Mutual of America Capital Management LLC trimmed its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,468 shares of the auto parts company's stock after selling 17,427 shares during the quarter. Mutual of America Capital Management LLC owned 1.03% of Miller Industries worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Miller Industries in the second quarter valued at approximately $39,000. Point72 DIFC Ltd boosted its position in shares of Miller Industries by 146.9% in the second quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company's stock valued at $55,000 after acquiring an additional 595 shares during the period. EntryPoint Capital LLC boosted its position in shares of Miller Industries by 101.3% in the first quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company's stock valued at $91,000 after acquiring an additional 913 shares during the period. Quest Partners LLC bought a new stake in shares of Miller Industries in the second quarter valued at approximately $200,000. Finally, Lakewood Asset Management LLC bought a new stake in shares of Miller Industries in the third quarter valued at approximately $250,000. 79.24% of the stock is owned by institutional investors.
Miller Industries Price Performance
MLR traded up $0.34 during trading on Tuesday, hitting $67.70. The company's stock had a trading volume of 34,646 shares, compared to its average volume of 76,214. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $774.49 million, a price-to-earnings ratio of 11.26 and a beta of 0.94. The firm's 50 day moving average price is $64.17 and its two-hundred day moving average price is $60.89. Miller Industries, Inc. has a 12 month low of $38.33 and a 12 month high of $78.25.
Miller Industries (NYSE:MLR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.33. The business had revenue of $314.27 million during the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period in the prior year, the firm earned $1.52 earnings per share. Sell-side analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.
Miller Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.12%. Miller Industries's dividend payout ratio (DPR) is currently 12.60%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. StockNews.com cut Miller Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. DA Davidson restated a "buy" rating and issued a $82.00 target price on shares of Miller Industries in a research note on Friday.
Check Out Our Latest Stock Report on Miller Industries
Miller Industries Profile
(
Free Report)
Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.
Featured Articles
Before you consider Miller Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Miller Industries wasn't on the list.
While Miller Industries currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.