On November 25, 2024, Bruce Lisman, a Director at Myers Industries Inc (MYE, Financial), purchased 1,500 shares of the company. Following this transaction, the insider now holds a total of 61,093 shares. The purchase was documented in an SEC Filing.
Myers Industries Inc is a diversified manufacturing company that specializes in polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The company also provides distribution services for tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry.
The insider transaction history for Myers Industries Inc indicates that there have been two insider buys in total over the past year, with no insider sells during the same period. This trend is illustrated in the image below.
On the day of the recent purchase, shares of Myers Industries Inc were trading at $11.63 each, resulting in a market cap of $423.641 million. The company's price-earnings ratio stands at 27.07, which is higher than the industry median of 17.395 and also higher than the company's historical median price-earnings ratio.
The GF Value for Myers Industries Inc is estimated at $18.71, giving the stock a price-to-GF-Value ratio of 0.62. This suggests that the stock is a "Possible Value Trap, Think Twice" based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
In summary, the recent insider buying activity by Bruce Lisman at Myers Industries Inc reflects a continued interest in the company's stock, despite its current valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
