Myers Industries (NYSE:MYE) CFO Samantha Rutty Purchases 3,000 Shares

Myers Industries, Inc. (NYSE:MYE) CFO Samantha Rutty acquired 3,000 shares of Myers Industries stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $17.50 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer owned 3,000 shares of the company’s stock, valued at approximately $52,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Myers Industries Price Performance

Shares of NYSE:MYE traded down $0.13 during midday trading on Tuesday, reaching $16.96. The company’s stock had a trading volume of 262,990 shares, compared to its average volume of 276,372. Myers Industries, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $18.29. The company has a market capitalization of $634.29 million, a P/E ratio of 65.22 and a beta of 1.19. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.77 and a quick ratio of 1.12. The business’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $15.39.

Myers Industries (NYSE:MYE) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $205.44 million during the quarter, compared to analysts’ expectations of $206.40 million. Myers Industries had a return on equity of 13.02% and a net margin of 1.20%. As a group, equities research analysts expect that Myers Industries, Inc. will post 0.95 EPS for the current fiscal year.

Myers Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, December 3rd. Myers Industries’s dividend payout ratio is presently 72.97%.

Institutional Trading of Myers Industries

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Myers Industries by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,871 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 708 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Myers Industries by 30.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 861 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Myers Industries by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 936 shares during the period. Franklin Resources Inc. grew its stake in shares of Myers Industries by 3.9% during the third quarter. Franklin Resources Inc. now owns 28,708 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 1,081 shares during the period. Finally, Fox Run Management L.L.C. increased its holdings in Myers Industries by 5.0% in the first quarter. Fox Run Management L.L.C. now owns 23,904 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

MYE has been the subject of a number of research reports. Zacks Research lowered shares of Myers Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded Myers Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Myers Industries in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.00.

About Myers Industries

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.