Thrivent Financial for Lutherans Sells 1,637 Shares of Myers Industries, Inc. (NYSE:MYE)

Thrivent Financial for Lutherans decreased its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,230 shares of the industrial products company’s stock after selling 1,637 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Myers Industries worth $404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MYE. nVerses Capital LLC grew its holdings in shares of Myers Industries by 57.9% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the industrial products company’s stock valued at $41,000 after buying an additional 1,100 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Myers Industries by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,959 shares of the industrial products company’s stock valued at $200,000 after buying an additional 1,357 shares during the period. Tieton Capital Management LLC grew its holdings in shares of Myers Industries by 1.3% in the 2nd quarter. Tieton Capital Management LLC now owns 186,925 shares of the industrial products company’s stock valued at $2,501,000 after buying an additional 2,380 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Myers Industries in the 1st quarter valued at $91,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Myers Industries by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,604,324 shares of the industrial products company’s stock valued at $21,466,000 after buying an additional 4,777 shares during the period. Institutional investors own 90.82% of the company’s stock.

Myers Industries Stock Down 3.7 %

Shares of MYE stock opened at $11.96 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80. The firm’s 50-day moving average is $12.26 and its 200-day moving average is $13.67. The stock has a market cap of $445.63 million, a price-to-earnings ratio of 28.40 and a beta of 1.22. Myers Industries, Inc. has a 52-week low of $10.35 and a 52-week high of $23.63.

Myers Industries (NYSE:MYE) last released its quarterly earnings results 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). Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The company had revenue of $205.07 million during the quarter. During the same quarter in the prior year, the company posted $0.38 earnings per share. Sell-side analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a dividend yield of 4.52%. Myers Industries’s dividend 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 research note on Wednesday, November 6th.

Myers Industries 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.