Miller Industries, Inc. (NYSE:MLR) Stock Holdings Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 38.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,246 shares of the auto parts company's stock after selling 312,835 shares during the period. Thrivent Financial for Lutherans owned approximately 4.46% of Miller Industries worth $31,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MLR. EntryPoint Capital LLC boosted its stake in 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 in the last quarter. Quadrature Capital Ltd grew its stake in Miller Industries by 13.6% during the 1st quarter. Quadrature Capital Ltd now owns 22,346 shares of the auto parts company's stock valued at $1,118,000 after purchasing an additional 2,677 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Miller Industries by 2.4% in the first quarter. Kennedy Capital Management LLC now owns 36,707 shares of the auto parts company's stock worth $1,839,000 after purchasing an additional 853 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Miller Industries by 270.0% in the second quarter. Harbor Capital Advisors Inc. now owns 9,535 shares of the auto parts company's stock valued at $525,000 after purchasing an additional 6,958 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its position in Miller Industries by 4.9% during the second quarter. Ellsworth Advisors LLC now owns 11,431 shares of the auto parts company's stock valued at $629,000 after buying an additional 531 shares during the period. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Stock Performance

Miller Industries stock traded down $1.21 during trading hours on Wednesday, reaching $66.76. 89,780 shares of the stock were exchanged, compared to its average volume of 76,470. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. The firm's 50 day moving average is $64.39 and its 200 day moving average is $61.00. The stock has a market cap of $763.67 million, a P/E ratio of 11.28 and a beta of 0.94. Miller Industries, Inc. has a 52-week low of $38.33 and a 52-week high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting analysts' consensus estimates of $1.33. The firm had revenue of $314.27 million for the quarter. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. During the same period in the previous year, the company posted $1.52 earnings per share. Analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $0.19 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.14%. Miller Industries's dividend payout ratio is presently 12.60%.

Wall Street Analyst Weigh In

MLR has been the subject of several research reports. DA Davidson reaffirmed a "buy" rating and set a $82.00 price objective on shares of Miller Industries in a research note on Friday, November 15th. StockNews.com lowered Miller Industries from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th.

About Miller Industries

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.