Myers Industries, Inc. (NYSE:MYE) Director Buys $17,445.00 in Stock

Myers Industries, Inc. (NYSE:MYE) Director Bruce M. Lisman bought 1,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $11.63 per share, with a total value of $17,445.00. Following the transaction, the director now owns 61,093 shares of the company’s stock, valued at $710,511.59. The trade was a 2.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Myers Industries Trading Up 0.4 %

Shares of MYE stock traded up $0.05 on Tuesday, reaching $11.34. 340,964 shares of the stock were exchanged, compared to its average volume of 269,075. The stock has a 50 day moving average price of $12.60 and a 200 day moving average price of $13.89. The stock has a market cap of $422.53 million, a PE ratio of 26.88 and a beta of 1.23. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11. Myers Industries, Inc. has a one year low of $10.35 and a one year high of $23.63.

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

Myers Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 4.76%. Myers Industries’s dividend payout ratio is presently 128.57%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in Myers Industries in the second quarter valued at about $25,000. Point72 DIFC Ltd acquired a new position in Myers Industries in the third quarter valued at about $28,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Myers Industries during the first quarter worth about $91,000. Point72 Asset Management L.P. acquired a new position in shares of Myers Industries during the third quarter worth about $72,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Myers Industries during the third quarter worth about $85,000. 90.82% of the stock is owned by institutional investors and hedge funds.

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.