OFLX vs. MYE, IIIN, TWI, ASTE, KRT, ERII, KRNT, XMTR, PRLB, and CECO
Should you be buying Omega Flex stock or one of its competitors? The main competitors of Omega Flex include Myers Industries (MYE), Insteel Industries (IIIN), Titan International (TWI), Astec Industries (ASTE), Karat Packaging (KRT), Energy Recovery (ERII), Kornit Digital (KRNT), Xometry (XMTR), Proto Labs (PRLB), and CECO Environmental (CECO). These companies are all part of the "industrial products" sector.
Myers Industries (NYSE:MYE) and Omega Flex (NASDAQ:OFLX) are both small-cap industrial products companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, community ranking, profitability, risk, media sentiment, earnings and valuation.
In the previous week, Myers Industries had 4 more articles in the media than Omega Flex. MarketBeat recorded 4 mentions for Myers Industries and 0 mentions for Omega Flex. Myers Industries' average media sentiment score of 1.00 beat Omega Flex's score of 0.10 indicating that Omega Flex is being referred to more favorably in the news media.
Myers Industries pays an annual dividend of $0.54 per share and has a dividend yield of 3.3%. Omega Flex pays an annual dividend of $1.32 per share and has a dividend yield of 2.0%. Myers Industries pays out 50.9% of its earnings in the form of a dividend. Omega Flex pays out 69.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Omega Flex has raised its dividend for 6 consecutive years. Myers Industries is clearly the better dividend stock, given its higher yield and lower payout ratio.
Myers Industries has higher revenue and earnings than Omega Flex. Myers Industries is trading at a lower price-to-earnings ratio than Omega Flex, indicating that it is currently the more affordable of the two stocks.
Myers Industries has a beta of 1.31, meaning that its share price is 31% more volatile than the S&P 500. Comparatively, Omega Flex has a beta of 0.37, meaning that its share price is 63% less volatile than the S&P 500.
Omega Flex has a net margin of 18.03% compared to Omega Flex's net margin of 4.90%. Myers Industries' return on equity of 24.76% beat Omega Flex's return on equity.
Myers Industries presently has a consensus price target of $30.00, indicating a potential upside of 82.70%. Given Omega Flex's higher probable upside, analysts clearly believe Myers Industries is more favorable than Omega Flex.
90.8% of Myers Industries shares are owned by institutional investors. Comparatively, 36.1% of Omega Flex shares are owned by institutional investors. 1.4% of Myers Industries shares are owned by insiders. Comparatively, 67.1% of Omega Flex shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Myers Industries received 42 more outperform votes than Omega Flex when rated by MarketBeat users. However, 69.26% of users gave Omega Flex an outperform vote while only 59.17% of users gave Myers Industries an outperform vote.
Summary
Myers Industries and Omega Flex tied by winning 10 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding OFLX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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