HHM Wealth Advisors LLC Buys 6,759 Shares of Miller Industries, Inc. $MLR

HHM Wealth Advisors LLC raised its stake in Miller Industries, Inc. (NYSE:MLR) by 67.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,757 shares of the auto parts company’s stock after acquiring an additional 6,759 shares during the quarter. HHM Wealth Advisors LLC owned about 0.15% of Miller Industries worth $745,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC increased its position in Miller Industries by 21.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 98,994 shares of the auto parts company’s stock worth $4,194,000 after buying an additional 17,197 shares during the period. Victory Capital Management Inc. boosted its position in shares of Miller Industries by 587.3% in the first quarter. Victory Capital Management Inc. now owns 32,187 shares of the auto parts company’s stock valued at $1,364,000 after acquiring an additional 27,504 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Miller Industries by 21.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 113,733 shares of the auto parts company’s stock valued at $4,819,000 after acquiring an additional 20,191 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Miller Industries by 114.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 16,836 shares of the auto parts company’s stock worth $713,000 after acquiring an additional 8,976 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in Miller Industries during the first quarter worth about $419,000. Institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MLR. Loop Capital set a $46.00 price target on Miller Industries in a research report on Monday, November 10th. Zacks Research raised Miller Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Miller Industries in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Miller Industries presently has a consensus rating of “Hold” and an average price target of $55.00.

Miller Industries Stock Up 1.0%

NYSE MLR opened at $36.12 on Wednesday. The business has a fifty day moving average price of $39.67 and a two-hundred day moving average price of $42.37. The stock has a market capitalization of $412.93 million, a PE ratio of 9.87 and a beta of 1.24. Miller Industries, Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $76.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.19.

Miller Industries (NYSE:MLR) last announced its quarterly earnings data on Wednesday, November 5th. The auto parts company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.25. The business had revenue of $178.67 million during the quarter, compared to the consensus estimate of $177.55 million. Miller Industries had a return on equity of 10.48% and a net margin of 4.35%. Miller Industries has set its FY 2025 guidance at EPS. Equities analysts expect 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 Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Miller Industries’s dividend payout ratio is 30.77%.

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.