Myers Industries, Inc. (NYSE:MYE) CEO Dave Basque Purchases 5,000 Shares

Myers Industries, Inc. (NYSE:MYE) CEO Dave Basque purchased 5,000 shares of Myers Industries stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $12.13 per share, with a total value of $60,650.00. Following the completion of the transaction, the chief executive officer now owns 34,152 shares in the company, valued at approximately $414,263.76. This represents a 17.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Dave Basque also recently made the following trade(s):

• On Monday, December 9th, Dave Basque purchased 5,000 shares of Myers Industries stock. The stock was bought at an average cost of $12.41 per share, with a total value of $62,050.00.
• On Tuesday, December 3rd, Dave Basque bought 5,000 shares of Myers Industries stock. The shares were acquired at an average cost of $11.33 per share, for a total transaction of $56,650.00.

Myers Industries Trading Down 0.4 %

Shares of NYSE:MYE opened at $12.08 on Wednesday. The business’s 50-day moving average is $12.12 and its 200 day moving average is $13.55. Myers Industries, Inc. has a 1 year low of $10.35 and a 1 year high of $23.63. The firm has a market capitalization of $450.10 million, a P/E ratio of 28.76 and a beta of 1.22. 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 (NYSE:MYE) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (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 net margin of 1.88% and a return on equity of 14.75%. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, research analysts predict that Myers Industries, Inc. will post 0.95 earnings per share 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. Stockholders of record on Tuesday, December 3rd will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries’s payout ratio is 128.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in shares of Myers Industries by 464.7% in the third quarter. Barclays PLC now owns 74,072 shares of the industrial products company’s stock worth $1,024,000 after purchasing an additional 60,954 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Myers Industries by 1.3% in the third quarter. Geode Capital Management LLC now owns 832,442 shares of the industrial products company’s stock worth $11,507,000 after purchasing an additional 10,666 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Myers Industries by 2.3% in the third quarter. Wellington Management Group LLP now owns 323,538 shares of the industrial products company’s stock worth $4,471,000 after purchasing an additional 7,192 shares during the last quarter. State Street Corp raised its stake in shares of Myers Industries by 2.6% in the third quarter. State Street Corp now owns 1,374,246 shares of the industrial products company’s stock worth $19,176,000 after purchasing an additional 35,456 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Myers Industries in the third quarter worth about $28,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.