Miller Industries, Inc. (NYSE:MLR) Director A Russell Chandler III sold 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $25.15, for a total transaction of $25,150.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Miller Industries, Inc. (NYSE:MLR) traded down $0.40 during midday trading on Thursday, reaching $27.40. 31,200 shares of the company’s stock traded hands, compared to its average volume of 26,896. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $29.00. The stock has a market capitalization of $316.32, a price-to-earnings ratio of 17.48 and a beta of 0.59.
Miller Industries (NYSE:MLR) last issued its quarterly earnings data on Wednesday, November 8th. The auto parts company reported $0.39 EPS for the quarter. The firm had revenue of $153.36 million during the quarter. Miller Industries had a net margin of 3.01% and a return on equity of 9.58%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, December 1st. Miller Industries’s dividend payout ratio (DPR) is 45.28%.
Several large investors have recently modified their holdings of MLR. Bank of New York Mellon Corp grew its holdings in shares of Miller Industries by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 144,037 shares of the auto parts company’s stock valued at $3,579,000 after buying an additional 1,073 shares during the last quarter. Teachers Advisors LLC raised its position in Miller Industries by 6.6% in the second quarter. Teachers Advisors LLC now owns 20,320 shares of the auto parts company’s stock worth $505,000 after acquiring an additional 1,250 shares during the period. Goldman Sachs Group Inc. raised its position in Miller Industries by 8.2% in the second quarter. Goldman Sachs Group Inc. now owns 24,617 shares of the auto parts company’s stock worth $612,000 after acquiring an additional 1,864 shares during the period. Mutual of America Capital Management LLC raised its position in Miller Industries by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 348,790 shares of the auto parts company’s stock worth $8,667,000 after acquiring an additional 2,631 shares during the period. Finally, Vanguard Group Inc. raised its position in Miller Industries by 1.2% in the second quarter. Vanguard Group Inc. now owns 572,495 shares of the auto parts company’s stock worth $14,226,000 after acquiring an additional 6,624 shares during the period. 82.64% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered shares of Miller Industries from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
About Miller Industries
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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