106,537 Shares of Myers Industries, Inc. $MYE Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of Myers Industries, Inc. (NYSE:MYE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 106,537 shares of the industrial products company’s stock, valued at approximately $3,278,000.

A number of other institutional investors also recently modified their holdings of MYE. Public Employees Retirement System of Ohio acquired a new position in Myers Industries during the 2nd quarter worth $40,000. NewEdge Advisors LLC bought a new stake in Myers Industries during the first quarter valued at about $43,000. Integrated Wealth Concepts LLC bought a new stake in Myers Industries during the second quarter valued at about $112,000. Quantbot Technologies LP acquired a new stake in shares of Myers Industries in the second quarter valued at about $192,000. Finally, Caxton Associates LLP acquired a new stake in shares of Myers Industries in the first quarter valued at about $205,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MYE. Wall Street Zen cut Myers Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Myers Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Myers Industries currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Key Stories Impacting Myers Industries

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

• Positive Sentiment: Third-quarter revenue increased 8.1% year over year to $171.3 million, exceeding analysts’ expectations of approximately $163.8 million. Infrastructure revenue rose 38%, while Food & Beverage revenue grew 12%. Myers Industries Revenue Rises 8.1% to $171.3 Million in Third Quarter
• Positive Sentiment: Management expects significant sequential margin improvement in the fourth quarter as pricing actions take effect and resin costs stabilize. The company also outlined Signature capacity expansions of 30% in 2027 and another 30% in 2029, potentially supporting about $60 million of incremental revenue through 2029. Myers outlines Signature capacity expansions
• Neutral Sentiment: Myers reported $17.4 million of operating cash flow, $5.9 million of capital expenditures and total liquidity of $254.7 million, including $53.5 million in cash. These figures provide financial flexibility, although investors are focused more immediately on margin recovery. Myers Industries Reports Third-Quarter Results
• Negative Sentiment: Adjusted earnings per share were $0.32, below the $0.45 consensus estimate. Net income fell to a $0.9 million loss, or $0.02 per diluted share, from $7.1 million of profit a year earlier. Gross profit declined 5.0% to $46.8 million, and gross margin contracted to 27.3% from 31.1%. Myers Industries Sinks as Resin Costs Squeeze Margins

Myers Industries Price Performance

Shares of Myers Industries stock opened at $29.66 on Friday. The firm’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $26.55. Myers Industries, Inc. has a 1-year low of $16.46 and a 1-year high of $37.45. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 39.03 and a beta of 0.83. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94.

Myers Industries (NYSE:MYE) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company had revenue of $171.34 million during the quarter, compared to analyst estimates of $163.80 million. Myers Industries had a net margin of 3.99% and a return on equity of 20.34%. During the same quarter in the previous year, the business posted $0.19 EPS.

Myers Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Friday, December 4th will be paid a $0.1350 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.8%. Myers Industries’s dividend payout ratio is 71.05%.

About Myers Industries

Myers Industries, Inc is a manufacturer and distributor of products serving industrial, agricultural, automotive, commercial and consumer markets. Founded in 1933 and headquartered in Akron, Ohio, the company operates primarily in North America.

Through its material-handling businesses, Myers Industries produces reusable plastic containers, totes, pallets, drums, tanks and other molded products. These products are used to store, transport and protect materials across industries such as manufacturing, food processing, agriculture, healthcare and logistics.

The company also distributes tire-service supplies, equipment and related products to tire dealers, retreaders, commercial fleets and automotive service providers.