Miller Industries (NYSE:MLR) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Miller Industries (NYSE:MLR) from a buy rating to a strong-buy rating in a report released on Thursday.

Miller Industries Stock Performance

NYSE MLR opened at $54.68 on Thursday. The company has a market capitalization of $627.18 million, a price-to-earnings ratio of 9.54 and a beta of 0.97. Miller Industries has a twelve month low of $33.83 and a twelve month high of $61.87. The stock has a fifty day simple moving average of $56.66 and a 200 day simple moving average of $48.98. The company has a quick ratio of 1.36, a current ratio of 2.03 and a debt-to-equity ratio of 0.15.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share for the quarter. The business had revenue of $349.87 million during the quarter. Miller Industries had a return on equity of 19.46% and a net margin of 5.41%.

Miller Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.39%. Miller Industries’s dividend payout ratio (DPR) is currently 13.26%.

Institutional Trading of Miller Industries

A number of institutional investors have recently bought and sold shares of the company. Ellsworth Advisors LLC boosted its position in Miller Industries by 3.3% during the fourth quarter. Ellsworth Advisors LLC now owns 10,205 shares of the auto parts company’s stock valued at $432,000 after acquiring an additional 327 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Miller Industries by 11.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,800 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 400 shares during the last quarter. North Star Investment Management Corp. boosted its position in Miller Industries by 1.0% during the fourth quarter. North Star Investment Management Corp. now owns 51,275 shares of the auto parts company’s stock valued at $2,168,000 after acquiring an additional 500 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Miller Industries by 52.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock valued at $79,000 after acquiring an additional 639 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of Miller Industries by 2.4% during the 1st 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 in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Company Profile

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.