inc. (NYSE:MYE) Director Bruce M. Lisman acquired 1,500 shares of the stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $11.63 per share, for a total transaction of $17,445.00. Following the acquisition, the director now owns 61,093 shares of the company’s stock, valued at approximately $710,511.59. The trade was a 2.52 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Myers Industries Stock Up 1.7 %

MYE stock opened at $11.44 on Thursday. The firm has a market capitalization of $426.25 million, a PE ratio of 27.24 and a beta of 1.23. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a twelve month low of $10.35 and a twelve month high of $23.63. The stock’s 50 day moving average is $12.54 and its 200-day moving average is $13.85.

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

Myers Industries Announces Dividend

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 given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries’s payout ratio is 128.57%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Myers Industries

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Myers Industries in the second quarter worth $25,000. Point72 DIFC Ltd bought a new stake in shares of Myers Industries during the 3rd quarter worth $28,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Myers Industries in the 1st quarter worth about $91,000. Point72 Asset Management L.P. bought a new position in Myers Industries during the third quarter valued at about $72,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Myers Industries during the third quarter worth about $85,000. 90.82% of the stock is owned by institutional investors.

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.