On November 27, 2024, LIEBAU FREDERIC JACK JR, a Director at Myers Industries Inc (MYE, Financial), purchased 7,000 shares of the company. Following this transaction, the insider now holds a total of 56,993 shares. The transaction details are available in the 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's recent purchase is part of a broader trend within the company. Over the past year, there have been four insider buys and no insider sells at Myers Industries Inc. This indicates a pattern of insider confidence in the company's prospects. On the day of the purchase, shares of Myers Industries Inc were trading at $11.68, giving the stock a market cap of $426.625 million. The company's price-earnings ratio stands at 27.26, which is higher than the industry median of 17.11 and also higher than the company's historical median price-earnings ratio. The stock's GF Value is estimated at $18.72, resulting in 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 based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
